Shernhall Street, London, E17

Location

his corner-location takeaway benefits from excellent visibility and heavy foot traffic, strategically positioned 0.7 miles from the nearest train station and 0.3 miles from the closest bus stop.



The surrounding area boasts residential buildings, local businesses, four schools, and three colleges, ensuring a steady stream of walk-in and online customers throughout the day. Additionally, the absence of nearby late night competitors within a 3-mile radius makes this a unique and lucrative opportunity.

Premises

Trading from a prominent corner position with serving hatch and door leading into:-

Kitchens

Two kitchens measuring approx 14'4 x 13'3 & 15'6 x 9'6 fully equipped to trade for an extensive menu with equipment including:-

11 small under-counter freezers

- 6 tall freezers

- Steam fryer

3 countertop fridges

- Large wok with 8-pan machine

- Additional fryer

- Hanny Panny

- Griller

- 3 microwaves

- Coffee machine

- Panini maker, toaster, and warmer

- 4 tall fridges

- further catering equipment and utensils as required.

Basement

Approx 23'5 x 15'4

Stairs from ground floor to basement with reduced height celling. The basement is mainly used for storage.

Door to WC with low level WC and wash hand basin,

Turnover

We are advised the business makes an adjusted net profit in the region of £180,000 further financial information can be disclosed to seriously interested parties on meeting the vendor.

Staff

The business was run by owner for the last 8 years before his decision to franchise the business for the last year.

The business is now mainly staff ran. further details of staff are available upon request.

Trading Hours

Monday - Sunday 6am - 3am

Tenure

Leasehold renewable lease with approx. 7 years remaining at a rental of £15,000 per annum.

Further Potential

With around 30,000 new flats under construction in the area—20,000 in the initial phase and a further 10,000 to follow—there is substantial potential for business growth. These developments will drive increased footfall, presenting a valuable opportunity for expansion. Additionally, the new owner can introduce an extended menu, further enhancing revenue potential.

Business Rates

The Business has rateable value of £7,600

We understand that with business rates relief, there are no business rates to pay.

Legal Costs

Each party to pay their one legal costs involved in this transaction. Landlords costs are to be split 50/50

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.