Authentic Eritrean Restaurant

Maida Hill, Greater London
REF: 04770

Asking Price:
£160,000
Annual Turnover:
£180,000
Annual Net Profit:
£60,000
Reduced
REF: 04770
Photo of Authentic Eritrean Restaurant
Photo of Authentic Eritrean Restaurant
Photo of Authentic Eritrean Restaurant
Photo of Authentic Eritrean Restaurant

Overview

Tenure:
Leasehold
Established:
2004
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Recently Refurbished
  • Excellent Reputation

This is a fabulous opportunity to acquire an authentic Eritrean restaurant serving high quality cuisine to their loyal customer base.

The business is renowned in the area and has garnered a fantastic reputation through its broad menu, use of fresh quality ingredients, and excellent customer service.

With a strong turnover and loyal customer base, this is an ideal business for those with experience in the catering industry and offers a huge potential for growth for the right buyer.

The business is a family-run restaurant serving authentic Eritrean cuisine in a stylish setting that reflects the country’s culture. Using the finest, locally sourced ingredients, the restaurant possesses a dynamic menu and serves only the most authentic of dishes in its beautiful premises. The business focuses on traditional Eritrean foods and has garnered a great reputation, and loyal customer base, through its varied menu and friendly service. They offer takeaway options and have high ratings on TripAdvisor achieving a 2016 Certificate of Excellence.
The premises is very well presented with low lighting, Timber furniture, wooden flooring and clean and modern kitchen facilities. There is ample seating for 35 diners. A lounge area is also available that seats 20 people, as well as a bar and an office.

Reputable Eritrean restaurant.
The business serves high quality cuisine and has established a great rapport with customers by offering competitive prices, and an authentic Eritrean dining experience.
Benefiting from loyal visitors, as well as passing trade from shoppers on the busy main street, there is still room from growth through expanding opening hours into lunch time, adding a takeaway menu and offer outside catering.
The business has an outstanding website that can be further enhanced through social media accounts.
Benefiting from a solid reputation, excellent location and loyal customers, this is a very profitable opportunity for the right buyer.

Features

Online Presence

Website: mosob.co.uk

Location

  • Limited Competition
  • High Footfall

Property

Annual Rent
£16,000
Annual Rates
£6,000
Lease Term (Years)
14
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

Refine

Miles
£
£
£
£
Timed popup