Restaurant for sale

Broad Street, Worcester, Worcestershire

£550,000

Property Description

Full description

IDEAL TAKEAWAY/ RESTAURANT - WORCESTERSHIRE
Situated in the bustling city of Worcester
Well equipped and presented throughout
High amount of regular and repeat trade
Scope to further develop the business
Advised annual turnover of 170,000
Ideal for a first time buyer
Genuine reason for sale
Walk in condition
FREEHOLD

Location
This superb takeaway/ restaurant is situated on a shopping high street in the bustling city of Worcester, Worcestershire. The business is surrounded by complimentary shops, residential properties, leisure facilties and much more deriving much of the businesses trade. Worcester is a truly beautiful city and a highly desirable business and residential location. The city and county have a wealth of fascinating, beautiful and exciting places to visit from the Majestic Cathedral on the banks of the River Severn to Royal Worcester Porcelain's Museum. Worcester is easily reached via the M5, the A4440, the A44 and the A449 making commuting easy for anyone who wishes to visit.

Business History
Meridian Business Sales are delighted to offer to the market this brilliant takeaway/ restaurant which was established by our client in 1976. The only reason this ideal business is being offered to the market is due to our clients desire to take a well deserved retirement.
Since the business was established our client has built up a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade.
Our client informs us that annual turnover currently runs at 170,000 which is derived from the sale of traditional fish and chips, kebabs, burgers, pies, pasties and much more.
Our client has invested time and money into the business and premises to the point where it is in full walk in condition.
The business is fully equipped throughout and is being sold with all fixtures and fittings included in the sale which is a huge plus for a new owner as additional funds will not need to be spent on modernising for many years.
The business has been run at a pace to suit our clients lifestyle meaning that there is scope for a future purchaser to further develop the business by introducing longer opening hours.
This is an excellent opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
Financial Profile

Turnover: 170,000pa
Stock approximately: 5,000

Tenure
We are advised Freehold

Opening Hours
Monday: 11:30am - 8:00pm
Tuesday: 11:30am - 8:00pm
Wednesday: 11:30am - 8:00pm
Thursday: 11:30am - 8:00pm
Friday: 11:30am - 8:00pm
Saturday: 11:30am - 8:00pm
Sunday: CLOSED

Accommodation
Well signed property briefly comprising:
LOWER GROUND FLOOR
Large cellar area
GROUND FLOOR
Secure entrance leading to:
Serving counter
Stainless steel food display cabinets
Drinks fridges
Seating area (24 covers)
Kitchen/ prep area
Fryers
Cookers
2 x W.C
FIRST FLOOR
3 x bedroom flat comprising of:
Lounge area
3 x bedrooms
Bathroom

Nearest stations

  • Worcester Foregate Street (0.2 mi)
  • Worcester Shrub Hill (0.7 mi)
  • Malvern Link (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 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

  • Worcester Foregate Street (0.2 mi)
  • Worcester Shrub Hill (0.7 mi)
  • Malvern Link (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 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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