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Fast Food Mediterranean Restaurant For Sale in High Traffic Area of Manchester

City of Manchester, Manchester
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  • Status

    FOR SALE

  • Advert ID

    625124

  • Rent: £57,000
  • Turnover: £270,000 (£5,192 Per week)
  • Net Profit: On request

Key Features

  • Accounts Available
  • High Turnover
  • Small Business
  • Town Centre location
  • Fully Fitted

Business Details

Fast food and restaurant

Lotus Food Restaurant and Takeaway is a well-established dining establishment located in the bustling Arendale Market on Piccadilly, Manchester. With a prime location in a busy food court, this restaurant benefits from high foot traffic, attracting a diverse customer base. The business has been successfully operating for 20 years, and under the current ownership for the past 2 years.

The restaurant features modern and attractive signage, offering a diverse Mediterranean menu served in a convenient self-serve buffet style for quick service. This approach appeals to busy customers seeking a fast yet high-quality dining experience. An established clientele and the advantage of nearby amenities, such as shops, restaurants, and public services, contribute to the venue's popularity.

In terms of competition, the area hosts other dining and takeaway options, yet the business maintains a favorable position with a good level of competition. Financially, the business is thriving, with a reported increase in turnover over the past year, currently standing at £270,000. The leasehold opportunity is available, with the asking price upon request and an annual rent of £57,000.

Included in the sale are all stocks, fixtures, and fittings, ensuring a smooth transition for new owners. The business has an online presence, further enhancing its reach and customer engagement. Furthermore, training opportunities are available to support new ownership, ensuring continuity and success.

This small but dynamic business, located in the town center, is an attractive prospect for potential buyers. With its high turnover, accounts are readily available for review. The fully fitted premise provides a turn-key solution for those looking to acquire a successful fast food and Mediterranean restaurant in the heart of Manchester.

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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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