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Well Established Takeaway & Accommodation London

City of London, London
Leasehold Price:
£79,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
242455
Reference
6787 / Rightbiz

Details

    Prominent Main Road Location

    Annual Turnover £208,000

    Further Financial Information Upon Request

    Established 1997

    Close To Mill Hill East Train Station

    Good Public Transport Links

    Minimal Local Competition

    Well Equipped & Presented

    5 Star Food Hygiene Rating

    Retirement Sale

    Rental Income From Flat £1,200 PCM

    Currently No Social Media Presence

    Could Accommodate Any Cuisine

    EPC – C

Description:
REF 6787 –Leasehold Takeaway & Accommodation
Blacks Business Brokers are pleased to bring to the market this leasehold takeaway and accommodation located in a bustling residential area of London.

INTRODUCTION
Yummy Yummy has been trading on Bittacy Hill since 1997. Our client took ownership in 2012 and has since continued to trade as a Chinese takeaway. The business is very well known and has an excellent reputation in the area, a large base of regular customers and good reviews are noted on Just Eat and Yelp.

LOCATION
The business occupies a prime location within a popular shopping parade on Bittacy Hill. Neighbouring businesses include large multiples such as Coral, Waitrose and a busy BP garage as well as independent retailers and offices. This area is well linked by the M1 with superb public transport links and parking is available close by.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available with a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is fifteen years and began in 2015 at a cost of only £317 per week. This includes the three bedroomed first floor accommodation which our client currently sub lets for £277 per week - this almost completely covers the rental cost of the entire property.

STAFF
The business is currently operating with three members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS
Yummy Yummy has traded well for many years. We are advised that the business has annual turnover of £208,000. Full financial details are available upon viewing.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business occupies a superb trading position on a busy main road and is close to a large residential community. There is plenty of scope to develop the business further with the introduction of longer opening hours and days. A new owner may also benefit from a strong social media presence and advertising campaign. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Yummy Yummy operates from the ground floor of a spacious, end terraced property. The business is well branded with large signage which is displayed above a fully glazed frontage – this is fitted with metal roller shutters for added security. Inside, the takeaway offers seating for eight and has a bespoke wooden servery counter to the rear. Behind the counter is a large, fully equipped kitchen fitted with stainless steel preparation unit, extraction system and much more. There are also two large storage areas. To the rear is an off road parking area for staff and a refuge area.

Within the first floor of the property is a self contained three bedroom flat. This is currently let out and generates an income of £1,200 per month.



Fixtures & Fittings:
Till
Bain Marie
Stainless Steel Prep Unit
Extraction System
4 Ring Hob Oven
Fridges
Freezers
Tables
Chairs



Weekly Rent:
£317 Per Week. Weekly Rent:
£317 Per Week.
Seller Details
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Listing Details
Leasehold Price: £79,995
Tenure: Leasehold
Sector: Sandwich Shops
Financials
Annual Turnover: £208,000
Location Statistics
What's nearbyi:
City of London Police (approx. 0 mile)
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Scarlet Apt (approx. 0.2 mile)
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St. Botolph's Orthodox Church (approx. 0.5 mile)
Jamie's Bar (approx. 0.5 mile)
giligun (approx. 0.5 mile)
Listing Statistics
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The data showed regarding this advert 'Well Established Takeaway & Accommodation London - 6787 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.