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• High turnover takeaway business.
• Strong delivery element of circa 65%.
• Highly reputable business with excellent feedback.
• Ample pull in street parking and good road links.
• Potential to increase delivery areas.
• LEASEHOLD £125,000 plus stock at valuation.
We are verbally informed that the property is held on a 10 year lease from 2018. The current rent is £6,000 per annum with a break clause and rent review at the 5th anniversary.
£6,000 per annum
This business is located on a busy retail parade which fronts onto Elswick Road, being the main route running through this highly populated residential area.
The premises are approximately 2 miles due west of the city centre with excellent road links which helps support the strong delivery side of the business. There is free on street parking for any collection or passing trade.
This business was established by our client from vacant premises approximately 2 years ago and the unit was fitted out and equipped at that point.
The business has developed quickly in the last 24 months trading strongly on the quality of its product and the service levels. For such a high turnover trading operation the social media feedback is particularly strong. The menu currently comprises burgers, kebabs, pizzas and chicken options.
The business is represented on Just Eat, which as you would expect, brings in very strong levels of trade. There is also a Facebook page where the menu and special offers are listed and this promotion can drive direct phone enquiries into the shop. This helps reduce the commissions and ultimately increases profitability.
The accommodation comprises a ground floor retail unit with return frontage;
Takeaway Area circa 28.3 sq.m. (304 sq.ft.) with an extraction system, sales counter, kebab stick, pizza ovens, griddle, fryers and chip scuttle.
Kitchen / Prep Area circa 10.7 sq.m. (115 sq.ft.) with worktops, fridges, freezers and shelving.
Monday - Sunday 3.00 p.m. – 11.00 pm
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