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Takeaway, Restaurant & Accommodation - Southport For Sale

Southport, Merseyside
Asking Price:
£55,000 Furniture / Fixtures included
Sales Revenue:
£125,000
Cash Flow:
£20,000

Established Over 20 Years
Annual Turnover £125,000
Gross Profit £87,500
Three Bedroom Accommodation Included
5 Star Food Hygiene Rating
Superb Location on Busy Main Road
Opposite Busy Pub
Close To Businesses, Multiples & Schools
Good Online Presence
Excellent Reputation for Quality
Low Overheads
Immaculately Presented

REF 6396 – Leasehold Takeaway, Restaurant & Accommodation

Blacks Brokers are pleased to bring to the market this leasehold takeaway, restaurant and accommodation located in a densely populated and much sought-after area of Southport, Merseyside.

INTRODUCTION

Curry House has been trading on Liverpool Road for over twenty years with our client in ownership since opening. Our client established the business to fill a gap in the market for a curry house in this area of Birkdale. The business has become a well known and popular eatery within the local community with a large, repeat customer base. Curry house has a superb online presence with a comprehensive website in place and a good amount of trade is also generated by the partnership with Just Eat.

LOCATION

The business is located on a busy main road in Birkdale, which is the main road connecting Liverpool and Southport. It is positioned opposite a busy public house on a busy parade of shops with no direct competition close by. This area is densely populated with a number of schools, businesses and residential properties nearby. Southport Rugby Club is also close by along with The Royal Birkdale Golf Club and Bedford Park.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but will soon be operated by staff only due to the demands of our client's other business interests being higher than anticipated. Therefore, 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 a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. A new lease will be fully negotiated with our client upon completion of sale. This can run for 5-10 years, at a cost of £323 per week – this will include the accommodation within the first floor and attic.

BUILDING LAYOUT AND DESIGN

Curry House operates from the ground floor of a large, three storey, mid terraced property. The business has large signage on display above a fully glazed frontage. Inside, there is a takeaway servery and small restaurant area offering seating for 14 – this is very well presented with modern décor and lighting and excellent quality fixtures and fittings in place. To the rear of the premises there is a large, stainless steel kitchen which is equipped with tandoori oven, nine-ring gas burner, commercial upright fridge, freezers, hot cupboards and much more. There is also a small stock and storage room to the right hand side. CCTV is fitted throughout the business and there are two flat screen TVs in place and electronic tilling system.

The accommodation is positioned on the first floor, with three double bedrooms and a family bathroom. There is also a large attic room. The accommodation is accessed via the business. At the rear of the property is a private yard.

STAFF

The business is currently operating with our client working on a part time basis, supported by seven members of staff. This includes chefs and delivery drivers.

FINANCIAL DETAILS

Curry House has traded solidly during the last twenty years. We are advised that the business currently has annual turnover of £125,000 with gross profit of £87,500 and a net profit of £20,000. Full financial details are available upon viewing.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is long established and has a good base of regular customers and a superb reputation. Our client has secured good relationships with other local businesses and residents. There is plenty of scope to develop the business further with the introduction of an alcohol licence – at present, customers are able to bring their own alcohol. 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.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Thu: 17:00 - 23:00
Fri & Sat: 17:00 - 00:00
Sun: 17:00 - 23:00

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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