We are delighted to offer for sale this successful take-away and outside catering business located in the heart of Norwich, Norfolk. With an excellent reputation and a high weekly turnover, this business presents a fantastic opportunity for an investor or entrepreneur looking to enter the thriving food service industry. Having recently opened an outside catering side to the business, this is generating an additional c.£8,000 weekly, benefiting from several resident positions at well known businesses within the region. The sale includes the benefit of the leasehold, goodwill, fixtures, fittings, and equipment, with stock payable in addition upon completion at valuation.
THE BUSINESS
This highly regarded take-away is known for its outstanding customer reviews and excellent reputation. The business operates with minimal owner involvement, supported by a dedicated and experienced staff of 14 members working in rotation. It features a well-equipped kitchen and an in-house delivery team to ensure efficient service and customer satisfaction. The business also boasts a 5-star food hygiene rating, further enhancing its appeal.
Included in the sale is the more recently launched catering side of the business, which is currently generating a turnover in the region of £8,000 per week. The catering business has established pop-up residencies, with further annual agreements in place. Additional events are booked throughout the year, ensuring a steady stream of income and visibility for the established brand.
PREMISES
The take-away is housed in a leasehold property with a 20-year lease term starting from October 2019. The rent is competitively priced at £18,000 per annum, with reviews every four years. The business benefits from Small Business Rate Relief, resulting in nil rates payable. The premises are fitted with modern equipment and designed to support a high volume of orders, including online ordering through the business’s own app and website.
ACCOMMODATION
Included in the sale is a spacious 3-bedroom, 2 storey duplex flat above the take-away, offering comfortable living accommodation. This provides an excellent opportunity for an owner-operator to reside on-site or to generate additional rental income.
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ADDITIONAL INFORMATION
AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.
CONFIDENTIAL SALE: This listing is confidential at the vendor’s request. In order to release further information on the business – including the business name, location and the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required. We have used our office postcode for this listing to protect the confidentiality of the business name and location, as online platforms require a valid postcode to market a business or premises.
REFERENCE NUMBER: R35745E.
OPENING HOURS: 5:00pm to 10:00pm Monday to Sunday. Licence to open until 12:00pm.
TENURE: Leasehold for a term of 20 years from October 2019.
The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the lease.
RENT PAYABLE: £18,000 per annum with rent reviews every 4 years.
RATES PAYABLE: Nil. We are advised that the business benefits from Small Business Rate Relief.
This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.
STAFF: 14 total staff in rotation.
EPC: The Energy Performance Certificate shows a ‘C’ rating and a score of 53.
PRICE: £275,000.– PLUS STOCK AT VALUATION.
For the benefit of the leasehold/freehold, goodwill of the business, fixtures, fittings and equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.
VIEWING: Strictly by appointment only, please get in touch to make an appointment.
FINANCE: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.
BUSINESS TO SELL: Thinking of selling your business? That’s our business!
If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.
PREMIER MARKETING: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.
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DISCLAIMER
1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets, flooring or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
