Well Fitted Fast Food Takeaway in Surrey For Sale

Situated in a parade main road, SURREY

Turnover £ 1,600
Price £85,000

Features

Well Presented Fast Food Burger Shop

4 STAR HYGIENE RATING
RARE £37,200 RENTAL INCOME

DOUBLE FRONTED PREMISES in the region of 760 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, suspended ceiling with spot lights, sales counter, EPOS till, 3 LED Menu Boards, CCTV. Alarm

OPEN PLAN KITCHEN. Gril, 2 fryers, ice maker, deep freezer, walk-in freezer & fridges, under-counter fridge, hot chips holder, 2 work stations with fridge, hot food holder, tall freezer, sink.

Toilet

Sinks at back

Small back storage area

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. - £1,800 p.w. with a Gross profit of 65% approx. (70% ONLINE SALES)

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 4pm - 10.30pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £2,000 per month. The accommodation comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Additional Studio Flat at present let on a shorthold tenancy providing a rental income of £1,100 per month inclusive of bills

1 Large bedsitting room.
Showroom, w.c. and wash hand basin.
Kitchen.

Outside

Small Rear yard

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 2020 with reviews every 5 years (next review 2025) at a current rent of £24,000 p.a.

(As will be appreciated with the rental income currently of £37,200 p.a. in respect of the self contained maisonette, there is in fact at the present time a profit rental of £13,200 p.a).

Business Rates from April 2024 £1,300 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote