Ref 5629 – Leasehold Takeaway Business
Blacks Brokers are proud to bring to the market this leasehold takeaway located in the popular and bustling Manchester City Centre.
Ritz Takeaway has been trading on Oldham Road for over 25 years, with our client in ownership since 2012. During that time it has firmly established itself within the local community, gained a large and loyal customer base and a superb reputation.
Oldham Road is a main Road close to Manchester city centre. The area is close to Ancoats and The Northern Quarter and is well linked by the M60. This busy main road leading in and out of the city centre is well used by commuters in addition to local residents and workers. The area also offers free parking close by.
Ritz Takeaway is only being offered for sale due to our clients other business commitments.
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is 7 years with rent reviews every 3 years. The current lease began in 2016 at a cost of £315 per week.
Ritz Takeaway is housed within the ground floor of a single fronted retail unit which is fully glazed. Branding is well displayed on large signage. Inside, the main servery area is well presented, with tiled flooring, stainless steel counter and menu boards displayed above. There is some preparation area behind the counter with the main food preparation and kitchen area to the rear in a separate space. The kitchen is fully equipped with good quality fixtures and fittings and is finished to a good standard.
Ritz Takeaway currently has five reliable, part time members of staff in employment, all of whom have been in employment for over 2 years.
Financial details are available upon a viewing of the business and Ritz Takeaway has traded solidly over its trading history. The business generates an annual turnover of £260,000 with strong 70% gross profits. Most customers are from the local area as one would expect, with plenty of additional trade from passers-by.
This leasehold business is well established and brings consistent weekly takings all year round. Ritz Takeaway already has a partnership in place with JustEat. There is plenty of scope to develop the business further with an individual online presence and social media following. 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 and are invited by appointment only.
Please quote ref: 5629