Busy Kebab House On Main Road Location Price Reduced | | Portsmouth Hampshire | | Phoenix Business Agents are delighted to place onto the market this busy Kebab House which has been established since 2005. The business has been in the hands of the current owner since 2005 who now wishes to sell. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61296
ADVERT IMPRESSIONS : 12,428 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Kebab Shops | | SALE: | Agent Sale | ASKING PRICE: | £175,000 | LEASEHOLD: | £175,000 | ANNUAL RENT: | £12,500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the Cowplain area of Portsmouth.
- Prominent location on main arterial road.
- Part of a parade of shops and part of the local shopping centre.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the Portsmouth.
- Area enjoying much growth and re generation.
- 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 £100,000 with a gross profit of £70,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a free delivery service of Kebabs, Burgers, Chicken.
History
Phoenix Business Transfer Agents are delighted to place onto the market this busy Kebab House which has been established since 2005. The business has been in the hands of the current owner since 2005 who now wishes to sell.
Services
This very good business opportunity provides a Kebab Takeaway and Home Delivery Service.
Staffing
The concern employs 3 staff.
Owners Role
The owner is 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 local and passing trade.
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.
• Increasing the opening hours to include morning.
• Increasing the product line to include a breakfast menu.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
• With an enhanced website.
• Increase menu to include a Pizza take away and home delivery.
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. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
The customer service point is to the front. There is an overhead menu.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
FIRST FLOOR
On the first floor there are 2 large rooms.
EXTERNAL
To the rear there is parking.
EQUIPMENT WITH SALE
All fixtures and fittings and equipment are included in the sale price and are valued at £16,000.
FINANCIAL DETAILS
The present annual turnover is £100,000 with a gross profit of 70%. The wages are £300 per week. The present value of the stock is £1000.
The potential turnover of the business within the next 2 years is forecast to reach £180,000 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 Friday 3pm to 11 pm
Saturday 3 pm to 1 am
Sunday 3 pm to 1 am
TENURE
The original length of the lease is 20 years with 20 years remaining. The rent is £12,500 pa with a review in 5 years. The rates are £3500.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £186,000
Ref: 2045
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 given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2045 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
