Leasehold Mexican Restaurant And Takeaway In Brighton For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Ideally located concern offering excellent lifestyle.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £100,000 pa with a net profit of £25,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner intends to emigrate. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation
- The concern provides traditional rustic Mexican food

History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving leasehold Mexican restaurant and takeaway which has been established since 2007. The business has been in the hands of the current owner since inception and he now wishes to sell due to emigration.

Services
This very good business opportunity provides traditional rustic Mexican food.

Staffing
The concern employs 2 part time staff. They are paid at the rate of £6.10 per hour. The total wage bill is £9,516. All staff would be prepared to stay on after a sale.

Owners Role
The owners’ role is managing and working full time in the business.


Marketing
The owner does not market the business and does not have a website.

Competition
As far as competition is concerned there is a similar business approximately 1 mile away.

Market
The client base consists of local community, business people and tourists.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product lines offering a wider menu choice.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 15 years with 11 years remaining. The rent is £13,000.00 pa with a review every 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £4,100.00.

Leasehold rent:

£13,000 per annum

Location:

- Situated in Brighton in East Sussex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of local community, business persons and tourists.
- Area offers exceptional lifestyle.
- Very good outstanding tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A23, M23 and good railway links

Premises details:

The property is terraced and part of a parade of shops and is approximately 99sq ft. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled. It is very well presented and is very conveniently laid out.

The restaurant has 40 covers. The customer service point is to the rear of the premises. There is an overhead menu.

To the rear is a store room, customer toilets, staff facilities and a fully equipped kitchen

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product lines offering a wider menu choice.
• With the introduction of a website and e-commerce

Competition / Market:

As far as competition is concerned there is a similar business approximately 1 mile away

Reasons for selling:

Wishes to sell due to immigration

Trading hours:

Monday to Saturday – 11.00am - 10.00pm
Sunday - Closed

Employees:

The concern employs 2 part time staff. They are paid at the rate of £6.10 per hour. The total wage bill is £9,516. All staff would be prepared to stay on after a sale

Years established:

5 Years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£50,000 (included in the asking price)

Inventory / Stock value:

£2,000