Business for sale

Business description

Advent Business Sales are pleased to offer to
the market this well established Wimpy fast
food franchise for sale.
The going concern has been trading in the
same location for the last 40 years, with the
current owner at the helm for the past 4
years. The vendor has now decided to retire.
The business provides a good range of fast
foods including:
• Breakfasts (traditional and all day)
• Burgers and chips
• Panini’s
• Hot and soft drinks
• Ice creams and desserts
• Children’s menu
There are 58 covers internally, 16 externally
including 8 undercover (which provide
outdoor smoking facilities).
Three Saturday girls, two staff at 18 hours
each, 1 staff at 30 hours and the husband
and wife owners staff the business.
The premises and the kitchen have been well
maintained.
The opening hours can easily be increased as
there is demand for breakfasts prior to the
opening time of 9am. Also evening openings
would general further trade.
A new, younger enthusiastic owner, willing
to increase trading hours would benefit
tremendously.
The vendor has informed us that the
franchisor has had some new recent policy
changes, which will result in higher gross
margins.
In addition, the franchisee’s can fix their
own prices (subject to head office approval)
as well as their own bespoke menu’s with
own individual prices.
REF: 8970NG
TRADING RADING HOURS
Mon-Thurs: 9am – 5pm
Fri-Sat: 9am – 5.30pm
Sun & Bank Holidays: 10am – 3pm
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £120,331
Gross Profit: £ 79,260
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The double fronted premises are fully
alarmed. They briefly comprise of:
Ground Floor
• 58 seating area – internal
• Main counter to rear of premises
• Commercial catering facilities to the
rear
First Floor
• Staff area and w/c
TENURE: Leasehold
Original lease: 8 years
Remaining lease: 4 years
Review every: 5 years
Rent: £14,485 P.A.
We are advised that the annual business
rates are currently: £5,050
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.