Well Fitted Takeaway in Reading For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, BERKSHIRE READING

Turnover £ 11,000
Price £110,000

Features

Well Fitted Takeaway Specialising In Thai and Chinese Cuisine

PRAKING BAYS TO THE FRONT

The business currently trades as a Thai & Chinese takeaway part of a dynamic and emerging franchise, presently with no franchise fee payable, which could obviously be continued, however in our opinion there is potential for other types of cuisine, if desired.

SINGLE FRONTED PREMISES in the region of 1,050 ft² with laminated strip floor, suspended ceiling with spotlights. Sales counter, EPOS till. CCTV system.

OPEN PLAN KITCHEN. Stainless steel extractor unit, 8-burner Chinese cooker, 3 fridges, freezer, commercial microwave, preparation tables, 2-pan deep fryer.

Preparation area, 2 freezers.

Ladies' & Gentlemen's toilet with w.c. and wash hand basin

Shower room

Basement in the region of 385 ft², used for preparation of raw meet, deep freeze.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,000 p.w. with a gross profit of 65% approx. (80% DELIVERIES). THE BUSINESS IS OPERATED AT PRESENT UNDER UNDER A FRANCHISE AGREEMENT, WHICH COULD CONTINUE, HOWEVER COULD BE TERMINATED. FULL DETAILS UPON REQUEST,

Staff

The business is at present operated by the Manager with 3 chefs, 1 kitchen person & 6 drivers

Trading Hours

7 Day week
MONDAY - THURSDAY 4 p.m - 10 p.m
FRIDAY - 4 p.m. - 11 p.m
SATURDAY - SUNDAY 12 noon - 11 p.m

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £12,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote