• Sales circa £7,000 weekly with high profit margins.
• 50/50 collection and delivery split.
• Growing business with quality fixtures & fittings.
• Ample pull in street parking and good road links.
• Rare opportunity in a well-established food location.
• Leasehold £65,000 plus stock at valuation
- Asking Price:
- £65,000 Furniture / Fixtures included
- Turnover:
- £364,000
- Net Profit:
- Available on request
Property Information
- Property:
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Leasehold
- Lease Terms:
-
We are verbally informed that the property is held on a 15 year lease from 2010. The current rent is £18,000 per annum with 5 yearly rent reviews.
- Leasehold Rent:
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£18,000 per annum
- Location:
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The business occupies a self-contained ground floor retail unit forming part of a busy parade fronting onto the High Street. Gosforth is a sought-after residential suburb 2 miles north of the City centre and the easily accessible from the High Street and from the nearby car parks. The High Street is home to a mixture of multiples and quality independent shops plus a range of restaurants, pubs and coffee shops.
- Premises Details:
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This location is an extremely well-established hot food site and a takeaway of some description or the other has been trading from here for over 20 years. Our client trades as a Chinese / Japanese Takeaway and has been operating the business for the last 6 months and spent circa £20,000 on upgrading and refurbishing various aspects. There would be little for any new owner to attend to on takeover and viewing is recommended.
The business has a loyal customer base and, in spite of the strong levels of sales, does not use JUST EAT to generate delivery orders. The business has its’ own online presence which offers customers sight of the full menu together with an integrated ordering facility. The business could be adapted for alternative cuisines if required
- Energy Performance Rating:
- C View EPC Graph for this property
Business Operation
- Trading hours:
-
Mon /Wed /Thurs /Sun 5.00 p.m. - 10.30 p.m.
Friday - Saturday 5.00 p.m. - 11.00 p.m.
Tuesday Closed
- Employees:
- The business is currently run by our client with the help of 4 members of staff.
