| (REF: R2452) Spacious Well Equipped Takeaway Fish & Chips Plus Restaurant |
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| Seller Reference: |
R2452 |
| B4S Reference: |
26883 |
| Asking Price: |
£99,950
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£182,000 |
| Number of Staff: |
3 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Essex, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : SPACIOUS PREMISES with wall and hanging lighting. Tables and chairs providing seating for 47 persons. 3-pan gas wall range, counter, electronic cash register, upright glass fronted drinks fridge (owned).
Fully tiled ladies and gentlemens cloakrooms each with w.c. and wash hand basin
KITCHEN with quarry tiled floor, half tiled walls, 2 double sinks plus 1 single sink, double fish fridge, 4-pot bain marie.
Potato preparation/store at rear with potato chipper and peeler, 3 chest deep freezes etc.
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease in respect of the Fish & Chip Shop with 2 flats over at a rental of £22,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (As will be appreciated with the rental income from the 2 flats currently of £13,200 p.a. the net rental payable at the present time is only £8,800 p.a. exclusive of rates).
Alternatively if the accommodation is not required the vendors, subject to satisfactory references, are prepared to grant a new 20 years full repairing and insuring lease in respect of the shop premises (excluding the accommodation over) at an initial rental of £15,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £1,600 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £99,950 plus STOCK AT VALUATON
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Included in the proposed new lease are 2 FLATS over:
Flat No. 1, at present let on a shorthold tenancy and providing a rental income of £650 per month, however, we understand that vacant possession can be given on completion, if required. The flat comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
Flat No. 2, also at present let on a shorthold tenancy and providing a rental income of £450 per month, comprises:
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
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Location: |
Situated in a parade, excellent trading position, ESSEX |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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5 days per week - Tuesday - Saturday inclusive - 11.30 a.m. - 9 p.m.
CLOSED ALL DAY SUNDAY & MONDAY |
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At present operated by the vendors son with the assistance of family. |
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