Following a post lockdown investment and refurbishment circa £30K July 2020, Baker Payne are pleased to re-offer For Sale, the Leasehold of this busy hot food takeaway and delivery business situated in a lovely location, with 6 bedroom accommodation above, and multiple income streams. Listed to the market just prior to Covid19, the business has undergone a recent grant and capital expenditure. The take away and delivery trade has remained and in fact increased during pandemic times.
Located on a popular, desirable, and leafy urban street in Buckhurst Hill, the area has an attractive village amenities hub and bustling main street with parking. Benefiting plenty of small, local, and boutique style businesses there is a large residential catchment to the surrounds. As a large commuter belt area on the London Borough / Essex borders, Buckhurst Hill has a population of around 10,000 people of which one third are under the age of 25. Central London is within easy access via Buckhurst Hill Tube (Central Line), or by road circa 19 miles.
The premises offers a well appointed and maintained Leasehold property of a decent size with natural flow, and comprising, 2 fully equipped stainless steel trade kitchens over two levels with extraction, plenty of ancillary areas, dry stores, covered outside storage area with walk in freezer unit, wash-up, prep, and staffing areas, on multiple levels. To the rear and above, is a large 6 Bedroom accommodation over 2 floors, currently split into assured short hold tenancy studio lets with self contained access from the rear, including rear vehicle access and parking.
The current business set up offers different income streams and is potentially a decent investment, or could be altered to fit a more 'hands on' owner operator. A busy hot food takeaway and delivery business offering Asian Fusion cuisine served from 2 kitchens, with a diverse menu from Thai, Sushi, and Indian food, to Grilled Chicken. The delivery services are extremely popular, making use of EPOS and Digital till technology from 'Just Eat' and 'Uber Eats'. We are advised that the current income streams being received, are derived from the following (subject to occasional fluctuations)
Income from studio lets £2900 PCM with 5 fully let on assured short hold tenancies (room 6 usually remaining spare as a staff rest room)
Kitchen 1 - has a weekly turnover of around £2500 to £3000 per week
Kitchen 2 - is sub let on a license, at £650 PCM.
The overall property is held on a long leasehold term of 20 years from 2009, L&T protected and renewable, sublet provision within, subject to an annual rent of £25,000 pa. inclusive of all management fees. EPC Rated E.
This business and or property was viewed and valued by Richard Payne (m) 07864 054440 who will be pleased to discuss the opportunity in greater detail. Full sales information on request.