Restaurant/cafe for sale in Queens Road, Nuneaton CV11

Leasehold Peri Peri Chicken Takeaway & Restaurant Located In Nuneaton Town Centre
Newly Fitted & Fully Refurbished
Ref 2865

Location
This respected leasehold Peri Peri Chicken Takeaway & Restaurant is located in Nuneaton town centre. Situated within a prominent and highly visible trading position on Queens Road which is opposite the Ropewalk Shopping Centre. The town offers an array of large retailers, bars and restaurants and is easily accessed by the A444 and is 0.5 mile from Nuneaton Train Station. The town has been awarded £13m which will be spent on the regeneration of Abbey Street which part of the 2.3 hectare development with new leisure facilities, retail space, a food hall and cinema will be created alongside 30 new homes, new office space, education facilities, a hotel and carpark to create a vibrant new destination in the busy town centre where people can eat, meet, drink, shop, live and work.

Leasehold Asking Price: £99,950 plus sav (£1,500)

Business Description
Veritas Business Sales are privileged to offer to the market this delightful Per Peri Chicken Takeaway & Restaurant which is located in Nuneaton. The current owners over 8 months transformed the premises into what you see today back and opened the doors back in March 2022. They are now reluctantly offering the business due to unforeseen personal circumstances.
Since ownership they have undertaken total refurbishment, redecoration and they have installed brand new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Peri Peri Bros is overseen by the owner but operated daily by a team of 2 full time & 1 part time members of staff. The turnover is circa £3,600 per week with approximately £2,000 from walk-in trade and the remaining £1,600 deriving from the on line portals Just Eat, Uber Eats and Deliveroo. They serve peri peri chicken, wings, burgers, wraps, fries, wedges, sides, vegetarian options, deserts and soft drinks.
We believe that when the new Abbey Street development is finished the turnover will increase significantly by the increase in footfall being driven to the area. The business in a short time has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a fully fitted takeaway where all the hard work has been done and comes with further potential, which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday - closed
Tuesday - Sunday -11:00am - 11:00pm

Leasehold
Original term: 15 years
Remaining: 14 years
Reviewed: 5 yearly
Rent: £12,750 pa
Business rates: £500 pa

Ground Floor
Takeaway comprising: Tables & chairs to cover (12), serve over sales counter wit 2 x epos till systems and 4 digital menu display monitors.
Kitchen comprising: Coffee machine (Jura), stainless steel table, portable stainless steel table with storage below and a 3 shelf food warming display cabinet, chip scuttle (Infernus), single basket deep fat fryer, dual basket dep fat fryer, chicken fryer (Henny Penny), stainless steel food holding cabinet, chargrill & griddle, extraction canopy, stainless steel chicken steamer (Falcon), 5 tier metal storage racking unit, saladette with 2 door undercounter fridge (King), stainless steel 3 tier table, stainless steel table, 5 pot wet bain-marie, electric breading table, 2 door fridge (Polar), 2 door freezer (Polar), insect zapper, stainless steel double sink drainer with directional hose, hot water boiler (Ariston), stainless steel wash basin and wall mounted paper towel dispenser.
Staff W/C with wash basin and storage area.
Side entrance door/fire exit and stairs leading to the first floor.

Electric roller shutters to the frontage.

First Floor
Storeroom with chest freezer (Haier).
Kitchen with sink drainer, base units, tumble dryer (Indesit) and washing machine (Beko).
Bathroom with shower, W/C and wash basin.
Single bedroom with storage cupboard.
Lounge.

EPC Rating E