Long Established Takeaway with Separate Living Accommodation
Price:
Leasehold - £125,000
Location:
Essex , Romford
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 £130,000 pa with a gross profit of £78,000 (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 couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides an Indian Takeaway service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this long establish take away which has been established since 1989. The business has been in the hands of the current owner since inception and he now wishes to sell due to retirement.
Services
This very good business opportunity provides an Indian Takeaway service.
Staffing
The concern employs 4 staff and the wages are £41,700.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of locals 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 product line.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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.
The present annual turnover is £130,000 with a gross profit of £78,000 and a net profit of £31,000. The wages are £41,700. The present value of the stock is £1000.
The potential turnover of the business within the next 2 years is forecast to reach £185,000 pa 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.
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 busy area of Collier Row in Romford.
- Prominent location on main arterial road.
- Part of a parade of shops which is part of the local shopping area.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by 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 Romford by road.
- Romford Main line station lies 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 20 years with 20 years remaining. The rent is £18,500 pa with a review in 5 years. The rates are £1,200.
Monday to Sunday: 5.30pm - 11.00pm
On the first floor there is 1 bedroom, living room, large kitchen diner, bathroom and toilet.
The flat has a separate entrance and could return a rental income.
North Yorkshire
£ 750,000
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