Property description
An exciting opportunity to acquire a Chinese Takeaway in the pretty North Devon town of Bideford. Ho Sams is extremely well equipped and spacious. To be offered with a new negotiable length lease.
THE LOCATION
Ho Sams is situated in North Road which connects with the end of Bridgeland Street and Mill Street, two of Bidefords busiest streets. Bideford is a popular market town with a population of 17'700 (2011 census data) and also benefiting from an influx in tourists over the Summer months ( April to October)
THE PROPERTY AND CONSTRUCTION
Ground floor premises briefly comprising of a Shop front / waiting area, kitchen, prep room, court yard with storage sheds.
THE PROPOSAL
Our clients are inviting offers for a new negotiable lease length with a rent of £9'000 per annum with an upfornt payment of £7500 for equipment Fixtures & Fittings.
THE BUSINESS
Ho Sams Chinese Takeaway is a family run and established takeaway business for over 25 years. It was run primarily by the husband and wife but they are helped by family and part time members of staff. The business trades 6 nights a week. The 2014 accounts show T/O at £84K with a gross profit 66% and a net profit of £28K. Recent trading has been affected by the owners family commitments. 2012 figures show a T/O of £102K with a gross profit of 64% and a net profit of £33K. We feel there is a large scope to increase T/O with regular opening times. This can be further enhanced by offering a delivery service. The current owners have be unable to offer this although many customers ask. PLEASE NOTE; Due to a sale falling through this business hasn't been operating since October 2015.
Property Comprises of:
Serving Area - 15' 4'' (MAX) x 17' 4'' (4.67m x 5.28m)
The waiting area is tiled with large menu displayed on wall. Small counter to rear left hand side. The service area provides access to the kitchen and also has a small serving hatch.
Main Kitchen - 8' 10'' x 12' 3'' (2.69m x 3.73m)
The main kitchen consists of a large commercial 5 ring gas hob/ workstation, a large Barlett commercial oven with a 6 gas rings. There a several head high commercial fridges by various manufactures, sink, stainless steel serving station and large industrial extractor unit. The kitchen also provides access to a small sub kitchen and the prep are which is to the rear.
Sub Kitchen - 4' 9'' x 9' 11'' (1.45m x 3.02m)
A small section of the main kitchen that houses 3 rice cookers, a head high commercial fridge and some shelf and storage areas.
Prep Area - 5' 10'' x 15' 4'' (1.78m x 4.67m)
The prep area has more storage and shelving as well as some work surfaces. This are leads onto the courtyard.
Courtyard and Storage Area
Outisde Courtyard area. This area provides access to 2 storage areas and a W.C.