Saturday 23rd of Aug 2014 -Members -Register -Brokers -Bookmark RightBiz
Leasehold:
£74,950
Annual Rent:
£6,000

Fish & Chip Pizza Kebab & Curries Resturant & Take Away

Leicester, Leicestershire
Further Details
Status
FOR SALE
Advert ID116237
LocationLeicester, Leicestershire
SectorFish And Chips Shops, Fast Food Businesses, Restaurants
TenureLeasehold
Leasehold Price£74,950
Annual Rent£6,000
Advert Statistics
Views
Impressions
Total Enquiries
Last Viewed
Last Updated
Last Enquiry Made
Key Features
  • Established Business
  • Close to Local Amenities
  • Attractive Business
  • Fully Fitted
Full Details
Business Details Contact: 07588873473

- Newly Refurbished

- Highest Food hygiene rating of 5

- Situated in the Knighton area of Leicester in Leicestershire.

- A well established business.

- Good loyal clientele.

- Fully equipped business with favourable lease terms(see below).

- Turnover in excess of £2700 per week(Which could be easily increased if trading hours were increased to include lunch time hours of Monday to Saturday {11:30am 2:00pm} not open at present during these hours due to owners other commitments)

- Rent of only £115.39 per week(£6000pa)

- Nil Business rates(last two years)

- A business with great potential which has not been fully exploited.

- An easily run operation.

- Good loyal well trained staff which will stay on if required.

- A good first time buyers business and an ideal purchase for a husband and wife team.

- Very low overheads.

- A niche concern with very little competition.

- Business enjoys superb local reputation.

- This concern provides fish & chips, pizza, kebabs, burgers, fresh tandoor nan and curries.

- There are 12 covers with 3 tables and a settee

- Student halls accommodation opening close by soon

- Surrounded by a densely populated residential area with schools and other local amenities.

Leasehold Term

The original length of the lease was 16 years with over 13 years remaining. The rent is £6,000 pa with a review every 4 years from rent commencement. The lease may be renewable or negotiable for longer term if required. The rates are nil.

Trading Hours

Sunday to Thursday: 4:00pm 11:00pm; Friday & Saturday: 4:00pm - 12:30am

Contact: 07588873473

History

This is a leasehold fish & chip shop takeaway which has been established over 40 years. The business has been in the hands of the current owner since 2010 who has added further to include pizzas, burgers, kebabs, curries and fresh tandoor nan but due to future relocation to Burton it will become difficult to manage on a day to day basis and hence the reluctant sale of the business.

Services

This very good business opportunity provides and delivers fish & chips, pizza, kebabs, burgers, fresh tandor nan and curries.

Staffing

The concern employs 2 Staff that work on a part-time basis who will stay on if required.

Owners Role

The owner is involved in the day to day running of the business(from 4:00pm onwards).

Marketing

Occasional leafleting of the new line have been advertised but we retain the existing clientele as the business is well known.

Competition

There is no local competition.

Market

The client base consists of existing clientele, local and passing trade.

Opportunities

The concern has huge potential. In particular the turnover and profits can be increased by:

Increasing the opening hours to include lunch time trading during Monday to Saturday.

Increasing the marketing activity with direct mailings and local and internet advertising.

Student halls accommodation opening soon and we are the closest food outlet and delivery will increase.

With the introduction of a website and e-commerce.

Training and Handover

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property Details

The property is end terraced. The front and side is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is very conveniently laid out there are 12 covers with 3 tables and a settee.

To the rear is a fully equipped kitchen a store room a toilet and staff facilities

Premises

On the ground floor the business as detailed above.

On the first floor There is a Flat available if required and can be negotiated with the landlord, details are; 2 bedroom flat, a lounge, and bathroom / WC. Also the freehold is available if required and can be negotiated with the landlord.

Equipment with Sale

All fixtures and fittings and equipment are included in the sale price and are valued at over £30,000.

Financial Details

The present turnover is £140,000 per annum. The present value of the stock is £2,000 to £2,500.

The potential turnover of the business within the next 2 years is forecast to reach £200,000 pa easily given the changes that are required to be made to the business.

Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.

Contact: 07588873473.
Share this advert:
Request further information on this business for sale
Interested in this business?
Disclaimer
The data showed regarding this advert 'Fish & Chip Pizza Kebab & Curries Resturant & Take Away' comprises as a business advertisement. RightBiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall RightBiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.