For Sale
Highly rated Takeaway for sale
Smethwick, West Midlands
- Asking Price: £89,000 +SAV
-
Turnover:
Full financials can be made available upon further request.
Please quote reference B06658
- Tenure: Leasehold
Please quote reference B06658
The business is currently undergoing renovation
Hilton Smythe are pleased to have been given the opportunity to manage the sale of this great takeaway which is well-established with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
This business was founded over 20 years ago, and the current owner has run it successfully and lucratively for the last 3 years. The business has been a real labour of love for him accruing many regular customers and a great reputation.
The business is now being sold, albeit reluctantly and with a heavy heart only due to the vendor's ill health. He is keen to see his beloved food delivery service passed to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
The business prides itself on the quality of its food which is freshly prepared on the premises using local ingredients wherever possible. The extensive menu includes;
- Pizzas
- Kebabs
- Burgers
- Pasta
- Chicken
- Side orders
- Salads
- Drinks
- Desserts
The sale will include the company website and Facebook page and the business enjoys great visibility on the internet.
The sale of the business includes -
- 2x Fridges
- 4x Freezers
- 1x Electric oven
- 1x Till
- Fully fitted CCTV
- 1x Walk in fridge
- Table and chairs
- 1x Tv
- 1x Pizza oven
- 1x Grill
- Advertising and marketing campaign
- Maximise the use of social media particularly Twitter and Instagram
- Extend the opening hours
- Introduce new products to the current food offering
- Introduce a loyalty/card scheme
- A well-established business with an enviable reputation and many existing customers
- Ideal owner managed or partnership business
- All fixtures and fittings included making this a real Turnkey business opportunity
- Current owner happy to offer a handover to ensure the continued success
This great little business is likely to attract considerable interest.
We are advised that the business has 2 full-time and 2 part-time members of staff.
The business hours are -
Monday – 12:00pm – 12:00am
Tuesday – 12:00pm – 12:00am
Wednesday – 12:00pm – 12:00am
Thursday – 12:00pm – 12:00am
Friday – 2:00pm – 02:00am
Saturday – 2:00pm – 02:00am
Sunday – 12:00pm – 12:00am
This business is prominently positioned in a main road position in a densely populated residential area which comprises a mix of property types including owner occupied, private rented and local authority.
The business is beautifully presented and maintained with clear visible signage and distinctive livery. There is free on-street parking not far from the business.
The business is located in a modern double-fronted, ground floor commercial premises with several tables and chairs, main customer service area with kitchen to the rear, and w/c facilities. The business was recently refurbished prior to lockdown and can be found in excellent all-around condition.
All fixtures and fittings along with all the equipment are to be included in the sale.
*** 4 bedroom Flat also included in sale of the business that currently has one tenant. With extra income of around £300 PCM
Tenure
We are advised that the business is being sold on a Leasehold basis, with 16 years remaining on the 19 year lease. The rent is £1,666 per month.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
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
Rates may differ as they are dependent on individual circumstances. Subject to status.
