Busy and Popular Fast Food Takeaway with Home Delivery
Newly refurbished & perfectly positioned with long lease
Ref.AF065 Location BerkshireAsking Price £ 170,000Confidential offered for sale | |
Asking price includes:
Prominently located in a very busy high street location
Gross profits of circa £125,000 per annum
Close proximity to high pedestrian traffic
Freshly prepared food and popular menu
Many years of successful operations
Sales of circa £250,000 per annum
Large number of repeat customers
Excellent opportunity to grow
Trusted and respected name
Leasehold property
Goodwill | | Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | Business profile: | This business was purchased by the Vendor a little less than a year ago and through his considerable efforts and investment has been refurbished and re-marketed with great success and grown since to become a popular and well known enterprise with a reputation for the quality of its hot food menu and clean, pleasant environment.
The business currently provides a popular menu of prepared hot meals that includes a wide range of Pizzas, Burgers and the classic British Fish & Chips.
The business operates from a prime high street location in a very busy urban area in one of the UK’s fastest growing and densely populated towns with a mainline station to London and close to the M4 motorway. This combined with the obvious benefit of the high street, provides for considerable and constant footfall throughout extremely busy periods and high levels of traffic are maintained throughout weekends.
The premises offer full food preparation facilities and a well equipped kitchen; a successful strategy has been developed for home delivery within a short radius of the outlet, of the highest standard, using only the best ingredients from the most reputable suppliers to customers.
This business has at this time significant scope for growth and an increase in revenues. This can be achieved for example by taking advantage of all efforts on the part of the vendor in the marketing, home delivery, food quality and refurbished appointments transforming this business into one of the most frequented in the area.
The quality of the high street location, within a parade of popular shops and outlets cannot be overstated since its prominence guarantees access, visibility and footfall, the quality of the service area plays no less a part in meeting customer expectation as created by the large and inviting window display. | Customer Service
The business carries an extensive menu of hot takeaway meals and snacks available to be enjoyed on the premises or taken away and is supported by appointments of the highest quality. The food service area is very well maintained with a ceramic tiled floor and spotlighting providing for a very clean and satisfying environment.
Key strengths
The business is well established and profitable, with a strong, growing customer base managed by a comprehensive blend of environment and food expertise. The business retains a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The business is supported by exemplary relations with key suppliers who have helped to ensure that customer service is never compromised and that their experience is never let down.
The company has earned an outstanding reputation for its honesty, service, reliability, excellent quality hot meals, snacks and beverages, ability to deliver within the locality, cost control and skilled, experienced staff.
Growth and Expansion
The current market for this business is stable and is forecast in the near and longer term for significant growth as the town maintains its popularity. The business is well positioned to take maximum advantage of this growth as it occurs.
Key opportunities
This is an outstanding opportunity to build on the existing business services and customer base of this company. With a strong demand for its blend of food and environment experience combined with a capacity to increase turnover, a new owner with a passion for quality and contributing fresh ideas will have every advantage of building on an excellent platform.
Technology
Administrative and specific technical systems have been set up to provide the technology required for a modern and efficient business.
The business is well equipped including warm display serve-over counters, automatic coffee machine, upright glass fronted drinks fridge, Electronic Point of Sale cash register, storeroom with large fridge, 1 fridge/freezer and 2 deep freezes.
The kitchen is equipped with an electric fan assisted cooker, gas cooker, extractor unit, microwave oven, grill, toasters, stainless steel tables, double sink and drainer etc. | | Premises
The business is located in easily accessible and busy areas in Berkshire and operates from a circa 1,200 square feet area on one floor including food preparation, facilities, service, storage capacity, retail and administration office. There is a shared yard with parking spaces and full rear access.
The premises are held on a 20 year lease from 2006 at a rental of circa £16,500 p.a. with rates payable of circa £900 p.a. | Advertising and marketing
The business has used advertising that includes local press and leaflet drops there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation. | | | Financial profile: | The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads, positive cash flow, enjoys strong customer traffic and has shown consistent growth over 5 years trading.
Sales revenue is circa £250,000 per annum with 80% shop sales whilst the balance with local deliveries. We are further advised that the sales business is showing a gross profit of circa £125,000. | Employees
The business is run by the vendor who are responsible for the day to day operations and rely on a combination of 2 full time assistants/servers and 2 drivers. | Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | Reason for sale
After many years of happy trading, the business is for sale as result of the vendors’ intention to retire and follow other areas of interest. | | Turner Butler Disclosure Statement: This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business') The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business. For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions. Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler. You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler. Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision. Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information. This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts |
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