Busy Takeaway Restaurant On Kent High Street Location For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £100,000 with a gross profit of £72,000. (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 couple or partnership.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides Free Home Delivery of Kebabs, Burgers and Fish and Chips. It also has 26 restaurant covers and a full take away service.

History
Phoenix Business Transfer Agents are delighted to place onto the market this very busy Take Away and Restaurant which has been established since 1980. The business has been in the hands of the current owner since 2006 and now wishes to sell.

Services
This very good business opportunity provides Free Home Delivery of Kebabs, Burgers and Fish and Chips it also has 26 restaurant covers and a full take away service.

Staffing
The concern employs 4 staff.
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
As far as competition is concerned there is another similar business some 1/4 miles away.

Market
The client base consists of locals passing and tourists.

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 morning.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.
• Increasing the home delivery service and possible outside catering.

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 £104,000 with a gross profit of 73%. The wages are £800/PW. The present value of the stock is £2000.
The potential turnover of the business within the next 2 years is forecast to reach £190,000 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20 years with 9 months remaining. The rent is £18,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £5000.

Leasehold rent:

£18000pa per annum

Location:

- Situated in the very busy High street area of Ashford in Kent.
- Prominent location on the High Street.
- Part of a parade of shops and Take away which is part of the High street.
- Excellent parking facilities to the rear and front.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- Very High levels of passing trade with a weekly street market and Night clubs in the evening.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area with many Restaurants and Takeaways.
- Well linked with London by high speed rail.
- Ashford International Rail Station, M20, Channel Tunnel all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and is part of a parade of shops and Restaurants. The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is very conveniently laid out and has undergone refurbishment over the last 18 months to a high standard. The restaurant has 26 covers. The customer service point is to the rear. There is an overhead menu. There are customer toilets.
To the rear is a store room, a large walk in freezer and a preparation area. There are toilets.

FIRST FLOOR
On the first floor there is large room that is used as a store room/office area.

EXTERNAL
To the rear is a open yard and parking for 3 cars.

Business Operation

Expansion potential:

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 morning.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.
• Increasing the home delivery service and possible outside catering.

Competition / Market:

As far as competition is concerned there is another similar business some 1/4 miles away.

Reasons for selling:

wishes to sell due to moving away.

Trading hours:

Monday 11.30 to 3.00am Sunday/Tuesday/Wednesday 11.30am to 1.00am
Thursday/Friday/Saturday 11.30am to 3.00 am

Employees:

The concern employs 4 staff.

Years established:

31years

Other information

Support & training:

The original length of the lease was 20 years with 9 months remaining. The rent is £18,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £5000.

Furniture / Fixtures value:

£30,000 (included in the asking price)

Inventory / Stock value:

£2,000