For Sale
Exceptional Impressive Takeaway
Westcliff on Sea, Essex
- Asking Price: £79,995 +SAV
-
Turnover:
The seller has advised the turnover is £6000 per week. Further financials can be provided on request.
The assets being sold with the business are worth in the region of £25,000.
For Further Information please contact Hilton Smythe quoting reference B04782
- Tenure: Leasehold
Please Quote Reference B04782
Hilton Smythe welcomes to the market Crunchy Chicken Tasty Ribs, known locally as Crunchy.
The business that was established in the mid 1990’s and owned by our client since 2006. Our client is now looking forward to retirement.
Crunchy is a takeaway offering a variety of food including chicken, pizza, kebabs, ribs, burgers, desserts and drinks.
Having been established in the area for some time there is a regular customer base plus many others from out of the area.
In the summer of 2018 Crunchy became a member of Just Eat and has 5/6 reviews from 957 votes, Just Eat brings in approximately £2,500 per week turnover.
The business also has 4.4/5* rating on Google, has a Facebook page and offers free home delivery.
There are several reasons to buy Crunchies including:-
• Long established business
• High footfall location
• A member of Just Eat
• Menu prices could be increased
• Consideration should be made to open earlier for the breakfast market
Hilton Smythe highly advise early viewing to avoid disappointment.
The business is run and managed by our client, with the help of 3 part time members of staff.
Monday to Thursday: Noon till 11pm
Friday to Saturday: Noon till Midnight
Sunday: 3pm till 11pm
There are no restrictions on the Lease regarding opening times and consideration should be made to opening earlier for the breakfast market.
Crunchy Chicken Tasty Ribs, locally known as Crunchy, is located in a busy shopping road in Westcliff on Sea, Essex.
The thriving shopping street leads down to the seafront and has 2-hour free parking directly outside.
Crunchy is located in a high footfall area within Westcliff, which adjoins Southend and is a densely populated town which has an extended population of workers and tourists.
Westcliff and Southend are easily accessible via A127 which leads to M25.
Double opening doors to the foyer area with 3 tables, tiled floor, menu boards, door to the staff area and access to the counter.
The door from the foyer leads to a lobby with a door to the staff toilet and a door to the serving area.
Behind the counter is a drink’s display fridge, fridge and freezer.
Behind this area is:-
• A two-tier chicken hotplate
• Chip dispenser
• Double fryer
• 2 kebabs
• Ban marie
• Barbeque
• All with industrial extractor fans over
Also, within this area is a double pizza oven, undercounter fridge with preparation area over, walk in chiller.
From here is a door to the storage area with chest freezers, sink, racking and access to the rear courtyard.
Tenure
We are advised the business is being sold as a Leasehold business opportunity.
The 15-year Lease was signed in 2016 and has an annual rent of £12,500 which is paid quarterly.
Rates are currently in the region of £1500 per annum.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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