Overview
Description
RESTAURANT AND HOT FOOD TAKEAWAY
50 Cover Restaurant Closed at Present CURRENTLY OPEN JUST FOR TAKEAWAY.
Adjusted Net Profit in Excess of £100,000
Scope for So Much More Here
VIEWING IS ESSENTIAL TO APPRECIATE THIS CONCERN
Weekly Turnover £12,000 to £13,000
REF 588419. EPC Band C.
Business, £99,950
Scunthorpe
RESTAURANT AND HOT FOOD TAKEAWAY in Scunthorpe for Sale.
A reputable pizza takeaway with an attached restaurant (currently closed). CURRENTLY OPEN JUST FOR TAKEAWAY. This easily run, family business has been operated by our clients for six years and the premises underwent a refurbishment in 2019 at a cost of £60,000. The restaurant is currently closed but the fixtures and fittings remain, allowing for imminent re-opening. We understand the premises was licensed however this has now lapsed. Weekly Turnover £12,000 to £13,000. We understand that there is an uptick in orders during the winter months and takings can increase to approximately £15,000 and could be up to £20,000 if new owners were to open the restaurant and operate over seven days. CURRENTLY OPEN JUST 5 DAYS A WEEK. Year end accounts for 2021 show a operating profit in excess of £100,000 with a profit margin of around 35% to £40%. Our client chooses to take one month of holiday each year. There is substantial scope for growth with the re-opening of the restaurant and renewing the licence. The premises comprises of a customer waiting area, serving counter, takeaway preparation / kitchen area, main restaurant kitchen with almost brand new equipment, storage area and staff toilets. The restaurant is open plan with space for approx. 50 covers with a bar area and customer toilets. Located on the outskirts of the town centre opposite a large public car park which has two hours free parking and is free at weekends.
EPC Band C.
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