Food Business Chai and Grill in Ilford with Delivery Platform Presence for Sale
Ilford, London
- Status
FOR SALE
- Advert ID
659656
- Reference
B09816 / Rightbiz
- Call Agent:
- Leasehold: £149,999
- Turnover: £180,000 (£3,462 per week)
- Profit: £47,000
Business Details
Established Food Business with Strong Delivery Platform Presence
BusinessPlease quote reference B09816
CoGoGo presents an exciting opportunity to acquire Chai and Grill, an established food and takeaway business for sale in Seven Kings, Ilford.
Currently under the same ownership for one year, the business offers a selection of food and refreshments, catering to customers seeking convenient dining and takeaway options.
The business benefits from an established presence on popular food delivery platforms, including Deliveroo and Just Eat, alongside its Instagram account, providing multiple channels through which to reach customers and generate sales.
With an annual turnover of £180,000 and a reported net profit of £47,000, this is an attractive opportunity for an enthusiastic owner-operator or experienced hospitality entrepreneur.
There is further scope to develop the business through targeted social media marketing, promotional meal deals, expanded delivery coverage and local advertising to attract additional customers.
With an existing trading operation, six staff members and established online ordering channels, this presents an appealing opportunity to acquire a food business in a busy London suburb.
Key Selling Points
- Established food and takeaway business in Seven Kings, Ilford
- Annual turnover of £180,000
- Reported net profit of £47,000
- Existing presence on Deliveroo and Just Eat
- Six staff members currently employed
- Growth potential through marketing, delivery sales and promotional offers
The business is offered for sale as the owner has other business interests.
Contact CoGoGo today to request further information or arrange a viewing. Additional confidential details are available following completion of an NDA, where required.
Location
Situated at 612 High Road, Seven Kings, Ilford, IG3 8RF, the business occupies a location within an established East London commercial area.
The surrounding residential neighbourhoods provide access to a local customer market, with additional reach through online food delivery platforms.
Premises
The business operates from leasehold commercial premises on High Road, Seven Kings.
The property accommodates the existing food and takeaway operation, offering an established trading location for an incoming owner. Further details regarding the internal layout, facilities and equipment are available upon enquiry.
Tenure
The premises are held on a leasehold basis, with a reported lease term of eight years, subject to confirmation.
The current rent is £1,916 per calendar month (£22,992 per annum).
Hours
The business's current trading hours have not been confirmed and are available upon further enquiry.
Staff
The business currently employs six staff members, supporting its day-to-day food service and takeaway operations.
Financial Profile
We are advised that the business achieves the following financial figures:
- Annual Turnover: £180,000
- Net Profit: £47,000
- Stock at Valuation: £2,000
- Business Rates: £500 (payment period to be confirmed)
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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.
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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