Thriving Leeds Vegan Takeaway Business for Sale – Prime Student Area
Leeds, West Yorkshire
- Status
FOR SALE
- Date Submitted:
22/04/23
- Advert ID
512053
- Leasehold: £85,000
- Rent: £14,400
- Turnover: £200,000 (£3,846 Per week)
- Net Profit: On request
Key Features
- Established Business
- Prime Location
- Small Business
- Unique Business
- With Car Park
Business Details
Popular Vegan Takeaway Business For Sale Leeds
A great opportunity to take on a popular and busy local business in an area full of students. The current owners have run the business for the last 3.5 years, which has since flourished accruing many regular customers and a fantastic reputation.
The business was started from scratch, seeing a turnover of £90k in its first 9 months, and over £270k in its second year of trading. With an initial investment of just £12k, and no budget for marketing, the business has shown huge potential for both future growth and profitability. The business is currently taking £3.5k-5k weekly, and is partnered with Ubereats and Deliveroo.
The business prides itself on high quality food and service, and as such has very positive visibility online, with reviews from the most popular sites below:
Tripadvisor: 5
Ubereats: 4.8
Deliveroo: 4.8
HappyCow: 5
Google: 4.6
Facebook: 4.8
Scope to improve -
- Advertising and marketing
- Maximise the use of social media
- Website, ideally with an online ordering system
- Extend the opening hours, perhaps opening as a cafe in the morning
- Introduce a customer loyalty scheme
- Operate dark kitchen from 1st floor
- Alcohol License
Reasons to Buy -
- A well established business with an enviable reputation and many existing customers
- All fixtures and fittings included making this a real Turnkey business opportunity
- A real opportunity to increase turnover and profits significantly
- Priced to facilitate a quick sale
- Free parking
- Low Rent at £1200/month
- Nominated for Ubereats 'Restaurant of the Year' 2022
- 4.7k Followers on Instagram
- 100% Plant-Based Menu, a cuisine that online ordering platforms report is still gaining in popularity year on year
- Strong Brand and Customer Engagement
- Retail Opportunity selling products produced in-house
- Great Footfall
- Located in-between Large Student Area and the University of Leeds
The business is fully run and managed by a team, currently consisting of 1 full-time, and 3 part-time staff. The reason for sale is the owner has relocated.
The business hours are -
Monday – 4:00pm – 9:45pm
Tuesday – 4:00pm – 9:45pm
Wednesday – 4:00pm – 9:45pm
Thursday – 4:00pm – 9:45pm
Friday – 4:00pm – 9:45pm
Saturday – 4:00pm – 9:45pm
Sunday – 4:00pm – 9:45pm
Friends of Food is located in LS6, Leeds, on Hyde Park Corner.
Hyde Park Corner is situated in-between Hyde Park, the largest 'student city' in Leeds, and the University. As it is on the commute for many students, there is a huge potential to open earlier in the day and operate as a cafe.
The basement is equipped with two chest freezers, and a sizeable walk in fridge, and also has space for dry storage. The ground floor includes the kitchen, with a small FOH capable of seating two people. The first floor is currently used for prep, dry storage and washing up. The building also has a second floor, currently unused, that could be turned into an office/bedroom.
The food offering is completely plant-based, a trend that continues to grow year on year, and is also very popular with students.
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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.
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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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