LEASEHOLD FISH AND CHIPS/CHINESE TAKE AWAY, SWINDON WILTSHIRE
Price:
Leasehold - £90,000
Location:
Wiltshire , Swindon
Business Type:
Food Service Businesses
The particular highlights of the business are:
• Ideally located concern for its type of business.
• Sold with 2 bedroom accommodation above business.
• A well established business.
• Good loyal clientele and established client base.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £1,700 per week with a gross profit of 65%. (See financial summary below).
• A business with great potential which has not been exploited because the owner has had personal problems.
• An easily run operation.
• A fully managed business.
• Good loyal well trained staff.
• Would ideally suit owner/operator.
Phoenix Business Transfer Agents are delighted to place onto the market this very well operated Fish and Chips and Chinese Take Away which is very well established. The business has been in the hands of the current owner since 2007and she now wishes to sell due to family commitments.
This very good business opportunity provides high quality Fish and Chips and a Chinese take away service.
The concern employs one full time Manager who runs the whole business. In addition there is another full time staff member. They will stay with the business. The total wages are £500 per week.
The Owner has no role in the business which is totally run by the manager.
The owner markets the business in the Yellow Pages and Thomson directory as well as in local press and is on the local Swindon website.
The client base consists of locals and regular customers, although there is some passing trade.
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.
• With an owner operator net profit will be higher
• The opening hours can easily be extended, increasing turnover.
• Increase the product line to include Pizzas and Kebabs.
The owner would be available for a business familiarisation period of one week 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.
Financial Details
The turnover is £1,700 per week with a gross profit of 65%. The wages are £500 per week. The present value of the stock is £2,000 and the fixtures fittings and equipment are worth £20,000.
The potential turnover of the business within the next 2 years is forecast to reach £7-8,000 per week 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.
This superb business opportunity is situated in Swindon, in Wiltshire. The location is close to the town centre in a busy and densely populated residential area. It is on a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is easy access to the shop which also has free parking outside.
Swindon is well linked with the M4 and the A420 and the railway station is close to the town centre.
The original length of the lease was 15 years with 13 years remaining and a review in 3 years. The rent is £15,000 pa. The rates are £1,000pa.
The business operates from Monday to Saturday between pm to 11pm and Thursday to Saturday lunchtimes
The property is terraced and is situated on a corner plot. It has a branded shop front and a tiled floor. The large range is 8 years old and well serviced. The overhead menu is very extensive.
To the rear is a fully equipped kitchen and staff facilities.
First Floor
On the first floor there is a 2 bedroom with a lounge and separate access.
North Yorkshire
£ 750,000
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