Very Well Presented Leasehold Indian Takeaway In Leamington Spa | | Leamington Spa Warwickshire | | Phoenix Business Agents are delighted to place onto the market this very well presented Indian Takeaway which has been established since 2010. The business has been in the hands of the current owner since 2010 and he now wishes to sell. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67349
ADVERT IMPRESSIONS : 7,859 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Indian Restaurants | | SALE: | Agent Sale | ASKING PRICE: | £135000 | LEASEHOLD: | £135000 | ANNUAL RENT: | £10500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the High Street area of Leamington Spa in Warwickshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a 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 A425, A452 and A445.
- Warwick, Kenilworth and Coventry 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 favourable lease terms (see below).
- Turnover in excess of £150,000 pa with a net profit of £30,000 (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 a husband and wife team or partnership
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a high quality Indian takeaway food and delivery service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this very well presented Indian Takeaway which has been established since 2010. The business has been in the hands of the current owner since 2010 and he now wishes to sell due to relocation.
Services
This very good business opportunity provides a high quality Indian Takeaway food and delivery service.
Staffing
The concern employs 3 full-time and 1 part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business with residential leaflet drops and has a website.
Competition
As far as competition is concerned there are other similar businesses in this busy high street area.
Market
The client base consists of local residents with high volumes of 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 lunch time trading.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
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 and is approximately 400 sq ft. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled with a middle aisle and shelving to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet, staff facilities and a fully fitted kitchen.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £65,000.
Financial Details
The present annual turnover is £156,000 with a net profit of £30,000.
The potential turnover of the business within the next 2 years is forecast to reach £190,000 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: 5.30pm to 11.00pm
Tenure
The original length of the lease was 20 years with 7 years remaining. The rent is £10,500 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are currently free of charge.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £135,000
Ref: 2296
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: | 2296 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
