ALMOST RENT FREE FAST FOOD AND TAKE AWAY BUSINESS WITH UPPERS FOR SALE IN EAST LONDON WITH REFERENCE CS0693

Reason for Sale: Other commitments and a young family.

OVERVIEW:
Opportunity to acquire a successful business known for its delicious menu and loyal customers. The premises include a one-bedroom flat above, which is currently rented out. The business has a modern dining area with 12 seats and the option for 4 more seats outside during the summer. The premises are fully equipped and in excellent condition. Currently, the menu includes items like burgers, wraps, and pizza.

POTENTIAL: The new owner could expand the menu to include a slush machine, desserts which is popular in kids as lots of schools and universities nearby, as well as items like shish kebabs, doner kebabs, and more.

The business enjoys heavy foot traffic, ensuring a steady stream of potential customers and consistently receiving high ratings for food and service.

TURNOVER: £10,000 per week

FURTHER POTENTIAL: The business is on delivery platforms like Uber Eats and Just Eat, but there is great potential to start its own delivery service. The business also has a website that is currently under maintenance. Additionally, a new university is just open nearby, along with a new comedy center which has been just newly built up and bringing lots of attraction to the business, both of which are likely to attract more customers and boost business growth.

RENT: The shop and upper flat are combined under a lease with a total rent of £22,800 per annum. The shop’s rent is £20,800, which is effectively making the shop rent-free. The new owner also has the opportunity to increase the rent annually.

RATES: Small business rates relief.

TENURE: Leasehold – 15 years remaining under landlord tenancy act.

SIZE: Approximately 840 sqft total
* Shop floor: approx. 320 sqft
* Kitchen and wash area: approx. 220 sqft
* Storage area: approx. 300 sqft

TRADING HOURS:
* Sunday to Wednesday: 12 PM – 12 AM
* Thursday to Saturday: 12 PM – 2 AM

ADDITIONAL POTENTIAL: The business has a license to stay open until 3:30 AM and the new owner can serve breakfast early in the morning, which could further boost sales.

EQUIPMENT LIST:
* Dough mixer
* 4 Freezers
* 2 Henny Penny fryers
* Chip dryer
* Chicken warmer
* Pizza rollers
* Toasters
* 1 large chiller
* Warming drawer
* Pizza oven
* And other necessary equipment

All equipment is in excellent condition.

The asking price is £225,000, which includes all fixtures, fittings, and all the above equipment.