Thriving West African restaurant in Nottingham with strong reputation and growth potential!
Nottingham, Nottinghamshire
- Status
WITHDRAWN
- Advert ID
631311
- Reference
B08797 / Rightbiz
- Call Agent:
- Leasehold: £74,995
- Turnover: £85,000 (£1,635 per week)
- Profit: £1,500 (2% Profit margin)
Business Details
Taste the Vibe at Mokad – West African Flavour in the Heart of NG7!
BusinessPlease quote reference B08797
A fantastic opportunity to acquire a highly reputable and well-established Nigerian restaurant positioned in the vibrant, culturally rich district of Hyson Green, Nottingham. Renowned for its authentic dishes, warm atmosphere, and exceptional customer service, this restaurant benefits from consistent footfall, a loyal customer base, and a modern, stylish interior—allowing a new owner to continue operations seamlessly from day one.
The premises are beautifully presented, fully equipped, and designed for efficiency, offering a comfortable dining experience across two spacious floors. With a strong online presence and excellent visibility in a bustling location, the business enjoys steady trade and attracts customers from across the region, especially for its popular monthly buffet events, known for outstanding value and variety.
The current owner is pursuing alternative business interests, creating an ideal opportunity for an ambitious buyer to take over and further expand this thriving establishment.
Key Features:
- Long-standing, loyal customer base
- Contemporary decor and fully furnished interiors
- Prime high-footfall location with continuous passing trade
- Strong online presence and brand reputation
- Fully equipped kitchen and dining area included
- Secure 6-year lease in place
- True turnkey operation - ready for immediate takeover
- Well-established business with an excellent reputation for authentic cuisine and customer service
- All fixtures, fittings, and decor are included, reducing setup costs for a new owner
- Two-floor layout ideal for groups, private functions, or themed dining events
- Generous 82-seat capacity
- Ample free parking nearby with unlimited stay
- Perfect for an owner-operator or partnership
- Alcohol license from 11 AM-12 AM
- Permission to operate until 3 AM with TEN approval
- Standard license allows trading 7 AM - 12 AM, 7 days a week
- Significant scope to increase turnover through extended hours, delivery services, events, and promotions
- Priced competitively to achieve a prompt sale
Get in touch with CoGoGo today. Click ‘Contact Seller, Send Enquiry or Contact Broker’ now to learn more, ask questions, or arrange a private viewing.
Location
Mokad, 159 Radford Rd, Nottingham NG7 5EH
Premises
Mokad occupies a prominent single-fronted premises with eye-catching signage that attracts steady foot traffic. Inside, the layout features a welcoming service counter, a comfortable customer seating area, and a well-equipped commercial kitchen ready for continued operation.
Tenure
This opportunity is being sold on a Leasehold basis with a 6-year lease in place.
Hours
Tuesday to Sunday: 2:00 PM – 11:00 PM
Monday: Closed
Staff
More information information can be made available upon request
Financial Profile
More Financial information can be made available upon request
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This listing has been withdrawn by the seller or their agent. Please check back soon for any future updates.
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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