Old Established Chicken Shop in Central London For Sale

Situated in a parade, excellent main road trading position, densely populated commercial and residential area, close to Tube and National Rail Stations, SE LONDON

Turnover £ 5,000
Price £149,950

Features

Old Established Chicken Takeaway

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 465 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with spot and fluorescent lighting, sales counter, cash register, 4 LED Menu Boards.

Open plan kitchen area with stainless steel extractor unit, Double Henny Penny machine, deep fryer (2 pan), grill, Steamer, microwave, toaster, hot cupboard, large freezer, 2 small fridges, CCTV system (8 cameras).

Stock room with 2 freezer.
Walkin coldroom.
Staff Toilet with w.c. 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. (NO PORTALS)

It will be appreciated upon inspection that there is terrific potential to increase the sales by introducing deliveries.

Staff

The business is at present operated by the Father & Daughter team with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 11am - Midnight

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 2018 with reviews every 5 years (next review 2028) at a current rent of £17,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote