Top-Rated Romanian Restaurant in Swindon Wiltshire Up for Sale
Swindon, Wiltshire
- Status
FOR SALE
- Date Submitted:
04/04/24
- Advert ID
609199
- Reference
B07962 / Rightbiz
- Call Agent:
- Leasehold: £65,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Highly Rated Romanian Restaurant For Sale
BusinessPlease quote reference B07962
CoGoGo welcomes to the market J&J Foods Ltd, Swindon's newest Romanian restaurant.
The business was established by our clients in 2022, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews, the business is popular within the area.
J&J Foods Ltd has now come to the open market due to our clients desire to focus on other business interests.
Established by our client over 2 years ago, the business was initially a Romanian cuisine takeaway. Due to the customer demand, they set up a little restaurant within the premises for customers to be able to dine in.
They even have a regular customer base who order daily online through their website, Just Eat and Uber Eats.
The restaurant has 24 covers. The premises has a liquor licence but a new buyer will need to have their own in order to sell alcohol. Next to the business is a Holiday Inn which is opening soon. This will potentially increase the customer base.
Above the restaurant, our client have 4 rented accommodation which have always been occupied. This will therefore generate an additional income for the new owners.
Key selling points -
- Excellent reputation
- Regular and loyal customer base
- Authentic and traditional Romanian cuisine
- Increase advertising and marketing
- Further develop their website
- Leaflet/Menu drops within the local area
Location
J&J Foods Ltd is located on Bridge Street, in the town centre of Swindon, Wiltshire.
Due to its corner trading position, it receives regular levels of footfall and passing trade.
Premises
Inside the restaurant, they have 24 covers.
Fully fitted kitchen unit with all the necessary equipment.
On the first floor is 4 rented out accommodation units, which generates an additional income.
Tenure
We are advised that this business is being sold on a Leasehold basis, with 5 years remaining on the lease (as of April 2024). The rent is £1,277 per month.
Hours
The current trading hours are -
Monday - Closed
Tuesday to Sunday - 10:00am - 9:00pm
Staff
We are advised that the business has 5 members of staff.
Financial Profile
Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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