Pappas Takeaway, 185 Union Street, Torquay, United Kingdom, TQ1 4BY

Pappas Takeaway has fantastic potential for a new owner to put their own stamp on an established takeaway business that has been in operation for 41 years. Situated on the main high street with two large windows for advertising and a central access door. Being on a busy high street there is a high level of footfall day and night to take advantage of. The business uses both 'Food Hub' and 'Just Eat' for added revenue. The property is available for both a leasehold or full freehold purchase.
In addition to the operating areas on the ground floor the property also includes living accommodation on the first floor which is ideal for an an owner operator.

Torquay is a popular seaside resort town on the English Riviera in South Devon. Known for a fabulous coastline and great beaches such as Babbacombe and Cliffside Oddicombe. Torquay is a popular tourist destination both during the summer and winter months. Situated near the town centre and numerous businesses, bars and late clubs.

This property is positioned in the centre of the high street, an ideal location to take advantage of the passing foot traffic along with easy on street parking for collections.

The property is spread over three floors and is deceivingly spacious. Two large display windows and central entrance door. The main trading area is open plan and has two serving counters where orders are taken. With duel pizza oven, kebab heaters and fryers, fridges and display storage. There is also a main kitchen on the lower ground floor along with spacious preparation area, two storage rooms and rear access.

The first floor has two bedrooms, living area and shower room. At the rear of the property you will find the off road parking.
This property and business has bundles of untapped potential for a new owner to make it their own.

We are advised that all of the fixtures and fittings are to be included in the sale of the business.

There is a private off street parking space at the rear of the property.

Two bedroom apartment on the first floor, with living room and shower, plus the added benefit of a parking space to the rear.

This takeaway business would suit an owner operator and is an excellent opportunity for a new owner to build upon the foundations laid down by the current owner over the last 15 years.
There is potential to increase turnover and profit by increasing the opening hours. Offered as both a leasehold option or a full freehold property.

There is no staff to transfer with the business.

Trading information supplied by our client for a period of April 2022 - March 2023 show sales of £388,598 per annum and a gross profit of £118,724 which indicates a turnover of £7,473 per week.

Monday to Sunday 5pm to 2am.

Freehold

Leasehold option available with a rent of £16,000 per annum - includes business premises and apartment.

The rateable value is £5,900.