Shopping Centre Catering Opportunity For Sale

Business description

A food court, kiosk, retail business, was established by our client in August 2008. The business is currently run under the management of our client with a team that includes a part time assistant manager and three part time sales assistants. Rotisserie is a innovative fast food concept which offers a delicious hot sandwich, prepared using fresh, high quality ingredients to create an affordably priced, healthier meal time experience. This establishing catering business produces a combined weekly turnover in excess of £4,500 with a gross profit of approximately 65%. The business has a strong reputation and this particular outlet has an eye catching shopping centre position in the food court of Derby’s Westfield Centre and is well known for excellent service and quality freshly prepared products. The business has been well fitted to the highest standards with a strong company image.

The business features:

• Shopping centre premises within the food court
• Fitted and equipped to a high specification
• Strong company brand
• Growing weekly turnover

Company vision:

A no-junk, fast food restaurant. Meats are fresh, not processed, and the spit roast cooking method ensures excess fat drains away from the joint.

An open and ethical food policy. Customers increasingly want to know where their food comes from, as well as how it is cooked, that's why all meats are farm assured from local butchers, coffee is Fairtrade and all breads are GM free. Salads and other ingredients are locally sourced wherever possible.
A huge array of flavour combinations and meal additions. Beyond the sandwich accompaniments they offer breakfast baps in the morning, potato wedges - baked not fried, a vegetarian option, children's options, a choice of hot and cold drinks and a selection of sweet treats.

Something different at high street prices. Rotisserie proves it is possible to operate a profitable business by supplying generous portions of real food with clear provenance and great taste at reasonable prices.

Property information

Property:

Leasehold

Lease terms:

We are advised that the premises are Leasehold
Length 5 years
Remaining 4 years
Rent £47,400pa exclusive of VAT
Percentage Rent; 10 % such that the rent payable is the higher of the base rent or the turnover rent. The turnover rent is payable monthly in arrears with a year end balancing payment.

Service Charge; £5,000 pa
Rates £13,800 pa

Leasehold rent:

£47,400 per annum

Location:

The business is located in a shopping centre. The centre which was constructed in 2008, is the East Midland’s premiere shopping destination and rated amongst the top shopping centres in the country. The Centre is a must-see for tourist visitors and locals alike and benefits from comfortable transport links from around the region

Premises details:

The business is located on Level 2, within the food court at the new Westfield shopping centre, Derby.

The business is situated on the 1st floor of the centre and the premise comprises of approximately 474 square foot caterering service counter with an additional 120 square feet of storage space with walk-in freezer.

Other information

Expansion potential:

Our clients have fully recognised that the business size, turnover and profits could be increased through the following:

1. Organic growth
2. Owner operator working within the business
3. Development of promotions

Reasons for selling:

Having developed this successful business, our client now wishes to sell the business and concentrate on other business interests closer to home.

Trading hours:

Monday – Wednesday 9.00am to 6.00pm
Thursday & Friday 9.00am to 8.00pm
Saturday 9.00am to 7.00pm
Sunday 10.00am to 4.00pm
Bank Holidays 10.00am to 4.00pm