Authentic Mexican Street Food Business for Sale in City of London
City of London, London
- Status
FOR SALE
- Advert ID
643694
- Reference
SMSB/MEXSTR / Rightbiz
- Call Agent:
- Leasehold: £75,000
- Turnover: £480,000 (£9,231 per week)
- Profit: £30,000 (7% Profit margin)
Key Features
- Social media presence transfer
- Specialised food offerings
- Stock included in sale
- Suitable for one-person operation
Business Details
Authentic Mexican Street Food Business
The business was founded in 2019, with an ambition to bring authentic, high-energy Mexican street food to London. During this time it has established an excellent reputation for quality and service, with many 5* reviews online.
Initially starting out as a market stall and gazebo, over time the company has supported a number of London’s top street markets, events and festivals, before expanding into multiple fixed locations. More recently it has also developed an online offering in partnership with Deliveroo.
It operates from a high quality kiosk with a takeaway layout and open kitchen within a popular London market, from which it also services its online deliveries. While currently focused on its fixed locations, the business does support some ad hoc events and has strong relationships with the major event partners, such as Togather, Blue Tiger and KERB.
The business currently generates a turnover of c £380k, delivering earnings for the owner of c £30k. The guide price for assets and goodwill is £75,000 to include the brand and goodwill, website and domain name and social media accounts, a flexible and trained workforce and customer and supplier databases. Additionally the landlords have indicated they would be pleased to extend the current lease. The vendors will provide appropriate handover support on completion of the sale.
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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.
Be safe, use a Rightbiz Solicitor
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