Profitable Tex-Mex Fast Food Business in Dundee City Centre For Sale
City of Dundee, Dundee
- Status
FOR SALE
- Date Submitted:
25/10/20
- Advert ID
268262
- Leasehold: £140,000
- Rent: £21,000
- Turnover: £600,000 (£11,538 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Town Centre location
- Small Business
- Established Business
- Fully Fitted
- New Lease
- Attractive Business
Business Details
Well Established Fast Food Eatery in Dundee City Centre
Trendy Tex-Mex eatery located in Dundee city centre.
Wee Mexico has been established for over four years, with the current owners managing for the past four years. In that time revenue has more than quadrupled to £11,000 - £15,000 per week on average (full details available on request).
The eatery benefits from dine-in, takeaway and delivery trade. Current covid restrictions have forced the business to operate primarily through delivery. However, this has not affected turnover. In the past four weeks of hospitality restrictions, the business has averaged £12,000 in revenue each week.
The business benefits from a huge loyal customer base built up over the years, mainly consisting of the younger student demographic. Over 10,000 followers on Facebook & 3000 followers on Instagram allows the business to benefit from meagre marketing costs.
A new owner could hugely benefit from franchising the business or trading in other areas.
Net profit & director salaries are available upon request.
Selling due to other business & personal commitments.
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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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