Wimpty Restaurant in Essex For Sale

Situated in a parade, excellent trading position, sought after town ESSEX

Turnover £ 10,000
Price £290,000

Features

Wimpy Franchise Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING
FORECOURT WITH SEAT FOR 12 PEOPLE.

DOUBLE FRONTED PREMISES in the region of 900 ft² WITH CANOPY, tiled floor, suspended ceiling with spot lights, 2 x Air conditioning with hot air, sales counter, cash register, Taylor Thicvh Shake Machine, Taylor Ice Cream Machine. Tables and chairs providing seating for 50 People

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Open plan kitchen area, stainless steel extractor unit, Keating grill, microwave, convayor toaster, fridge/freezer, hot lamps

Preparation room, double sink and drainer, dishwasher, fridges, freezers, preparation table.

Staff room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a Gross profit of 65% approx. (Including £1,000 on deliveries)

Staff

The business is at present operated by the 2 partners with 1 full time & 2 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 9.30am - 8pm

Outside

Parking space for 3 car.

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 2030) at a current rent of £26,000 p.a.

Business Rates from April 2024 £1,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS & RETIREMENT.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £290,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 145,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote