5727 / Rightbiz
- Established Since 1987
- 5 Star Food Hygiene Rating
- Accounts Available After Viewing
- Free Parking To Rear
- Large and Loyal Customer Base
- Excellent Reputation
- Public Transport Links
- Retirement Sale
- Seating for 60
- EPC - D
REF 5727 – Leasehold Fast-food Restaurant
Blacks Business Brokers are pleased to bring to the market this leasehold fast-food restaurant located in the much sought-after area of Farnborough, Hampshire.
Wimpy has been trading at this location since 1977 with our client in ownership since 1987. During that time it has firmly established itself within the local community, gaining a large customer base and a superb reputation.
Farnborough is a busy and popular town in North East Hampshire. The area is well linked by the M3 and A331 with superb public transport links in place and is densely populated. The business is positioned on Queensmead, this is a busy area of the bustling town centre and is full of shops and businesses with a constant stream of customers and passers-by.
REASON FOR SALE
Wimpy is only being offered for sale due to our clients retirement.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 20 years with rent reviews every 5 years. The current lease began in 2007 and runs at a cost of £462 per week.
BUILDING LAYOUT AND DESIGN
Wimpy is housed within a prominent corner position immediately visible as you enter town centre. Large, clear signage and well known branding is on display to both sides of the unit. The unit is secured with external rollers and security shutters.Inside, the main restaurant floor is well presented with seating for up to 60 diners and has recently undergone a corporate Wimpy refit.
The server area is a huge counter area with open kitchen to the rear and a range of commercial catering equipment in place and the entire building is air conditioned.
Outside, there are dining tables and chairs on pavement allowing for outdoor dining if required and customer & staff parking for 4 vehicles is available to the rear of the premises.
Further parking is available in several pay & display car parks nearby.
Wimpy is currently operating with our clients on a full-time basis with three full-time, three part-time and three drivers in employment.
Financial details are available upon a viewing of the business and Wimpy has traded solidly over its trading history. The business generates an annual turnover of £338,000 with rates payable of £1,169 per annum.
This leasehold, franchsie business has an impressive trading history in place, with a healthy turnover year on year with a 5 star hygiene rating and new computer system installed recently. This proposition would ideally suit an owner operating team knowledgeable in this sector, who could push the business forward and build upon the solid and impressive trading foundations in place. It may also be of great interest to a similar business or retail chain looking to gain a base in this much sought-after area. Early viewings are very strongly advised.
Fixtures & Fittings:
Fully fitted kitchen
Ice cream machine
Deep fat fryer
6 burner gas hob
Large commercial fridge
Large commercial freezer
Tables and chairs for up to 60 diners
Mon - Sun - 9am - 9pm
£461 Per Week. Weekly Rent:
£461 Per Week.
Leasehold Price: £149,950
Location: Farnborough, Hampshire
Sector: Fast Food Businesses
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