Pizza and Chicken Restaurant & Takeaway Business for Sale

 South Harrow, HA2
Asking Price £250,000
  • 3 Bedrooms
  • 1 Bathrooms
  • 1 Reception Rooms

Property Information

  • Reference number glenmore_1921697138-glenmore-NEW_1593784253
  • Property Type Restaurant
  • Furnishing Furnished
  • Tenure Leasehold
  • Sale classification Below Market Value
  • Current Occupant Vendor
  • Full Double Glazing Yes

Location

South Harrow, HA2

Features

  • Remaining Lease over 19 years
  • Weekly Sale of over £9000
  • Annual Rent £32,000
  • Next Rent Review 2023
  • Rates £4500 - advised
  • Rental Income from Flat £19,200 PA
  • Free parking facility front of shop
  • Ina busy shopping parade

Property description

Location: South Harrow, Middlesex, UK

Asking Price: £250,000.00

Turnover: £9,000 Weekly

Net Profit: Available on request

Business: Glenmore are excited to offer a  Pizza and Chicken restaurant and takeaway business which comes with a 3 bedroomed flat located above. The flat can be rented out independently which would easily cover 60% the complete rent of the entire building resulting in very Low rent for the main business.

Our client has requested we place the business on the market under normal valuation levels to achieve a quick sale.

The restaurant is currently run as a successful “fast food takeaway business” with good reviews from its delivery partners and customers.

We understand the business is being run to suit the health concerns of our client, current average weekly sales reached over £9,000 per week. The turnover is split evenly between walk in customers and deliveries.

We advise investigating any of the following areas to instantly boost current turnover levels

· Offer one website deliveries to reduce current delivery commission levels.

· Extend the opening hours.

· Offer a lunchtime meal offer.

· Offer a local customer loyalty scheme.

· Offer own deliveries.

· Extend or amend the current menu.

Location The Pizza Restaurant and Takeaway occupies a good location trading positions along the Northolt Road, South Harrow.

South Harrow is a large suburb in the London Borough of Harrow in Greater London.

Northolt Road is a Two mile long with Flats, Office Buildings, busy parade of both independent retailers, cafes and takeaways as well major high street brands such as Sainsbury’s, Costa Coffee, Boots, William Hill and main banks/building societies such as Barclays, Santander .

The South Harrow Underground station is only few minutes’ walk from this business premises.

There is both limited parking spaces directly in front of the business as well plenty free parking in the neighbouring streets too.

Premises Ground floor - Dining space with tables and chairs on left- and right-hand walls, easily allows for 12 internal covers

Main kitchen - includes 2 X Henny Penny Pressure Fryer, Chips fryer and dump, 2X kebab Grill, 2X Henny Penny Grills, Chicken display unit, Pizza Dough Mixer, Naan Oven, Pizza oven, fridge, chest freezer, stainless steel prep tables, 2nd stainless steel prep sink units

First Floor - Living room, kitchen, bathroom, 3 X double bedroom, (currently let out at £1,600 per calendar month)

Rear External - Bin store

Premises: circa 60 sq. m. (As per EPC)

Tenure: We are advised the business is being offered as a Leasehold with 19.5 years remaining on a 20 year renewable lease paying just £32,000 per annum, business rates payable are currently £4,500 per year.

Hours: Monday to Sunday - 7 Days – 11am - 11pm

Staff: The business is run and managed by our client with the help of 3 full time and 1 part time member of the team.

Viewings:

Early viewings highly recommended. Strictly by prior appointment. Please call the commercial department on 0208 904 5040.

Disclaimer:

These particulars are prepared for the guidance of prospective purchasers. They are intended to give a fair and overall description of the property and do not constitute the whole or any part of an offer or contract. Any information contained herein (whether in text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. Any plans provided by the agents and/or with the sales particulars are intended for guidance purposes only; we cannot guarantee the accuracy and scale of any plans, and they do not form any part of the sales contract.

Money laundering regulations: To comply with money laundering regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer. We ask for your cooperation in order that there is no delay in agreeing the sale.

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