Well Equipped Fried Chicken & Chips Business For Sale

Business description

SINGLE FRONTED MEDIUM SIZED PREMISES approx. 300 sq. ft. with new tiled floor, suspended ceiling with lighting. Counter, 1 computer for ordering.

Basement kitchen with non-slip floor, 2 Henny Penny chicken pressure cookers, deep fryer, 1 chip dump, 3 fridges, 4 chest deep freezes, double sink and drainer plus single stink etc.

Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 17 years unexpired at a rental of £25,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,600 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of a SELF CONTAINED MAISONETTE over with DOUBLE GLAZING is at present let on a shorthold tenancy and provides a rental income of £200 p.w. The accommodation comprises: 3 Double Bedrooms Bathroom with bath, w.c. and wash

Location:

Situated in a parade, excellent main road trading position, densely populated residential and commercial area, LONDON, N

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £4,200/£4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We understand approx. 10% of turnover is at present Indian Food plus Rice). Overall gross profit in the region of 65%.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Sunday - 11 a.m. - 12 midnight
Monday - Thursday inclusive - 11 a.m. - 1 a.m.
Friday & Saturday - 11 a.m. - 3 a.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.