Well Established Chinese Takeaway in Weston-Super-Mare For Sale

Shopping precinct locality, excellent trading position, residential area, SOMERSET WESTON-SUPER-MARE

Turnover £ 1,700
Price £50,000

Features

Well Established oriental Takeaway

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 800 ft². Tiled floor, suspended ceiling with spotlights. Sales counter, cash register, customer s'waiting area.

KITCHEN, Stainless steel extractor unit, 9-burner Chinese cooker, 2 rice cookers, microwave oven, 6-burner gas cooker, deep fryer, 2-pan deep fryer, 6 preparation tables, sink and drainer, 3 freezers, etc.

Walk-in coldroom.

Staff toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,700 p.w. with a gross profit of 65% approx. (20% DELIVERIES)

Staff

The business is at present operated by the vendor with 2 kitchen staff, 1 front of house plus 1 driver.

Trading Hours

6 Day week
TUESDAY - THURSDAY & SUNDAY 5.30pm - 10pm
FRIDAY & SATURDAY 5pm - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £14,500 p.a. plus VAT

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

THE BUSINESS HAS BEEN IN THE SAME FAMILY SINCE 2001 AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote