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Leasehold Mexican Takeaway in Royal Leamington Spa, Warwickshire for Sale

Royal Leamington Spa, Warwickshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    05/05/23

  • Advert ID

    512801

  • Reference

    2864 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £89,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Leasehold Mexican Takeaway Located In Leamington Spa

Leasehold Mexican Takeaway Located In Leamington Spa
Suitable For Different Cuisines
A5 Consent
Ref 2864

Location
This respected leasehold Mexican Takeaway is located in Royal Leamington Spa. Situated within a prominent and highly visible trading position on the Brunswick street. The immediate area offers other retail businesses along with industry and an abundance of residential properties, all of which bring high levels of footfall to the area. The town boasts wide boulevards, Georgian and Edwardian architecture, award-winning parks which provide a sophisticated backdrop to this Regency shopping paradise. Often described as 'the best bits of London, all in a ten-minute walk', Leamington town centre combines a treasure-trove of independent, specialist boutiques with all the national chains you would expect to find in a large city. With an impressive array of entertainment venues, a rich choice of restaurants and some of the country's best spas and salons, we're certain you will find it one of the most appealing towns in the UK.

Leasehold Asking Price: £89,950 plus SAV (1,000)

Business Description
Veritas Business Sales offer to the market this leasehold Mexican Takeaway which is located in Leamington Spa. The business has been established for 15 years and has been in the careful hands of our client for the past 4 ½ years.
Since ownership he has kept the premises in good order and there has been continual investment in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Casa Rica is owner operated with the help of 1 part time member of staff and a couple of delivery drivers. They serve quesadillas, nachos, loaded potato skins, wraps, tacos, burritos, chimichanga, enchilada, fajitas, chilli con carne, tortilla bowls, salads, burgers, fries, pizzas, sides, desserts and cold drinks. The weekly turnover is circa £6,500-£7,000 with approximately £1200 per week via Food Hub with the remaining £5,300-£5,800 deriving from the online delivery portals Just Eat, Deliveroo and Uber Eats.
We believe that the site lends itself to a variety of different cuisines should a new owner wish to change the food offering. This is a superb opportunity to purchase a fully fitted takeaway where all the hard work has been done, which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – Thursday – 5:00pm – 11:00pm
Friday & Saturday – 3:00pm – 1:00am
Sunday – 3:00pm – 11:00pm

Leasehold
Term: 15 years (New lease available)
Remaining: 11 years
Reviewed: 4 yearly
Rent: £9,360 pa
Rates: zero

Ground Floor
Takeaway area with serve over sales counter and EPOS till system.
Hallway with upright drinks fridge, storage racking and 2 x chest freezers.
Kitchen comprising: 2 deck pizza oven, griddle, 3 basket deep fat fryer, extraction canopy, 6 pot wet bain-marie, 5 pot wet bain-marie, stainless steel table, stainless steel worktop with 2 door undercounter fridge, saladette and understairs storage cupboard.
Preparation room with stainless steel dual sink with drainer, stainless steel wash basin, metal storage racking, hot water boiler (Ferroli), 2 x upright fridges, chest freezer, metal shelf, 2 x stainless steel tables, rice cooker, 2 x microwaves and wall mounted paper towel dispenser.
W/C with wash basin.
Numerous food warming bags are included.

External
Small yard to the side frontage.



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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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