Highly Profitable Leasehold Takeaway In Norfolk | | Attleborough Norfolk | | Phoenix Business Agents are delighted to place onto the market this Highly Profitable Takeaway which has been established since 1970. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to other businesses. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68600
ADVERT IMPRESSIONS : 7,055 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Take Aways / Delivery | | SALE: | Agent Sale | ASKING PRICE: | £130000 | LEASEHOLD: | £130000 | ANNUAL RENT: | £10200 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the town of Attleborough in Norfolk.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities.
- Surrounded by a well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A11 and B1077.
- Thetford, Norwich, Dereham and Diss all lie close by.
- 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 £125,000 pa with a net profit of £52,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides fish & chips, chicken, burgers and pizza.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Highly Profitable Takeaway which has been established since 1970. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides fish & chips, chicken, burgers and pizza.
Staffing
The concern employs one full-time and one part-time 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 residents with a high volume 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 Sunday trading.
• Increasing the services to include deliveries.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
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 300 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 and racking to the walls. It is very well presented and is very conveniently laid out.
There is an overhead menu. There is seating for six to eat in and there is also a couch for waiting takeaway customers. To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £50,000.
Financial Details
The present annual turnover is £130,000 with a net profit of £52,000. The present value of the stock is £400.
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 Thursday: 10am to 10pm
Friday to Saturday: 10am to 11pm
Sunday: Closed
Tenure
The original length of the lease was 20 years with 17 years remaining. The rent is £10,200 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £1000 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £130,000
Ref: 2157
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: | 2157 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
