Noodle Franchise Restaurant & Piri piri Chicken Shop in Southampton

Southampton, Hampshire
REF: R07875

Asking Price:
£80,000
Annual Turnover:
£236,264
Annual Net Profit:
£46,000
Featured
Reduced
REF: R07875
Photo of Noodle Franchise Restaurant & Piri piri Chicken Shop in Southampton
Photo of Noodle Franchise Restaurant & Piri piri Chicken Shop in Southampton
Photo of Noodle Franchise Restaurant & Piri piri Chicken Shop in Southampton
Photo of Noodle Franchise Restaurant & Piri piri Chicken Shop in Southampton

Overview

Tenure:
Leasehold
Established:
2019
  • Strong reputation and loyal customer base
  • Huge growth opportunity
  • Spacious, well-equipped premises with equipment included in sale
  • Recently refurbished
  • Friendly, professional staff
  • Strong supplier relationships and franchisee status

This is an exciting opportunity to acquire two successful restaurant and takeaways in Southampton. The restaurants are located in the food court of Marlands Shopping Centre in the heart of Southampton’s bustling city, giving an unbeatable level of passing trade and visibility. Boasting a 5* hygiene rating and capacity for up to 30 guests, the business' have a great reputation for the quality of food, efficiency, and cleanliness of the premises.

Its tantalising menu offers up a range of starters, noodle boxes, rice boxes, kid's boxes, desserts, and alcoholic and non-alcoholic beverages. Ned’s Noodles is proud to have a completely MSG-free food offering, enabling it to provide healthier food that does not compromise flavour or speed. It offers a popular takeaway service as well as delivery through its own website and telephone line, whilst also being present on Deliveroo, Just Eat, and Uber Eats for maximum exposure.

The annual rent for both units together will be £25,000 from July 2022 with a brand new lease agreement. Until July 2022 the new owner will benefit from a rent free period.

Customers enter the restaurant through its archway featuring the franchise’s signature black, red, and white branding, into a wide, open dining space on their left with numerous table benches for up to 30 guests. Customers order their food from the dine-in counter at the back of the area. To the right of the space is the takeaway section of the business which similarly holds an order counter at the back of the restaurant, with a drink fridge and machine on the far right. Large overhead signs display all the delicious food options available. Behind the counter is a long kitchen area with a drink machine, fryers, woks, storage, packaging, etc. Further prep space, a fridge/freezer room, staff kitchen, and an office with CCTV monitoring are also situated at the rear of the venue. W/C facilities are available in the centre.

The vendor is willing to offer the buyer a full transitional period to ensure a seamless handover of business operations, the duration of which is to be determined.

This is an ideal opportunity for a buyer who wants to work as an owner-operator in a busy food establishment, with the added support of a franchisor who is experiencing superb growth.

The key method of maintaining and increasing the business’s growth is to continue its current takeaway and delivery services during the ongoing Covid-19 restrictions. As lockdown lifts and the hospitality sector can return, it will then be crucial to grow the restaurant’s dine-in services, whilst still upholding its fantastic delivery and takeaway availability.

The restaurant has a strong, engaging digital presence through its informative website and social media channels. Curating and implementing a strong marketing campaign which utilises and develops this further will be effective in achieving these goals.

Location

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  • City centre location
  • Busy shopping centre location
  • High footfall
  • Good transport links
  • Nearby car parking

Property

Annual Rent
£25,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
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
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Number of Employees
XXXX
Current Ownership
XXXX

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