Description
PRICE REDUCTION!
This well-located café and takeaway specialises in piri piri chicken and serves only Halal produce. Located in a busy area on a main road with good level of passing trade and footfall it attracts plenty of passing trade as long as regular customers. The café has been recently renamed and rebranded by its current owner and the business is responding well, and is ideally positioned for a new owner to take it forwards.
The reason for the sale is that the owner wishes to focus on other business interests.
Business Characteristics:
The café has recently been refurbished by the current owner who has improved the décor, the kitchen area and invested in new cooking equipment. The business sale includes all equipment, fryers, cookers including a full commercial kitchen capable of preparing a wide selection of Indian food.
In addition to serving the speciality piri piri chicken, there is also a small selection of Indian food available.
Relationships with Deliveroo and Uber Eats have recently been established and all point of sale systems are in place.
Financial Details:
Turnover is in the range of £3,000 to £4,000 per week. It includes takeaway, eat in and delivery (Deliveroo, Uber Eats).
The business is subject to a 10 year lease at a rate of £2,000 per month. Business rates are £516 per month. Utilities bills are approximately £350 per month.
Currently 3 staff work in the business and are paid per hour. The owner oversees the business but is not involved full time. Total wages amount to approximately £800 per week but this can variy depending on demand.
The total size of the premises is 1,600 square foot. As well as a fast food serving counter there is internal seating for 12 people.
The business has A6 permission in place. Opening hours are until 1am in the week and until 3am on Friday and Saturday plus bank holidays.
Competitive Overview:
The business is well located on a busy high street where there is a good selection of different shops and small businesses. It is in a popular residential location served by good commuter links into central London.
Potential purchaser:
This opportunity would suit a business owner with experience of running fast food outlets who is looking to add a strong additional business to their portfolio. It would also suit someone venturing into the sector for the first time.
Asking price of £100,000 (a portion of the purchase price could be deferred, subject to negotiation)
PLEASE NOTE:
Financing may be available for qualified buyers.
For additional details or to arrange to view the business, please contact Transworld Business Advisors UK on +44 (0) 1372 540 989 or via email at laburmeileh@tworlduk.com
To arrange for a viewing or for any other enquiries, please get in touch!..
Listing Details
- Listing Number: 62394-168011
- Location: Greater London, England
- Price: 85,000
- Down Payment: 0
- Sellers Discretionary Earnings: 0
- Category: Restaurants
- Inventory: 0
- FF&E: 0
- Employees: 3
- Years Owned:
- Reason for Selling: Relocation
Business Listed By:
- Ibti Hasan
- Phone: +44 (0) 1372 540 989
- Email: ihasan@tworlduk.com