For Sale
Well established Piri Piri restaurant for sale
Bedford, Bedfordshire
- Asking Price: POA
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £220,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07264
Hilton Smythe are delighted to welcome to the market Portu Gallos Restaurant, Grill and Takeaway, a highly rated peri peri restaurant in Bedford, Bedfordshire.
Portu Gallos Restaurant, Grill and Takeaway was established by our client in 2016. The business is extremely popular within the local area, building up an excellent reputation and regular customer base.
The business has now come to the market due to our clients desire to relocate overseas.
Portu gallo's is a family-run restaurant & takeaway which offers customers from the surrounding areas an authentic Portuguese chicken piri-piri. Portu Gallo's meats are slow-roasted over an authentic Portuguese barbecue. Food is freshly prepared on the premises and cooked in the traditionally healthy way.
Key selling points -
- A well established business with an enviable reputation and many existing customers
- All fixtures, fittings and equipment are included in the sale making this a real Turnkey business opportunity
- Current owner happy to offer a handover to ensure the continued success
- Prime trading position with loads of footfall
- A real opportunity to increase turnover and profits significantly, current owner has been running at a pace to suit
- Ideal owner managed or partnership business.
- The business benefits from a 5 star hygiene rating
- Advertising and marketing campaign
- Maximise the use of social media
- Extend the opening hours, ideally opening for breakfasts, lunches and afternoon teas
- Explore online voucher discounters such as Groupon, Wowcher & Tastecard
We are advised that the business is owner run and managed, with the full time help of his wife. They also have 1 other full time staff members, 2 delivery drivers and casual staff as and when needed.
The current trading hours are -
Monday - Closed
Tuesday – 5:00pm – 9:30pm
Wednesday – 5:00pm – 9:30pm
Thursday – 5:00pm – 9:30pm
Friday – 5:00pm – 10:00pm
Saturday – 5:00pm – 10:00pm
Sunday - Closed
Portu Gallos Restaurant, Grill and Takeaway is located on Brooklands Avenue, in Bedford.
The business has eye catching signage and receives high levels of footfall and passing trade
Ground floor restaurant area -
- Beautifully presented and maintained with a pleasing upmarket feel.
- Windows and glazed doors to front creating a light, airy and inviting interior.
- Long bespoke counter, illuminated menu boards.
- Open plan kitchen area with all cooking/prep facilities.
- Full extraction system with stainless steel canopy.
- Portuguese BBQ capable of cooking 27 chickens at once.
- High quality tables and chairs providing approximately 24 covers, featuring exposed brick wall and pendant lighting.
- To the rear of the restaurant is a wine cooler.
- Customer WC - with close coupled toilet, hand wash basin, disabled access and baby changing facilities.
- Generous and useful storage space along with an office area
- 8 Camera CCTV system
- Bin area to rear of the premises
- Patio area at the front with tables, chairs and parasols - approx 36 covers.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 15 year lease. The rent is £24,000 including VAT per annum. The rates payable is £800 per annum.
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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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