For Sale
Well Presented Multi Cuisine Buffet Restaurant For Sale In Warrington
Warrington, Cheshire
- Asking Price: £149,000 +SAV
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Turnover:
We are advised the business generated an advised turnover of approximately £624,000. Full financials can be made available upon further request.
Please quote reference B06523
- Tenure: Leasehold
Please quote reference B06523
Hilton Smythe are delighted to introduce to the market Hani’z World Buffet.
Hani’z is a newly created upmarket, multi cuisine buffet restaurant which is being sold as a turnkey business opportunity for a lucky new owner.
The business was founded by the current owner in 2020 when he identified a need in the area and a considerable amount of money was invested to ensure that this is arguably one of the nicest buffet restaurants to come to the market for some years.
The business is now being sold, albeit reluctantly and with a heavy heart only due to our clients need to concentrate on his other business interests, he is keen to seen his beloved buffet restaurant pass to an ambitious and entrepreneurial new owner (s) who can take this stunning business to the next level and realise it’s potential.
This 200 seater restaurant had only traded for five weeks when a flood forced it to close. The restaurant is currently being repaired by the insurance company.
The buffet restaurant opened for business in June 2021 operating just five days a week. They have alcohol license but was unable to sell alcohol due to Covid restrictions. Now they can, the licence can be transfered to their name/business.
A full breakdown on all the fixtures, fittings and equiptment included in the sale can be made available upon further request.
By opening seven days a week and with an alcohol licence the business should be taking £20,000 per week under an experienced new owner.The business previously offered an extensive menu comprising Indian and Chinese dishes that were lovingly prepared on the premises using local ingredients wherever possible.
The business can comfortably accommodate 200 people with the flexibility to add more covers if the demand is there.
The sale will include the company website and Facebook page and the business enjoys great visibility on the internet.
Reasons to Buy -
- Absolutely Prime trading position, highly sought after close to the Time Square development
- All fixtures, fittings and equipment included in sale making this a real Turnkey business opportunity
- Ideal owner managed or partnership business
- Lends itself as a bolt on to an existing Hospitality business
- Current owner happy to offer a handover to ensure the continued success
- Strong social media presence with over 15,000 followers across all platforms. Very actiove across all platforms
- Over 2,000 customers registered to their email system to receive updates regarding the restaurant.
This extraordinary business is likely to attract considerable interest.
The business was previously run and managed by 4 full time kitchen staff and 5 full time serving staff.
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Hani’z World Buffet is located in Warrington.
Warrington is a large town in Cheshire on the banks of the River Mersey. It is 20 miles east of Liverpool and 16 miles west of Manchester. The population in 2106 was estimated at 165,456 for the towns urban area and just over 210,014 for the entire borough.
The town lies close to the M62, M6 and M56 motorways and midway between Liverpool and Manchester airports.
The main shopping streets are Buttermarket Street, Horsemarket Street, Sankey Street and Bridge Street. Where these four streets intersect at Market Gate, there is a redevelopment with a large fountain and "guardians" (known locally as "the skittles") . The town also has a large indoor market which was redeveloped as part of the Time Square development which brought the return of a cinema in the town centre along with office spaces, desserts shops, brand new Complex which has Cineworld Cinema, Trampoline park, National chain Botanist restaurant, Nando’s, national chain Revolution Bar and Chester University Campus.
This is an excellent opportunity in a great location with over £150 million recently invested by Warrington Council in the heart of Warrington town centre.
The business is beautifully presented and maintained with with clear visible signage and distinctive livery with a pleasing upmarket feel. There is a new multi storey car park less than 150 metres from the premises, which is free on Sunday and only £1 in the evenings.
Hani’z World Buffet occupies substantial premises ideally suited to the trade which have been fitted out to the highest possible standards including a comprehensively equipped catering kitchen and restaurant areas with high quality tables and chairs currently providing 200 covers but with potential for 300 plus if the buffet area was removed and the business converted to an a la carte restaurant instead. The site is large enough to split into 2 units.
Tenure
eaveWe are advised the business is being sold on a Leasehold basis with 9 years remaining on the current Lease. The rent will be £28,000 per annum for the first 12 months and then £36,000 per annum thereafter.
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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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