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Prime Location Franchise Takeaway in Tooting Seeking New Ownership!

City of London, London

PHOTO COMING SOON

  • Leasehold: £84,995
  • Turnover: £120,000 (£2,308 Per week)
  • Net Profit: £30,000 (25% Profit margin)

Business Details

Thriving Franchise Takeaway in Bustling Tooting Ready For New Ownership!

Business
Please quote reference B08529

CoGoGo welcomes to the market a fantastic opportunity to acquire a well-established franchise takeaway located in the thriving area of Tooting.

With a year under its current ownership, this business presents great potential for growth and development for an enthusiastic buyer.

The business enjoys a prime position in Tooting, a bustling and vibrant community. Its strategic location attracts a steady stream of customers, making it ideal for anyone looking to thrive in the takeaway sector.

This franchise takeaway is operated by a limited company and supported by two full-time staff members. The owner is selling due to travel challenges, as they live far from the business. With its strong foundations, the business offers plenty of scope for further development.

The premises are fully equipped with assets valued at £40,000 and stock worth approximately £3,000, ensuring the business is ready for seamless operations.

The business operates with two full-time employees who ensure smooth daily operations. 

Key Selling Points:

  • Popular franchise takeaway with a strong customer base.
  • 14 years remaining on a favourable lease.
  • Fully equipped premises with assets valued at £40,000.
  • Location in the vibrant area of Tooting.
This is a brilliant opportunity for an ambitious buyer to take the reins of a thriving takeaway business and expand it further.

Contact CoGoGo today to arrange a viewing!



Location
Griller Tooting is located at 249 Mitcham Rd, London SW17 9JQ.



Premises
Griller Tooting occupies a compact, single-fronted premises adorned with bold, eye-catching signage that draws attention from passersby. inside, the setup is minimalist, featuring limited seating, an overhead menu for easy navigation, and a well-organised service area focused on quick and efficient customer service.



Tenure
This opportunity is being sold on a Leasehold basis with 14 years remaining on a 15-year lease. 

The current rent is £1,300 per month (already paid up to March).



Hours
The current operating hours are:

Monday to Thursday - 12:00 pm to 11:00 pm

Friday - 2:00 pm to 11:00 pm

Saturday - 12:00 pm to 11:00 pm

Sunday - 12:00 pm to 10:00 pm



Staff
This business is run and managed by our client with the help of 2 full-time staff members.



Financial Profile
This business generated a turnover of £120,000. Full financials can be made available upon request.



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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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