Pizza and Chicken Shop in East London For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, EAST LONDON

Turnover £ 6,000
Price £180,000

Features

Well Fitted Pizza & Chicken Restaurant

5 STAR HYGIENE RATING
COVERED FORECOURT WITH SEATING FOR 18 PEOPLE

DOUBLE FRONTED PREMISES in the region of 310 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with spot and haning lighting, sales counter, EPOS till. Tables and chairs providing seating for 8 People.

Open plan kitchen area, stainless steel extractor unit, pizza oven (2-deck), Henny Penny chicken michine, deep fryer (2 pan), grill, 4 fridge, 3 freezer, 5 x preparation table, refrigerated making table.

Stock room.

Staff Toilet with w.c. and wash hand basin and shower.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx. (30% DELIVERIES)

Staff

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

Trading Hours

7 Day week
MONDAY - THURSDAY & SUNDAY 12 noon - 2 am
FRIDAY & SATURDAY 12 noon - 4am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2016 with reviews every 4 years (next review 2028) at a current rent of £19,800 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 90,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote