Falconwood Parade, Welling, DA16

For Sale - £35,000

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  • Established Indian take away business for sale
  • Advised average weekly sales £2,400 (GP 40%)
  • Forms part of a busy neighbourhood shopping centre
  • All fixture and fittings are owned and included in the sale
  • Modest rent of £10,700pa / viewing advised

LOCATION:
Falconwood Parade is a busy neighbourhood shopping centre which is located within a densely populated residential area around a mile from Welling town centre and also the mainline train station. Other businesses within the immediate vicinity include a Co-op Food store, a news agent, an education centre, a bakery, a restaurant and other take away outlets.


DESCRIPTION:
This takeaway consists of a single unit in a well-established local parade of shops. The unit has a steel roller shutter blind to the front with a small reception area (215 square feet) incorporating the counter position in order to take takeaway orders. Behind this is a compact but open plan kitchen, which includes most of the cooking equipment, and utilities one would expect with an Indian takeaway. At the rear is access to a couple of store areas.

The Green Chilli has been owned and operated by our clients since 2003 and they are assisted in the day to day running of the business by one fulltime member plus 3 part time members of staff. The business is open 6 days a week (Closed Tuesday's) from 4.30pm through to 11pm. We understand that custom is drawn from the local community plus the business benefits from 'Just Eat', 'Hungry House' and 'Uber' online orders.

TRADING INFORMATION:
At the time of our inspection we were able to discuss rent trading levels with our clients and they advised us the average week sales were in the region of £2,400 and this is said to generate gross profits of approximately 40%.

TENURE:
We have een informed that the premises are held on a lease which ends in 2020 and at a current rental of £10,700 per annum.

A rental deposit will be required subject to status.

Our clients have advised us that they have had conversations with the landlord who would be open to grantng a new lease subject to references and terms being agreed.

EPC:
We understand that the EPC has been commissioned.

RATES:
We understand that the rateable value is £6,200 per annum with rates payable of £2,889.20 per annum. Interested parties are advised to make their own enquiries with the relevant council.

LEGAL FEES:
Each party are to be responsible for their own legal costs

VIEWING ARRANGEMENTS:
No direct approach may be made to the property / business. For an appointment to view, please contact the agent.

Hummerstone & Hawkins
144 Welling High Street
Welling, DA16 1TN

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.