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New established Sri Lankan Restaurant and Takeaway for sale

Norwich, Norfolk
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New established Sri Lankan Restaurant and Takeaway for saleNew established Sri Lankan Restaurant and Takeaway for sale
  • Leasehold: £29,995
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Business
Please quote reference B06754

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Cheese Kottu Limited which is a recently established restaurant and takeaway with a growing reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

The business was founded in 2021 by the current owner and has quickly flourished under his ownership accruing an impressive number of regular customers and a burgeoning reputation. Alas this great little business is now being sold, albeit reluctantly and with a heavy heart only due to need to return to his birth country.

The vendor is keen to see his beloved restaurant / Takeaway pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Cheese Kottu Limited serves an impressive range of Sri Lankan street food, freshly prepared on the premises using local ingredients wherever possible. The comprehensive menu includes:

  • Starters
  • Kottu
  • Traditional Dishes
  • Curries
  • String Hoppers
  • Sri Lankan Flavour Specials
  • Vegetarian Dishes
  • Flavour Special Wraps
  • Special Set Meals
  • Rice and Nans
  • Soups
  • Noodles
The business prides itself on the quality of its dishes. The chef prepares all of the authentic dishes to suit anyone’s tastes.

The sale will include the company Facebook page and the business enjoys great visibility on the internet.

The business benefits from impressive reviews such as;

  • “ Great food, great drinks, great customer service “
  • “ Top quality and tasty “
  • “ Best Sri Lankan food around, no other restaurant competes, I would recommend the mutton rolls and the mutton Kottu 10/10”
Scope to Improve -

  • Extend the opening hours, the business is currently being run at a pace to suit
  • Website to extol the food offered, ideally with an online ordering facility
  • Maximise the use of social media
  • Advertising and marketing campaign
  • Explore online voucher discounters such as Wowcher, Groupon and Taste Card
Reasons to Buy

  • All fixtures and fittings included making this a real Turnkey business opportunity
  • Ideal owner managed or partnership business
  • Little or no competition locally
  • Low running costs with inexpensive rent and no business rates
  • Current owner happy to offer a handover to ensure the continued success
  • A real opportunity to increase turnover and profits significantly.
Hilton Smythe highly recommend early enquiry to avoid disappointment.



Location
Cheese Kottu Limited is located in Norwich.

Norwich is a city in Norfolk about 100 miles north-east of London, 40 miles north of Ipswich and 65 miles east of Peterborough. The population of the Norwich City Council local authority was east 143,135 in 2019 whilst the wider built up area had a population of 213,166.

Norwich stands north of the A47 which connects it with Great Yarmouth to the east and Kings Lynn and Peterborough to the west. Norwich is linked to Cambridge via the A11, which leads to the M11 motorway for London and the M25.

Cheese Kottu Limited is positioned in the centre of town and sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade. The business is beautifully presented and maintained with clear visible signage and distinctive livery.

There is free on-street parking in the roads and streets surrounding the premises.



Premises
Cheese Kottu Limited occupies generous premises ideally suited to the trade and beautifully presented and maintained with a pleasing upmarket feel. The business comprises a restaurant with tables and chairs currently providing approximately 30 covers with a further 12 outside. The is a full equipped catering kitchen, 2 WC’s and an external bin store.



Tenure
We are advised that the business is being sold on a Leasehold basis, with 15 years remaining on the 16 year lease. The rent is £10,400 per annum. 



Hours
We are advised that the business hours are;

Monday – Closed
Tuesday – 4:00pm – 10:00pm
Wednesday – 4:00pm – 10:00pm
Thursday – 4:00pm – 10:00pm
Friday – 4:00pm – 10:00pm
Saturday – 4:00pm – 10:00pm
Sunday - Closed




Staff
We are advised that the business is owner run and managed, with the help of 2 full-time chefs and 1 part-time delivery driver.  



Financial Profile
Further financials can be made available upon request. 

Please quote reference B06754



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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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