The Fixtures, Fittings, Goodwill and Leasehold Interest of this well established, popular and profitable Fast Food Business is available for sale (Lease will be considered).
The premises are fully equipped and fully operational, a business which is capable of generating income for an incoming operator from Day One of takeover.
ACCOMMODATION: (Areas and dimensions approximate)
Shop 58 sq m
Store 16 sq m
Staff Toilet Facilities
EQUIPMENT: The premises are fully equipped, a detailed Inventory will be agreed and noterised between the Vendor and incoming operator at the time a transaction is agreed.
STOCK: At agreed cost valuation at the time of Business takeover (Stock levels can be adjusted to suit the incoming operator.
TRADING FIGURES: Trading figures are available, these will only be made available on an Accountant to Accountant basis, interested principals will be asked to provide their nominated Accountant.
VIEWING: Strictly by appointment through Agents.
PREMISES LEASE: A new Lease may, subject to Landlord Approval, be provided to an incoming operator, on agreed terms, at a rental of £7440 per annum, exclusive of Rates, for the premises only.
LEASE OF BUSINESS (if not sold): The Vendor will consider leasing the Fixtures and Fittings and Goodwill of the business, but only on a ten year Lease basis, with the Tenant responsible for maintenance/replacement, etc., of the equipmenty during the term of the Lease, at a rental of £7,200 per annum (£600 per month). This is in addition to and separate from a Lease of the premises. At the end of a ten year Lease, the equipment and business would revert to the Tenant.
NAV: The NAV of the premises of Renting premises of Rating puposes is £3,700, precipitating a Rates Burden for 2018/19 of £2,776.79 (the premises may be eligible for Small Business Rate Relief).
Status: For Sale
Offers Around: £59,950
Stamp Duty: £0*
* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.