Fast Food Restaurant & Takeaway Wimbledon Price Reduction | | Wimbledon London | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving well run cultured Pakistani Restaurant and Takeaway which has been established since2006. The business has been in the hands of the current owners since 2006 and they | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72235
ADVERT IMPRESSIONS : 8,315 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Take Aways / Delivery | | SALE: | Agent Sale | ASKING PRICE: | £145000 | LEASEHOLD: | £145000 | ANNUAL RENT: | £16500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Broadway area of Wimbledon in London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of tourists, local community and business persons.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A24, A219 and good railway links.
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 £208,000 pa with a net profit of £30,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to emigrate. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and an ideal purchase for a husband and wife team or family.
- Very low overheads.
- Business enjoys superb local reputation.
- This concern provides authentic Asian curries, Indian & Pakistani delicacies as well as burgers and chips,
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving well run cultured Pakistani Restaurant and Takeaway which has been established since2006. The business has been in the hands of the current owners since 2006 and they now wish to sell due to wanting to emigrate.
Services
This very good business opportunity provides authentic Asian curries, Indian & Pakistani delicacies as well as burgers and chips,
Staffing
The concern employs 2 full time and 1 part time staff. They are paid at the rate of £6.00 per hour. The total wage bill is £39,000. There is also a manager who is paid £12,000. All staff would stay on after a sale.
Owners Role
The owners’ role is managing and working in the concern.
Marketing
The owner’s do not market the business however there is a website.
Competition
As far as competition is concerned various other fast food outlets are nearby.
Market
The client base consists of locals, tourists and business people.
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 early mornings.
• Becoming more efficient with staffing levels.
• 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 and is part of a parade of shops and is approximately 120ft x 18 ft. The front is branded with an attractive glass front. The main customer service area is tiled and can seat up to 24 people. It is very well presented and is very conveniently laid out.
The restaurant/takeaway has 24 covers. The customer service point is to the front. There is an overhead menu. There are customer toilets.
To the rear is a store room, toilet, 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 £10,000.
Financial Details
The present turnover is £208,000 per annum with a gross profit of £120,000 and a net profit of £30,000. The wages are £39,000. The present value of the stock is £1000.
The potential turnover of the business within the next 2 years is forecast to reach £265,000 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
Sunday to Wednesday – 12 noon - 12 midnight
Thursday – 12 noon - 01.00am
Friday and Saturday – 12 noon - 03.00am
Tenure
The original length of the lease was 20 years with 14 years remaining. The rent is £16,500 pa with a review every 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £5,860.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £145,000
Ref: 2464 | | | | | | FOR SALE | | | | | REFERENCE: | 2464 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
