Restaurant/cafe for sale in Elthorne Way, Newport Pagnell MK16

£89,950
Restaurant/cafe for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Residential Trading Position
  • Accounts Available 30th September 2018
  • Annual Turnover £165,193
  • Gross Profit £91,988
  • Extensive Equipment
  • Excellent Reputation
  • Close To Local Pub
  • Neighbouring Tesco Opening Soon
  • 5* Food Hygiene Rating
  • Owner Operated/No Staff
  • Free Parking
  • Delivery Service In Place
  • Scope For Expansion Into New Cuisines
  • EPC - C

Property description

Ref 6646 – Leasehold Takeaway
Blacks Brokers are pleased to bring to the market this leasehold takeaway located in a busy area of Newport Pagnell, Buckinghamshire.


Introduction


Takeaway 4 U has been trading on Elthorne Way since 2013 with our client in ownership since 2017. The business is well known and has a good reputation in the area with a large base of regular customers and a five star hygiene rating. Our client has set up a comprehensive website with ordering system which is popular with regular customers and the business offers delivery throughout the Milton Keynes apart from Bletchley area. There are a number of good reviews noted on Just Eat and Google.


Location


This business is positioned within a well populated residential area with parking available immediately outside. The area is well linked by the M1 and A509 with superb public transport links and Milton Keynes Central within a short drive. Neighbouring businesses include a local pub and a Tesco Express is currently under construction.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments and lack of time, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a competitive rent on an External Repair Only lease. The current lease is a twenty year lease which began in 2006 at a cost of £385 + VAT per week.


Building layout and design


Takeaway 4 U operates from a spacious, single storey property with large patio area to the front. The business has striking branding displayed above a fully glazed frontage. Inside, the business is modern and well presented with tiled waiting area and large servery counter fitted with display ovens and till point. There is a preparation area and kitchen to the rear with excellent fixtures and fittings throughout, this includes pizza oven, two kebab rotisseries, stainless steel preparation units, range, potato chipper and much more. All areas have been finished well.


Staff


The business is currently operating with our client and two partners in full time employment.


Financial details


Takeaway 4 U has traded well during since opening. We are advised that the business currently has projected annual turnover of £165,193 and a gross profit of £91,988. This is the figure since our client took ownership in 2017. Full financial details are available upon viewing.


Business rates


The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This leasehold business occupies a superb trading position within a busy residential area with good transport links to maintain a large customer base. There is plenty of scope to develop the business further with the introduction of a new menu, marketing campaign and a stronger online and social media presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £89,950.

Please quote ref: 6646

Fixtures & Fittings

Drinks Fridge x 2

Heated Display Counter

Salad Display Fridge

Hopkins 3 Pan Range

Till

Toaster

Kebab Rotisserie x 2

Grill

Pizza Oven

5 Stainless Steel Work Tables

Stainless Steel Sink

Potato Chipper

Potato Peeler

Commercial Dough Mixer

Commercial Dough Slicer

Microwave x 2

Walk in Fridge

Walk in Freezer

Freestanding Fridge x 2

Freestanding Freezer x 1

Bain Marie

Remote Control Roller Shutter to Front and Rear


CCTV


Cook Tek Delivery Bag Warmer

15 Delivery Bags

Extraction System To Front & Rear

Gas Tandoori x1

Fastron Southern Fried Chicken Cooker

Shelving

Large Steamer Machine

Opening Hours

Mon - thur: 12:00 - 23:00
Fri & Sat: 12:00 - 00:00
sun: 13:00 - 23:00

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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