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

£150,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Takeaway for sale

Key features

  • Thriving takeaway business
  • Circa £7,475 per week, net profit of £71,480
  • Two bedroom accommodation
  • Excellent opportunity for hands on operator
  • Attractive seaside town
  • EPC rating - E (104)
  • Christie & Co Ref: 3262628

Description

Description

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.
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.

Location

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.

Internal Details

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.

Fixtures & Fittings

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

External Details

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

Owner's Accommodation

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

The Opportunity

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.

Staff

There is no staff to transfer with the business.

Trading Information

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.

Trading Hours

Monday to Sunday 5pm to 2am.

Tenure

Freehold

Business Rates

The rateable value is £5,900.

Energy Performance Certificates

EPC 1

Brochures

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

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Torre Station0.5 miles
  • Torquay Station0.7 miles
  • Paignton Station2.8 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 3262628-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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