Highly Popular Vegan & Vegetarian Takeaway in Leeds & Manchester

Leeds, West Yorkshire
REF: INT1802

Asking Price:
£195,000
Annual Turnover:
£284,000
Annual Net Profit:
TBC
REF: INT1802
Photo of Highly Popular Vegan & Vegetarian Takeaway in Leeds & Manchester
Photo of Highly Popular Vegan & Vegetarian Takeaway in Leeds & Manchester
Photo of Highly Popular Vegan & Vegetarian Takeaway in Leeds & Manchester
Photo of Highly Popular Vegan & Vegetarian Takeaway in Leeds & Manchester

Overview

Tenure:
Leasehold
Established:
2019
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Well Equipped Business
  • Wide Variety of Products & Services

This is a unique opportunity to acquire a highly popular vegan and vegetarian takeaway, called Friends of Food, which has two branches, one in Leeds and one in Manchester.

The business was first established in 2019, when they opened their Leeds store. Following the success of the takeaway, the owners opted to open a further branch in Manchester in 2021. Both locations have gained a large, repeat customer base and have built up a brilliant reputation for their delicious food.

They prioritise providing customers with an extensive and flavoursome menu, including plant-based burgers, fries, a range of sides, a variety of drinks and much more. The company ensures customers can enjoy vegan food without compromise.

Customers can choose to collect their orders in person or opt for delivery through UberEATS or Deliveroo. Their fantastic reputation is further enforced by the hundreds of positive reviews, which they have amassed across Google, UberEATS and Facebook. The company has the Top Eats Award on UberEATS, as they are one of the best-rated restaurants on the platform.

With huge potential for growth, this business would be perfect for someone in the catering industry, who is looking for their own successful business. Furthermore, it would work brilliantly as a partnership opportunity. The business is projected to achieve a turnover in the region of £400,000 for year end 2022.

The Leeds takeaway has an amazing location in Hyde Park Corner and is situated on one of the busiest roads into Leeds City Centre. The convenient spot is in a prime student area and benefits from a vast level of footfall throughout the day and evening.

The premises consists of three floors, as well as a cellar which holds a walk-in fridge. On the ground floor, you can find the main kitchen and takeaway collection area, the first floor is a preparation and washing up space, whilst the second floor has space for an office but is currently unused.

The store in Manchester also benefits from a great location, operating in Ardwick. It is in close proximity to the city centre and also the busy student areas. The store has already proved a hit amongst locals.

The premises in Leeds is operated by staff and has a full-time manager, whilst the Manchester branch is owner-operated. Both the Manchester and Leeds locations come well-equipped. The owners are happy to provide a handover period.

This thriving takeaway business would work brilliantly as a partnership opportunity. Alternatively, the company would be perfect for anyone in the catering industry who is looking for a successful business with a large customer base and high growth potential due to the new store in Manchester. If executed well, there is scope for repeating this process and opening a new store in every student city.

There is also huge potential for growth with this business due to the premises being in great locations. Currently, the stores open at 4 pm on Tuesdays to Sundays, but there is massive scope to open earlier, which could attract increased levels of trade. Furthermore, the new owner could also opt to open on Mondays. Breakfast and lunch menu additions for passing commuters could also prove a lucrative growth strategy.

The business has a brilliant, easy-to-use website, as well as a popular following on social media, with 1,400 followers on Facebook and over 3,000 followers on Instagram.

Features

Key Information

  • Delivery Services: Deliveroo, Just Eat
  • Hygiene Rating: 4

Reputation

  • Google: 4.6
  • TripAdvisor: Excellent

Online Presence

  • Facebook: Yes
  • Instagram: Yes

Website: www.friendsoffoodco.com

Location

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  • Residential Location
  • Close to Local Businesses
  • Close to University
  • High Footfall
  • Good Transport Links

Property

Annual Rent
£15,000
Annual Rates
TBC
Lease Term (Years)
6
Lease Expiry (Years)
2023
Accommodation Included
No
EPC Rating
TBC

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

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