- Listing ID: 711085
- (Seller ref: 8970NG)
Fast Food Franchise Established 40 Years For Sale
- Location:
-
- UK
- > England
- > Midlands
- > Nottinghamshire
- Category:
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Summary
- Asking price:
- £65,000
- Turnover:
- £120,331
- Net profit:
- Available on request
- Franchise opportunity:
- Yes
- Years established:
- 40 years
- Employees:
- Three Saturday girls, two staff at 18 hours each, 1 staff at 30 hours and the husband and wife owners staff the business.
Business description
Advent Business Sales are pleased to offer to the market this well established Wimpy fast food franchise for sale.
The going concern has been trading in the same location for the last 40 years, with the current owner at the helm for the past 4 years. The vendor has now decided to retire.
The business provides a good range of fast foods including:
• Breakfasts (traditional and all day)
• Burgers and chips
• Panini’s
• Hot and soft drinks
• Ice creams and desserts
• Children’s menu
There are 58 covers internally, 16 externally including 8 undercover (which provide outdoor smoking facilities).
The premises and the kitchen have been well maintained.
The opening hours can easily be increased as there is demand for breakfasts prior to the opening time of 9am. Also evening openings would general further trade.
A new, younger enthusiastic owner, willing to increase trading hours would benefit tremendously.
The vendor has informed us that the franchisor has had some new recent policy changes, which will result in higher gross margins.
In addition, the franchisee’s can fix their own prices (subject to head office approval) as well as their own bespoke menu’s with own individual prices.
REF: 8970NG
Property information
- Property:
- Leasehold
- Lease terms:
- TENURE: Leasehold
Original lease: 8 years
Remaining lease: 4 years
Review every: 5 years
Rent: £14,485 P.A.
We are advised that the annual business rates are currently: £5,050
- Location:
- Our client is located in a bustling town centre within Nottinghamshire. A high volume of shoppers have to walk directly by the business.
The main bus stop, car parks, cinema as well as a host of independent and corporate retailers draw shoppers to the area.
The area is accessed from the M1 motorway network.
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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- UK
- > England
- > Midlands
- > Nottinghamshire
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