Busy Takeaway In Prominent Location | | Braintree Essex | | Phoenix Business Agents are delighted to place onto the market this busy shop which has been established since 1996. The business has been in the hands of the current owner since 2005 and now wishes to sell due to family reasons. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67248
ADVERT IMPRESSIONS : 10,122 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fish & Chips Shops | | SALE: | Agent Sale | ASKING PRICE: | £155000 | LEASEHOLD: | £155000 | ANNUAL RENT: | £17000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the busy area of the high street in Braintree.
- Prominent location on main arterial road.
- Part of a parade of shops which part of the main shopping centre.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- 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.
- Well linked with the town center and all local areas.
- Bus station lies close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £205,000 pa with a gross profit of £157,000 (see financial summary below).
- A business with great potential which has not been exploited because family reasons.
- An easily run operation.
- A good first time buyers business and ideal purchase for partnership or couple
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides full takeaway Fish and Chip menu.
History
Phoenix Business Transfer Agents are delighted to place onto the market this busy shop which has been established since 1996. The business has been in the hands of the current owner since 2005 and now wishes to sell due to family reasons.
Services
This very good business opportunity provides full takeaway fish and chip shop menu.
Staffing
The concern employs no staff and is family run.
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
As far as competition is concerned there is another similar business some 1/4 miles away.
Market
The client base consists of locals and passing.
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 product line to include chicken/pizza.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• 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, 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 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. and a large preparation room There is a toilet, staff facilities.
External
To the front there is pavement.
To the rear is large yard with parking for two cars.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £40,000
Financial Details
The present annual turnover is £205,000with a gross profit of £157,000. The present value of the stock is £2,000
The potential turnover of the business within the next 2 years is forecast to reach £300,000 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 11.00am - 10.00pm
Tenure
The original length of the lease was 25 years with 20 years remaining. The rent is £17,000pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £5,500.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £155,000
Ref: 2278
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: | 2278 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
