Archived
Highly Rated Fast Food Business In A Busy Location For Sale
Manchester, Greater Manchester
- Asking Price: £139,999 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £350,000. Further financials can be made available upon request,
Please quote reference B07007
- Tenure: Leasehold
Please quote reference B07007
Hilton Smythe welcomes to the market Lotus Food. This business was established by our client in 2014. Though our client has thoroughly enjoyed running the business, he is now looking to pass the business on due to familt commitments.
The business offers a menu of high quality Mediterranean specialties, Pizzas, hot and cold drinks and deserts.
Lotus Food generates an advised turnover in the region of £350,000 per annum. We feel that the business could further benefit from more advertising and marketing. This is a niche business that requires a range of different marketing ideas to bring the business up to its full potential.
The business is set in a prime trading location that benefits from all year-round trade. There are ample retail outlets within the Arndale alone, we feel the purchaser could look to offer deliveries to other businesses within the city of Manchester.
This is a fresh new business opportunity with huge scope. Lotus Food would highly benefit from a hands-on owner to take over a popular and well established business. Hilton Smythe highly advises early viewing to avoid disappointment.
We are advised that the business is owner run and managed, with the help of 4 part-time members of staff.
The business hours are -
Monday – 08:00 – 18:00
Tuesday – 08:00 – 18:00
Wednesday – 08:00 – 18:00
Thursday – 08:00 – 18:00
Friday – 08:00 – 18:00
Saturday – 08:00 – 18:00
Sunday – 08:00 – 17:00
Lotus Food is in the Arndale Market, Greater Manchester.
The business is located in the Arndale Market in the City Centre of Manchester. This is a prime location that allows for all year-round trade and heavy footfall. The Market is filled with hundreds of retail chains and independent retail outlets.
The city centre location allows for generous public transport. In the area are several tram ways, there is also a bus station close by. The city centre has several train stations, this has regular daily routes into Blackburn, Huddersfield, Leeds, Blackpool, Wigan, Liverpool, Newcastle and more.
The premises comprise of an open plan kitchen/service area and a shared seating area.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 4 years remaining on the 5 year lease. The rent is £3,950 per month (Service charge included).
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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