Business Summary

Description :-

Oakville Real Estates are delighted to offer this leasehold franchise kebab takeaway business for sale in a highly sought after area of Leyton. Property is sitting among in a Parade of shops close proximity to schools, bus stops and Underground Stations. Business is fully functional and operating seven days a week and opening hours are 11.30 -23.00. There are 45 seating capacity. Vendors are looking for a premium in region of £150,000 for leasehold interests. This business has lots of potential in right hands.

Property Description :-

The property consists of front retail area with 45-seater capacity and well defined and branded service counter. This is then followed by storage, kitchen and preparation area with further facility in the basement which is currently used as offices.

Location & Surroundings The property is located very close to the A12 which benefits from fantastic transport links via public and private transport. The business is very close to an Underground station which develops a considerable amount of footfall.

The surrounding areas are densely built up with residential property which results in a high demand for local trade. The takeaway is surrounded by local businesses including solicitors, estate agents, post office, and local pubs.

Business Description & Takings :-

The business currently caters for kebab and grill cuisine and benefits from a strong residential following within the local community.

The business benefits from overhead flues, heated display cabinets, display fridge, fridge and freezer units, dough mixer, pressure fryer, chip scuttle, display gas grill, display coal grill, four burner gas donner kebab grill, 2 tandoor ovens, rotisserie chicken, and other ancillary kitchen utensils and necessities.

Oakville Real Estates have been advised that the current taking of the business is currently around £6,500pw (unverified).

Opening Times & Staffing :-

Currently the opening times are Monday to Sunday 11:00 to 23:00. The business is currently being facilitated by staff.

Tenure & Lease Terms :-

The property is held by a Full Repairing and Insuring lease for a term of 21 years; and benefits from an unexpired term of approximately 20 years. The lease is subject to 3-yearly rent reviews. It is understood that the lease is granted inside the Security of Tenure Provisions of the Landlord and Tenant Act 1954, part two as amended.

The passing rent is currently £21,000pa. It is advised that any interested parties make their own inquiries in to the business rates that are applicable.

Premium :-

The owner is seeking a premium of £150,000 for the leasehold interest, fixture and fittings, and goodwill of the business

Legal Costs :-

Tenant to pay a contribution towards the landlord’s solicitor’s costs.

Property Details