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Two Takeaways/Restaurants In Liverpool For Sale

Liverpool, Merseyside, UK
Asking Price:
£34,995 Furniture / Fixtures included
Sales Revenue:
£488,742
Cash Flow:
Available on request

Accounts Available Year End 31st December 2021
Accounts Available After Viewing
Established 2018
Fully Equipped
Delivery Service In Place
Strong Social Media Following
Excellent Online Reviews
Scope For Marketing Drive
Potential To Expand Menu
Scope For Longer Opening Hours
EPC – TBC

REF 7931 – Leasehold Takeaway

Blacks Brokers are pleased to bring to the market this two leasehold takeaways/restaurants located in Liverpool, Merseyside.

INTRODUCTION

Love Kimchi was established by our client in this bustling area of Liverpool in 2018. The business offers a range of authentic Korean dishes. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Love Kimchi has a comprehensive website in place and strong social media following.

LOCATION

Love Kimchi is located on Smithdown Road – this main road trading position benefits from plenty of passing traffic and is well linked with parking in the surrounding area and excellent public transport links. Other businesses nearby include large multiples and independent retailers.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s relocation plans, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. Smithdown Road - The current lease is a five year lease which began in 2020 at a cost of £150 per week.

STAFF

The business operates with five members of staff in employment supporting our two clients working on a full time basis.

FINANCIAL DETAILS

Love Kimchi has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st December 2021 show that the business has an annul turnover of £488,742 and a gross profit of £276,111. Full financial information is available upon request.

SUMMARY

Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu options and longer opening hours. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Smithdown Road
MON: CLOSED
WED: 17:00 - 22:00
THU: CLOSED
FRI & SAT: 17:00 - 22:00
SUN: 17:00 - 21:00

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