Leasehold Mexican Restaurant And Takeaway Brighton | | Brighton East Sussex | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving leasehold Mexican restaurant and takeaway which has been established since 2007. The business has been in the hands of the current owner since inception and he now wis | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71974
ADVERT IMPRESSIONS : 7,193 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | ASKING PRICE: | £69950 | LEASEHOLD: | £69950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Situated in Brighton in East Sussex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of local community, business persons and tourists.
- Area offers exceptional lifestyle.
- Very good outstanding tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A23, M23 and good railway links.
Business Details
The particular highlights of the business are:
- A well established business.
- Ideally located concern offering excellent lifestyle.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £100,000 pa with a net profit of £25,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner intends to emigrate. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation
- The concern provides traditional rustic Mexican food
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving leasehold Mexican restaurant and takeaway which has been established since 2007. The business has been in the hands of the current owner since inception and he now wishes to sell due to emigration.
Services
This very good business opportunity provides traditional rustic Mexican food.
Staffing
The concern employs 2 part time staff. They are paid at the rate of £6.10 per hour. The total wage bill is £9,516. All staff would be prepared to stay on after a sale.
Owners Role
The owners’ role is managing and working full time in the business.
Marketing
The owner does not market the business and does not have a website.
Competition
As far as competition is concerned there is a similar business approximately 1 mile away.
Market
The client base consists of local community, business people and tourists.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product lines offering a wider menu choice.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and part of a parade of shops and is approximately 99sq ft. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
The restaurant has 40 covers. The customer service point is to the rear of the premises. There is an overhead menu.
To the rear is a store room, customer toilets, staff facilities and a fully equipped kitchen.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £50,000.
Financial Details
The present turnover is £100,000 per annum with a gross profit of £25,000 and a net profit of £25,000. The wages are £9,516.00. The present value of the stock is £2,000.00
The potential turnover of the business within the next 2 years is forecast to reach £150,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Saturday – 11.00am - 10.00pm
Sunday - Closed
Tenure
The original length of the lease was 15 years with 11 years remaining. The rent is £13,000.00 pa with a review every 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £4,100.00.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £69,500
Ref: 2447 | | | | | | FOR SALE | | | | | REFERENCE: | 2447 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
