Fast Food Restaurants for sale in London

View the "Kebab and Grill Franchise Takeaway - 45 Covers - Approx. £6500PW TO" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 A great tool to sell without the huge estate agent fee and a partial refund for a quick sale!  

S. Campbell (April 2016)
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Leasehold Price: £125,000 Price Reduced Annual Turnover: £338,000
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Business Description
ORE are delighted to offer this leasehold franchise kebab takeaway business for sale in a highly sought after area of East London. Property is sitting among in a Parade of shops close proximity to schools, bus stops and Underground Stations. Business is fully functional and operating seven days a week and opening hours are 11.30 -23.00. There are 45 seating capacity. Vendors are looking for a premium in region of £150,000 for leasehold interests. This business has lots of potential in right hands.

Property Description
The property consists of front retail area with 45-seater capacity and well defined and branded service counter. This is then followed by storage, kitchen and preparation area with further facility in the basement which is currently used as offices.

Business Description & Takings
The business currently caters for kebab and grill cuisine and benefits from a strong residential following within the local community.

The business benefits from overhead flues, heated display cabinets, display fridge, fridge and freezer units, dough mixer, pressure fryer, chip scuttle, display gas grill, display coal grill, four burner gas donner kebab grill, 2 tandoor ovens, rotisserie chicken, and other ancillary kitchen utensils and necessities.

Oakville Real Estates have been advised that the current taking of the business is currently around £6,500pw (unverified).

Opening Times & Staffing
Currently the opening times are Monday to Sunday 11:00 to 23:00. The business is currently being facilitated by staff.

Tenure & Lease Terms
The property is held by a Full Repairing and Insuring lease for a term of 21 years; and benefits from an unexpired term of approximately 20 years. The lease is subject to 3-yearly rent reviews. It is understood that the lease is granted inside the Security of Tenure Provisions of the Landlord and Tenant Act 1954, part two as amended.

The passing rent is currently £21,000pa. It is advised that any interested parties make their own enquiries in to the business rates that are applicable.

The owner is seeking a premium of £150,000 for the leasehold interest, fixture and fittings, and goodwill of the business

Legal Costs
Tenant to pay a reasonable contribution towards the landlord’s solicitor’s costs.

Viewings Arrangements
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090.
Tenure: Leasehold

Listed by: Oakville Real Estates
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