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Restaurant/cafe for sale in Station Terrace, London NW10 - Zoopla

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Restaurant/cafe for sale
Station Terrace, London NW10
£285,000
 

Description

Ref 6561 – Leasehold Chicken Cottage & Kebab Cottage Franchise
Blacks Brokers are pleased to bring to the market this leasehold Chicken Cottage & Kebab Cottage franchise located in the much sought-after area of Kensal Rise, London.
Introduction

Chicken Cottage & Kebab Cottage Kensal Rise has been trading on Station Terrace since 2003 with our client in ownership since 2008. The first Chicken Cottage restaurant was opened in Wembley, North London in 1994. It is now one of the fastest growing British franchise opportunities. The specialty menu was devised to be a bit different from the traditional fast food. The food is fresh, halal, highly convenient and affordable. It has proved to be a rapid success with the growth of multiple restaurants around the country and overseas. A new owner will receive full franchise support and training; however the business is not in contract and can leave the franchise to re brand as another business if preferred.
Location

The business is located on Station Terrace in Kensal Rise in North West London, this is within very close proximity of Kensal Rise tube station which is fed by major bus routes. Parking is available in the surrounding areas. This area of London is extremely busy with many local businesses and large multiples including Tesco Express.
Reason for sale

The business is ideally suited to a hands-on owner-operator but our client is looking for a less demanding business proposition. 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. The current lease is twenty years and began in 2008 at a cost of £1,057 per week including rates.
Staff

The business is currently operating with two full time and two part time members of staff in employment. Our client is also working on a full time basis.
Financial details

Chicken Cottage & Kebab Cottage Kensal Rise has traded solidly since opening and generates impressive takings on a consistent basis. We are advised that the business currently has annual turnover of £624,000. If the buyer wishes to continue with the Chicken Cottage franchise branding, a one off licence fee of around £7,500 will be payable along with a fixed monthly royalty fee of £240. Full financial details are available upon viewing.
Business rates

Rates are included in the lease and rent payments. However, purchasers should enquire with relevant local authorities to confirm the rates payable.
Summary

This leasehold business is very well established and has the support of a large, reliable franchise. The business is also positioned within a busy and popular area of London with a high amount of footfall. 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. Business: £285,000.

Please quote ref: 6561 View more View less
Blacks Business Brokers
0161 937 5978
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UKInternational LOCATION:
ALL Detached Attached Bungalows Park Homes Flats Land Newbuild
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