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Well-Known Takeaway Newport Town Centre For Sale

Newport, United Kingdom
Asking Price:
£79,950
Turnover:
£76,450
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market this very busy takeaway/café, run by the current owners for over a year and have built up the business very quickly, with the turnover increasing year on year. Our clients now look to pursue other business interests. The original Boomers was established over 30 years ago and the name is very well known in the area.

The great benefit of the business is that it caters for a wide range of cuisines offering fish and chips, pizza, Chinese, Indian, kebabs and more, giving it great versatility to attract a very wide range of customers.

The property has internal seating; however, most trade is taken away. The business also features on JustEat a popular delivery site. The premise has an alcohol license, which is offered for food delivery orders.

The takeaway is well-established in this location and boasts a generous amount of repeat loyal custom. This turn key opportunity comes fully equipped; Hilton Smythe highly advise early viewings.

Location
Ramji@Boomers is situated in the centre of Newport, close to all local amenities, benefiting from high volumes of walk in trade.

Newport is a busy cathedral and university city in south east Wales. It is located on the River Usk, approximately 12 miles north east of Cardiff. At the 2011 census Newport was the third largest city in Wales, with a city population of 145,700.

The M4 motorway is very close, giving easy access to all surrounding towns and cities.

Premises
Ramji@Boomers is situated in the centre of Newport, close to all local amenities, benefiting from high volumes of walk in trade.

Newport is a busy cathedral and university city in south east Wales. It is located on the River Usk, approximately 12 miles north east of Cardiff. At the 2011 census Newport was the third largest city in Wales, with a city population of 145,700.

The M4 motorway is very close, giving easy access to all surrounding towns and cities.

Tenure
We are advised that the business is being sold as a leasehold opportunity.

20 year open lease.

Rent £10,000 per annum.

Hours
The current owners inform me that the business has a license for opening Monday-Sunday 10am to 3am. However, they currently open as follows:
Monday – Thursday: 12:00 p.m. to 2.00 a.m.
Friday & Saturday: 12.00 p.m. to 3.00 a.m.
Sunday: 3.00 p.m. to 11.00 p.m.

Staff
The business is currently run by the owners and some part time staff.

Financial Profile
The accounting information shows a turnover of £76,450 for the year ending 2016 and a gross profit of 52%.

However, we are informed by the vendors that this is continually improving for 2017 as the business becomes more established and grows. Current takings are as much as £3,500-£4,000 per week.

According to the VOA website the current rateable value is £7,200, however the owners inform me that they benefit from small business rate relief so only pay approximately £200 per annum.

Property information

Property:

Leasehold

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