Kebab House & Take Away In High Wycombe | | High Wycombe Buckinghamshire | | Phoenix Business Transfer Agents are delighted to place onto the market this Kebab House & Take Away which has been established since 2003. The business has been in the hands of the current owner since 2003. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58644
ADVERT IMPRESSIONS : 10,254 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Kebab Shops | | SALE: | Agent Sale | ASKING PRICE: | £60,000 | LEASEHOLD: | £60,000 | ANNUAL RENT: | £12,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Frogmore area of High Wycombe in Buckinghamshire.
- Prominent location in the middle of a busy shopping centre and the local nightlife area.
- Part of a parade of shops.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Local shopping centre, Nightclubs and Pubs all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £120,000 with a net profit of £24,000 (see financial summary below).
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple.
- Low rent and rates.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Kebab House & Take Away which has been established since 2003. The business has been in the hands of the current owner since 2003 and now wishes to sell due to other business interests.
Services
This very good business opportunity provides chicken, burgers, and kebabs.
Staffing
The concern employs 3 members of staff, 1 full-time and 2 part-time.
Owners Role
The owner is not involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of locals, shoppers and nightlife trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include evenings and early mornings until 4.00 am.
• Increasing the product line to include pizzas.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• Offering a home delivery service.
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 part of a parade of shops. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled, very well presented and is very conveniently laid out.
The customer service point is to the centre with an overhead menu. There are customer toilets.
To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £12,000.
FINANCIAL DETAILS
The present annual turnover is £120,000 with a gross profit 20% and a net profit of £24,000. The wages are £6,000 pa.
The potential turnover of the business within the next 2 years is forecast to reach £182,000 pa 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
Monday to Sunday: 5.00 am - 8.00 pm.
TENURE
The original length of the lease was 25 years with 12 years remaining. The rent is £12,000 pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £10,000 p.a.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £60,000 (Price Reduced)
Ref: 1960
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information give | | | | | | FOR SALE | | | | | REFERENCE: | 1960 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
