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Freehold Indian Takeaway Located In Nuneaton Town Centre For Sale

Nuneaton, Warwickshire, UK
Freehold Price:
£265,000 Furniture / Fixtures included
Leasehold:
£25,000 Furniture / Fixtures included
Turnover:
£156,000
Net Profit:
Available on request

Freehold Indian Takeaway located in Nuneaton town centre. Self contained three bedroom accommodation above. Lease option available. A3 consent. Suits many cuisines.

Veritas Business Sales are privileged to offer to the market this delightful Freehold Indian Takeaway which is located in Nuneaton town centre. The premises were built in circa 1960 and has traded as a fish & chip shop restaurant and takeaway for most of that time. Our client purchased the property back in February 2021 and has transformed it into what you see today. The first floor restaurant has been converted into a self contained three bedroomed flat. Reluctantly this is now being offered for sale due to health reasons.
Since ownership they have refurbished, redecorated and installed brand-new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Joy Indian Takeaway has been trading for 2 months now and already produces a weekly turnover of circa £3,000. Approximately £500 per week is walk in trade and deliveries via their own website and the remaining £2,500 comes from the on-line portals Just Eat and Uber eats. The menu offers the usual classic Indian curries with some house specialities.
We believe that a new owner could expand the current business or change the cuisine should they wish. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a newly fitted takeaway with further potential which is a great base to build upon and as such early viewing is highly recommended.

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

Rent £16,000 pa (ground floor & flat)
Lock-up shop only rent £9,600 pa

Living Accommodation:

First floor
Door leading into a hallway. Kitchen /diner with combination boiler (Biasi), washing machine (Hotpoint) and fridge/freezer (Beko). Bathroom with bath and shower over bath, W/C and wash basin.
Double bedroom.
Double bedroom.
Double bedroom.
Lounge
The flat benefits from its own gas/electric meters, gas fired central heating, UPVC double glazing and new laminate flooring.

Location:

This Freehold Indian Takeaway is located within a prominent and highly visible trading position on Bond Street, Nuneaton. The town is the largest town in Warwickshire with a population of over 86,552 and offers an abundance of large retailers and an array of bars & restaurants which bring high levels of footfall to the area. The (A444) is nearby which gives easy access to the M6 motorway which links you to all major motorway networks. Nuneaton is 8 miles (13 km) north of Coventry, 18 miles (29 km) east of Birmingham, 16 miles (26 km) south-west of Leicester and 103 miles (166 km) northwest of London.

Premises Details:

Ground Floor
Takeaway with sales counter and seating for (12).
Staff W/C with wash basin and hot water boiler (Ariston).
Kitchen comprising: 8 burner Indian cooker with oven, 2 x deep fat fryers, 3 x stainless steel tables, clay tandoori oven, extraction canopy, stainless steel table with pass, large gas burner, microwave (Russell Hobbs), stainless steel shelf, stainless steel wash basin and hot cupboard. The walls benefit from stainless steel cladding.
Small storage cupboard with shelving and various pots & pans.
Storeroom with storage racking, upright Coca-Cola fridge, gas meter and electric meters.
Pot wash room with stainless steel double sink drainer, stainless steel table, metal storage rack, chest freezer (Hotpoint), chest freezer (Ice King), 2 door stainless steel fridge (Foster) and rear exit door.
The kitchen and pot wash area benefits from new non slip flooring.

External
Shared gated driveway with parking for (1) and metal stairs leading to the first floor flat.

Energy Performance Rating:
C

Business Operation

Trading hours:

Monday – Sunday – 5:00pm – 11:00pm

Other Information

Inventory / Stock value:
£1,000
Leasehold asking price:
£25,000 - Furniture / Fixtures included

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