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Established Chicken Shop In Southend-on-sea For Sale

Southend-On-Sea, Essex, UK
Asking Price:
£350,000
Turnover:
£624,000
Net Profit:
Undisclosed

Established and well-performing chicken shop in Southend-on-Sea, generating weekly turnover of approximately £12,000–£13,000 and vendor-advised weekly profit of £4,000–£5,000.

The business occupies approximately 3,013 sq. ft. in a prominent trading position and is described as the only chicken shop in the immediate area. It has been successfully operated by the current owner for approximately five years, with the vendor bringing more than 25 years of industry experience.

There is significant scope for further growth, subject to the necessary consents. The substantial premises may offer potential to be subdivided into two units, while the existing menu could be expanded to include pizza and kebabs to potentially increase turnover. Current trading hours are 11:00am–11:00pm.

The premises are held on a 16-year lease with approximately 15 years remaining. Annual rent is £27,000 + VAT, with rent reviews every five years. Business rates are approximately £7,000, subject to purchaser verification with the Council. The landlord's legal fees will be split equally between the seller and purchaser.

Inquiries are invited for further information or to arrange a viewing. Viewings are strictly by prior appointment, and staff are currently unaware of the proposed sale.

Property Information

Property:

Leasehold

Lease Terms:

16 years, with approximately 15 years remaining

Leasehold Rent:

£27,000 per annum

Premises Details:

Furnished commercial premises occupying approximately 3,013 sq. ft. in a prominent trading position in Southend-on-Sea. The premises are held on a 16-year lease with approximately 15 years remaining. Rent is £27,000 + VAT per annum, with rent reviews every five years. Business rates are approximately £7,000, subject to purchaser verification with the Council.

Size in square feet:
3,013 sq. ft.

Business Operation

Expansion Potential:

Potential to subdivide the premises into two units and expand the existing menu to include pizza and kebabs, subject to the necessary consents.

Competition / Market:

Described as the only chicken shop in the immediate area.

Reasons for selling:

The vendor has decided to pursue alternative opportunities and has no successor to take over the business.

Trading hours:

11:00am–11:00pm

Years established:
Approximately 5 years under the current owner