Profitable Takeaway In Central Northampton | | Northampton Northamptonshire | | Phoenix Business Transfer Agents are delighted to place onto the market this profitable takeaway in central Northampton which has been established since2006. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to relocation. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 49596
ADVERT IMPRESSIONS : 9,422 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Take Aways / Delivery | | SALE: | Agent Sale | ASKING PRICE: | £110,000 | LEASEHOLD: | £110,000 | ANNUAL RENT: | £5400 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the busy central area of Abington in Northampton.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A508, A5123 and A428.
Business Details
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £125,000 with a net profit of £26,000. (See financial summary below).
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this profitable takeaway in central Northampton which has been established since2006. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to relocation.
Services
This very good business opportunity provides a takeaway and eats in service for burgers, kebabs and highly profitable branded pizzas (Papa Luigi) with a free delivery service within a six mile radius.
Staffing
The concern employs six staff. Four are full time and two are part time. All staff would stay on after a sale.
Owners Role
The owners’ role is hands on and he works six days per week
Marketing
The owner markets the business with local leaflet drops and has a website.
Competition
As far as competition is concerned there are a number of takeaways situated close by but this is the nature of this section of the town centre and draws in many people in to this area.
Market
The client base consists of locals within a catchment area of 6 miles due to the free delivery service.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• Target the large local student population during term time.
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 terraced and is part of a parade of shops and is approximately 500 sq ft. The front is branded with an attractive glass front. The main customer service area is tiled with an eats- in bar style seating area to the walls. It is very well presented and is very conveniently laid out.
In the basement there is a pizza preparation and cooking area with a rear entrance to the public car park where deliveries are dispatched from. To the rear there is also a store room. There are a toilet and staff facilities and a fully equipped kitchen.
First Floor
On the first floor there is a 2 bed apartment which generates additional income for the business at the rate of £4,800 per year.
External
To the rear there is a small courtyard with easy access to a public car park.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £20,000 including one delivery vehicle.
Financial Details
The present turnover is £130,000 per year with a gross profit of £83,200 and a net profit of £26,000. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £165,000 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.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Sunday to Thursday: 12noon to 2am
Friday and Saturday: 12noon till late
Tenure
The original length of the lease was 17 years with 15.5 years remaining. The rent is £5,400 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are £1,900 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £110,000 (Price Reduced)
Ref: 1675 | | | | | | FOR SALE | | | | | REFERENCE: | 1675 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
