Piri Piri Chicken Franchise in Telford

Leasehold Price £385,000  

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Property Details

City Business Brokers are pleased to bring to the market this newly opened Fast-Food Takeaway and Restaurant specialising in Halal Piri Piri Chicken, Specialist Burgers, Pittas and Wraps plus much more. The business has only come to the market due to an unexpected illness which has affected future personal/business plans

The business benefits from its location on the edge of a new Food Court with a complete building refit including all fixtures, fittings and equipment costing an estimate of around £400,000! The restaurant enjoys a square footage of over 3000 sq ft and has 110 covers.
Easy to park facilities are to the front of the premises.

The business is a destination restaurant servicing the local area and is part of the Franzo Franchise Group. It is the only Halal restaurant in the shopping centre and has a protected remit from the landlord.

Open: Monday to Sunday 12.00pm to 9.00pm
Staff: Currently 3 Full-time and 8 Part-time
Turnover: £8,000 per week, with virtually no marketing/advertising due to personal circumstances
Rent: The current owner enjoys a rent-free period until June 2022. The rent will then be £40,000 per annum
Rates: £25,000 per annum (66% rate relief)
Lease: 10-year lease

Currently, the business is operating a weekly sale of 90% dine-in. It uses Deliveroo and Just Eat part-time but has the scope to go live on all delivery platforms which should increase the sales by at least 35%.

Opportunities
• Increase deliveries
• Introduce a lunch-time menu
• Expand into the Corporate Market
• More Marketing and needs to be owner run to maximise profits

We feel there is great potential to be realised – a similar business would be expected to realise a turnover of £60000 per month with good profits.

Offers are invited for this superb business opportunity. NOTE: Deferred payments considered.

Viewing is highly recommended.

A full profile is available once a non-disclosure agreement has been signed.

All enquiries to City Business Brokers.

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.

All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.

Note: Library images may have been used for display purposes

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