Takeaway for sale

Hoe Street, London, E17

Leasehold £79,900

Property Description

Commercial information

  • Business for sale
  • Use class orders: A5 Hot Food Take away

Full description

Tenure: Leasehold

Century21 Romford is happy to present to the market this well-established pizza takeaway business, which is ideally located on Hoe street, Walthamstow. The business is only now being offered to the market due to our client's desire to concentrate on other business interests.

Our clients informed us the business currently generates a turnover in the region of 190,000/- per annum, with a gross profit of approximately 70%. Our client is currently dealing with Hungry house, Just Eat and Kukd. The property/lease also comes with a 1 bedroom flat that achieves a monthly rental of 1,150 per month which equates to a yearly income of 13,800 per annum.

The business has built up an excellent reputation within the area for the high quality of the food and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

The Premises
Operating on a single level trading floor of 700 sqft aprox and is fully equipped with all fixtures and fittings; included in the sale price. It also has a huge basement for storage purpose.The shop floor is modern and bright with all fridges, cold room, equipment and fittings included.The property/lease also comes with a 1 bedroom flat which is situated on first floor.

Financials and Price
The business is marketed at a very reasonable 79,900, It includes the goodwill, fixtures & fitting. Our vendor is aware that a new owner will need to lead from the front initially, or employ a manager to run the store hence the price reflects the vendor's wish for a speedy and uncomplicated sale. Our clients informed us the business currently generates a turnover in the region of 190,000/- per annum, with a gross profit of approximately 70%. The property/lease also comes with a 1 bedroom flat that achieves a monthly rental of 1,150 per month which equates to a yearly income of 13,800 per annum.

Rent: 20,400 per annum
Lease: 20 years (Open)
Rates: 0 per month
1 bedroom flat income: 1,150 PCM

Potential:
Although the business is currently turning over a healthy figure there is huge scope to boost this figure.There is scope to increase the turnover by extending the opening hours as the business is currently licensed until 5.00am. Currently it is opened till 1:00AM which could be extended. The business has alcohol license too which can further boost the income, currently our client is not selling alcohol.

This is an excellent opportunity for a new owner to take this already established business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Opening Hour:

The business is open:
Thursday-Friday-Satureday: 11:00AM - 3:00AM
Sunday-Monday-Tuesday-Wednesday: 11:00AM - 1:00AM



Nearest stations

  • Walthamstow Central (0.4 mi)
  • Walthamstow Queens Road (0.5 mi)
  • St. James Street (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Century 21 Romford, Romford - Commercial

2 Celtic Farm Rainham, RM13 9GP

01700 395047 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Walthamstow Central (0.4 mi)
  • Walthamstow Queens Road (0.5 mi)
  • St. James Street (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Century 21 Romford, Romford - Commercial

2 Celtic Farm Rainham, RM13 9GP

01700 395047 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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