Leasehold Takeaway in a Busy Tourist Destination in Worcestershire PRICE RE
Price:
Leasehold - £60,000
Location:
West Midlands , walsall
Business Type:
Food Service Businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £100,000 pa with a net profit of £25,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Pizzas and Burgers.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Takeaway which has been established since 2011. The business has been in the hands of the current owner since 2011 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides Pizzas and Burgers.
Staffing
The concern employs 1 full-time and 3 part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business via residential leaflet drops and has a website on Yell.com.
Competition
As far as competition is concerned there are other similar businesses in this busy tourist destination.
Market
The client base consists of local residents with high levels of tourism and passing trade.
Opportunities
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.
• Increasing the opening hours to include Monday and lunch time trading.
• Increasing the product line to include fried chicken and kebabs.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period 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.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
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.
- Situated in the Bridge Street area of Stourport on Severn in Worcestershire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A451, A4025 and A449.
- Kidderminster, Droitwich and Bromsgrove all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
The original length of the lease was 15 years with 15 years remaining. The rent is £15,600 pa with a review in 2016. The lease may be renewable or negotiable for longer term if required. The rates are £740.
Tuesday to Sunday: 4pm – 10.30pm
Monday: Closed
On the first floor there is a very spacious and well presented 4 bedroom apartment with living room, kitchen and bathroom.
North Yorkshire
£ 750,000
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