For Sale

Turn Key Takeaway Business With Accommodation

Nottingham, Nottinghamshire

£84,995 +SAV

Ref: B04815

Contact sales negotiator

James Cunliffe

01204 556 300

Email James Cunliffe

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Description

Hilton Smythe welcomes to the market the well renowned Olympic Takeaway in Netherfield, Nottingham.

The business has been operated by the current owner for over 11 years in which time the business has built up an enviable reputation for quality and service within the surrounding areas and due to retirement this truly rare and exciting opportunity has now become available.

The business serves a delicious range of takeaway staples including Fish& Chips, Kebabs, Pizza’s, burgers and jacket potatoes and offers the new operator a chance to increase the turnover by tweaking the food offering further and introducing the much-requested delivery service to maximise the huge potential this site has.

The current operator has continued investment within the business with 2 recently serviced pan burners being only a couple of years old and all the existing equipment in first class condition therefore requiring little additional investment.

The site has the benefit of first floor central heated accommodation with a separate entrance ideal as either family or staff accommodation (or to let out separately at £500 pcm creating an additional income stream) enabling the new owner to open for longer as well as opening on a Sunday, which with the introduction of the much-requested delivery service would increase the turnover of this business significantly.

The site has the added benefit of seating to the front of the main counter with additional space to serve hungry revellers.

The Olympic is a turn key business opportunity with huge growth potential with the added benefit of spacious accommodation to the first floor with separate access.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £12,000 per annum including first floor accommodation with 6 years left on a 21-year lease.

Hours

The opening hours are currently 12.00 am to 11.00 pm Monday to Saturday, the site is closed on Sunday.

Staff

The business is run and managed by the current vendor with 1 x part time staff.

Financial Profile

We are advised the business is currently turning over in the region of £190,000 per annum trading limited hours.

There are currently no business rates payable.

Location

Situated on the High Street in a sought-after town centre location in Netherfield, Nottingham.

The site is just a short stroll from the train station and is easily accessible on foot and by all modes of transport in and out of the town centre and sits within a strong trading position with plenty of footfall and passing trade.

Premises

Ground floor town centre trading location.

• Main service counter
• Additional customer seating to the front
• Hot food display units
• Salad and drinks chillers
• 3 x Kebab Spits
• 2 x Pan Burner
• 2 x Pizza Oven, with stainless surround and extractor over
• Burger grill
• Bread grill
• Microwave ovens
• 2 x Chipper machines
• Hot food storage units
• Stainless steel food preparation counters
• Walk in refrigerator
• Stainless steel fridge freezer
• Additional fridge freezer units
• Rear food preparation and office area
• Chipping room with potato storage
• Additional rear store room with ground floor toilet facilities
• Access to the side yard with separate street entrance

First floor apartment

• 2 x Double bedrooms
• 1 x Living Room
• 1 x Kitchen Diner
• 1 x Bathroom with WC

Separate side access out onto the Main Street.

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