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Profitable Takeaway in Town Centre

Scunthorpe, Lincolnshire
Leasehold Price:
£149,999
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
185213
Reference
13312 F / Rightbiz

Details

Business
Hilton Smythe welcomes to the market A F C. This takeaway was established in 2010 and was taken over by our client in 2013. The owner is now looking to sell this successful business, due to the desire to focus on other interests.

The business runs as a fast food takeaway offering an excellent menu for great prices. The menu includes fried chicken, burgers, kebabs, wraps, desserts and drinks. Meal deals are available. The food can be eaten in store or taken away, deliveries are also available.

The business generated a turnover in the region of £520,000 as of the 2015 accounts, with a gross profit of 50%. This is a great turnover that could be increased. The new owner should look to reduce staffing costs. There are 9 members of staff that currently work at the business.

There are currently 12 covers in the shop. Above are three unused rooms, this space could be utilised as an additional seating area and could benefit the takeaway.

The business advertises on JustEat. This is a popular site that is increasing in popularity. A business website and Facebook page could further benefit the business. Online ordering is convenient for customers.

A great plus to the business is the AFC Scunthorpe app which is available to download on Apple and Android. The app allows customer to order meals and emails are sent throughout the order to keep customers informed as to when the delivery will take place. There is the option to pay by card on the app or to pay cash on delivery. This is a popular way of ordering.

This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
A F C is located in Scunthorpe, Lincolnshire.

The business is set in a town location just minutes away from the main high street. There are a variety of retail outlets, this includes large well-known brands and independent stores. Close by there is a William Hill, fish and chip shop, restaurant, barbers shop, pound store, clothing stores, newsagents and much more. This is a bustling location with on street parking lining the street.

Scunthorpe is an industrial town and is one of the largest manufacturers of steel in the UK. The town has a population of 65,000 as of the 2011 census.

Scunthorpe town centre received a generous amount of footfall and passing trade. The town is close to the A18 and M180 motorway network. As well as great road connections, the area also benefits from generous public transport. There is a bus stop close by and a train station just a short 2-minute walk away.

Premises
A F C is set on a retail parade on a main high street. The property is well-signed, clearly visible to passing trade. The premises has been completed to a high standard and looks welcoming. The front window has an electric roller shutter.

The property is being fully refurbished which should be complete in may.

The upstairs is being converted into a three bedroom apartment, with potential to generate around £195 per week.

There is a large waiting area on entry. There is seating with tables and a breakfast bar with stools. This is for customers eating in or waiting for food. The service counter runs the length of the room. Behind the counter is a stainless-steel preparation and cooking area. Above this is a menu board.

Preparation equipment includes: -
2 x Kebab machines
2 x Deep fat fryers
Chen warmer
Pressure fryer for chicken
Bain Marie
Chest freezer
Salad counter
CCTV
EPOS till system

Through to the rear of the property is a kitchen equipped with stainless steel fixtures and fittings. The kitchen has a washing up area.

Kitchen equipment includes: -
2 x Large commercial fridges
Stainless steel work benches
Large commercial sink
Stainless steel double sink

On the first floor are three rooms. This has two medium and one large rooms. There is potential to use this floor as a dining area. This floor is currently used for storage.

Tenure
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 20 years
Remaining lease length: 17 years as of 2016.
Rent: £8,760 per annum

Hours
The business opening hours: -

Monday - Sunday: 11am – 11pm

Staff
The business generated a turnover in the region of £520,000 as of the 2015 accounts.
Gross profit 50%

Financial Profile
The business generated a turnover in the region of £520,000 as of the 2015 accounts.
Gross profit 50%

Seller Details
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Listing Details
Leasehold Price: £149,999
Tenure: Leasehold
Sector: Fast Food Businesses, Take Aways Businesses
Financials
Annual Turnover: £520,000
Key Features
  • Prime Location
  • Established Business
  • Attractive Business
  • Price Reduced
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Listing Statistics
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