Leasehold Takeaway in South Wales with Accommodation
Price:
Leasehold - £99,950
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 £140,000 pa with a net profit of £36,400 (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 or business partnership
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Kebabs, Pizza, Wraps, Jackets, Fried Chicken, Chips, Desserts and Soft Drinks with a good range of Extras and Side Dishes with a free delivery service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Takeaway which has been established since 1999. The business has been in the hands of the current owner since March 2011 and he now wishes to sell due to a business partnership break up.
Services
This very good business opportunity provides Kebabs, Pizza, Wraps, Jackets, Fried Chicken, Chips, Desserts and Soft Drinks with a good range of Extras and Side Dishes with a free delivery service.
Staffing
The concern employs 2 part-time and 2 full-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business via the Just Eat website.
Competition
There is no local competition.
Market
The client base consists of local residents with high volumes of 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 open hours to include lunchtime trading.
• 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.
- Situated in the High Street area of Barry in South Wales.
- Prominent location on main arterial road.
- Part of a parade of shops
- Excellent free 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 A4050, A4055 and A4232.
- Cardiff, Bridgend and Penarth all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area
The original length of the lease was 15 years with 15 years remaining. The rent is £9,600 pa with a review in 2016. The lease may be renewable or negotiable for longer term if required. The rates are £800.
Sunday to Thursday: 4pm – 12am.
Friday to Saturday: 4pm – 2am
On the first floor there is a 2 bedroom apartment with living room, bathroom and kitchen with independent access.
North Yorkshire
£ 750,000
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