Fast Food Restaurants for sale in Harrow

View the "Award Winning Leasehold Fish & Chips in London" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Ian McGregor (Nov 2013)
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Leasehold Price: £95,000 Price Reduced Annual Turnover: £250,000 Annual Net Profit: £80,000
Request Details
Business Description
Ref: 13223
Price: £95,000

Location
We are pleased to place onto the market this excellent business for sale which is based in Harrow. It is situated on the main arterial road through the area and is a very busy road, enjoying lots of traffic and pedestrians. There are schools close by as well as a very densely populated residential area. All the major banks and High Street businesses are all close by and there is also a Sainsbury. There are paid parking bays outside the area.

Business Details
There has been a fish and chip shop on this site for over 15 years and the Owner wishes to sell due to health issues after trading for over 9 years. It has had £80,000 or so spent on refurbishments only 2 years ago.

It serves traditional fresh fish and chips as well as other popular items such as masala fish and home made fish fingers and offers a delivery service. It is an award winning concern which employs 2 full time staff and one part timer. The owner is hands on in the business on a part time basis.

The business is on Just Eat which brings in over £1,000 per week. They also deliver leaflets locally and are registered on hungry house. It has very recently been refurbished to a very high standard with a new grill included and therefore an extended menu.

As part of the sale price the Owner would be available for an extended training period as well as consultancy to ensure a smooth handover if required.

Trading Hours
Monday to Sunday: 11 am - 11 pm.

Financial Details
The present annual turnover of the business is £250,000 with a gross profit of 65% and EBITDA of £80,000. The Owner is happy for any potential buyer to come and spend time in the business to understand finances. The wages are around £700 per week.

Property Details
The ground floor consists of a large glass fronted unit with a large and new range. There is a branded overhead menu, and there are six covers. To the rear there is the kitchen, spading area and staff facilities. The equipment and fixtures and fittings are worth well over £40,000.

Tenure
The present lease was for 30 years, with 19 years left, with an automatic right to renew. The rent is £16,500pa and a new lease may be negotiated if required. The rates are £4,500 pa.

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Em-Pwr Business Brokers Ltd The information contained herein has not been verified by Em-Pwr Business Brokers Ltd. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. Furthermore any representations made by any representative of Em-Pwr Business Brokers Ltd regarding this business are subject to verification and should be independently corroborated.
Tenure: Leasehold

Location Details:

Location
We are pleased to place onto the market this excellent business for sale which is based in Harrow. It is situated on the main arterial road through the area and is a very busy road, enjoying lots of traffic and pedestrians. There are schools close by as well as a very densely populated residential area. All the major banks and High Street businesses are all close by and there is also a Sainsbury. There are paid parking bays outside the area.

Leasehold Term:

Tenure The present lease was for 30 years, with 19 years left, with an automatic right to renew. The rent is £16,500pa and a new lease may be negotiated if required. The rates are £4,500 pa.

Listed by: Em Pwr UK
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