Long Established Chinese Takeaway in Warwickshire For Sale

Unopposed trading position, excellent trading position, residential area, Wawickshire.

Turnover £ 5,000
Price £52,500

Features

Long Established Chinese Takeaway

6 DAYS OPENING

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, in the region of 400 ft², CCTV (3 cameras), Tiled flooring, suspended ceiling with LED lighting.

Sales counter, electric cash register, soft drinks fridge.

SEPARATE KITCHEN - Stainless steel extractor, 6 burner hob, double basket deep fat fryer, oven, microwave, rice cookers, 4 pot bain marie, rice warmer, hot plate, double door fridge, prep counter with refridgerated ingreients storage, 2 chest freezers, stainless steel preparation table, double sink and drainer, etc.

Store room.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 1 full time and 3 part time staff.

Trading Hours

6 Day week
MONDAY, WEDNESDAY & THURSDAY 5 p.m. - 11 p.m.
FRIDAY & SATURDAY 5 p.m. - Midnight
SUNDAY 5 p.m. - 10.30 p.m.
CLOSED TUESDAYS

Outside

Parking space.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2019 with reviews every 3 years (next review 2028) at a current rent of £10,200 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME FAMILY SINCE 1988, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £52,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 26,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote