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Takeaway for sale

Tasty Bites, Warwick Terrace, Plumstead, SE18

£73,000

Property Description

Key features

  • Busy chicken takeaway
  • Advised weekly sales £2,200
  • Part of unit sub-let at £900pcm
  • Good trading position
  • Kerbside parking

Full description

Tenure: Leasehold

Plumstead is a district of South East London located in The Royal Borough of Greenwich and is located east of Woolwich and south west of Thamesmead.

The subject premises is situated just off the busy Plumstead Common Road, in-between a café and a row of terraced properties overlooking Plumstead Common. This is an area with a high density of properties and a school close by and therefore has a very good potential customer base. There are other mainly independent shops nearby on the Plumstead Common Road where busses frequently pass. Parking is available in surrounding roads with Woolwich town centre is approximately 1.5 miles away.


DESCRIPTION
The premises comprise of a ground floor lock up unit. There is a main sales area / cooking area of approximately 300 square feet with behind a storage / preparation room 145 square feet. There is a small rear yard and an outside staff toilet.

The business is that of a fried chicken takeaway which has been established in its current location since November 2012. Customer is drawn from the immediate residential area plus nearby schools. The business has a varied menu including burgers, chicken, meal deals, kids deals, side orders and soft drinks. The business is open to trade 7 days a week midday through to midnight and there are 2 working owners. We feel there is scope to increase sales by introducing a wider menu and offering deliveries.

We were able to discuss recent trading levels with the client who advised us that average weekly sales are in the region of £2,200.

TERMS
We understand that the premises is held on a 15 year lease from 2012. The passing rental is £12,000 per annum subject to 5 yearly reviews.
Premium for the business offers in the region of £73,000.

Part of this premises is separated and sub-let to a nail/beauty salon on a 3 year agreement which we understand commenced in July 2016. The rental income is said to be £900 per month.

RATES TBA

EPC RATING D

LEGAL FEES Each party are to pay their own legal costs

VIEWINGS STRICTLY BY PRIOR ARRANGEMENT WITH HUMMERSTONE AND HAWKINS


Energy Performance Certificates (EPCs)

Map & Street View

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