Authentic Indian Street Food Delivery Business For Sale in East London
City of London, London
- Status
FOR SALE
- Date Submitted:
17/08/21
- Advert ID
281337
- Reference
B06373 / Rightbiz
- Call Agent:
- Asking Price: £41,995
- Turnover: £220,000 (£4,231 Per week)
- Net Profit: Not Applicable
Business Details
Reputable Fast Food Delivery Business For Sale
BusinessPlease quote reference B06373
CoGoGo are pleased to have been given the opportunity to manage the sale of an authentic Indian street food delivery business, with a renowned reputation amongst East London residents. This is a superb opportunity to take on a high turnover business.
The business was founded 2 years ago by the current owner who has run it successfully and lucratively since. The business has been a real labour of love for him accruing many regular customers and a great reputation.
The business is now being sold, the founders have exploited a niche and got it to a point of stability. They feel it will be a great addition to a bigger business. The founders are serial entrepreneurs and will look to build something new from zero, in a different area, once released from this successful venture.
The business prides itself on the quality of its food which is freshly prepared on site using local ingredients wherever possible. The extensive menu includes several tasty options that can be seen on the well-presented modern website - https://www.chowpatty.co.uk/
Our client has had an ordering system created that can be located on the website as seen above, as well as using ordering sites such as Just Eat Uber eats and Deliveroo to take food orders.
Scope to improve -
- Advertising and marketing campaign
- Maximise the use of social media particularly Twitter and Instagram
- Extend the opening hours
- Introduce new products to the current food offering
- Introduce a loyalty/card scheme
- Ideal owner managed or partnership business
- Current owner happy to offer a handover to ensure the continued success
- 1 x Van
- 2x almost new motorbikes
- 1 x gala food stall tent
- Proprietary software (online ordering system).*All in very good condition*
Location
The business is currently based from a commercial kitchen based in East London on a very attractive monthly rental agreement, therefore benefits from being a relocatable business within the London area!
With the choice of kitchen being to new owners’ preference.
Premises
The business is currently being run from a Ghost Kitchen, and can be relocated to any kitchen within the London area to keep local customers.
Tenure
We are advised the business is being sold on a Business Only basis.
Hours
The business trading hours are as followed:
Monday - Sunday: 11am - 4am
Staff
The business is ran and managed by 1 full time and 1 part time staff member.
Financial Profile
We are advised the business generated an advised turnover of circa £300,000, further financial information can be made available upon request.
Please quote reference B06373
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
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.
Stay Safe
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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