Burrito Mexican Restaurant & Takeaway Located In Cardiff For Sale
This outstanding Burrito Mexican Restaurant & Takeaway is located on the ground floor of The Student Union Retail Village in Cardiff. Positioned in the heart of the student area, seeing 25,000 new students every year and the University is investing £40 million over the next 3 years upgrading the building to accommodate more students to the area. This will not include any additional retail space. Close by is Cathays Park and railway station which is just ½ mile from Cardiff City centre. The area benefits from a lot of private and university investment for accommodation blocks and is surrounded by complementary independent retailers along with residential properties and plenty of free parking. Cardiff offers a startling range of unique attractions, top class entertainment, quality shopping and an array of bars and restaurants.
Asking Price: £49,950 plus SAV
Turnover: £200,000 pa net of VAT
Lease term: 10 years
Remaining: 9 years
Reviewed: 5 yearly
Rent: £15,000 pa
Service Charge: £1500 pa
Veritas Business Sales are delighted to offer for sale this respected Burrito Mexican Restaurant & Takeaway concern which is located in Cardiff. The business was established by my client 15 months ago and has been in his careful hands ever since and is reluctantly being offered for sale due to needing to concentrate on other business interests. Since ownership there has been continual investment in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is operated by a team of 8 part time members of staff and has an annual turnover of around £200,000 net of VAT. Burrito Brothers serves a fine range of Burritos using their finest slow cooked carnitas pulled pork & barbacoa shredded beef along with tortilla chips & dips, nachos, salsas, tacos, salad boxes, rice boxes and hot & cold drinks. We believe that there is further potential to increase trade by being owner operated, extending upon the current opening times, and joining one of the online delivery platforms such as Just Eat or Hungry House. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passers by. This is a superb opportunity to purchase a business that still has further growth potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Monday – Saturday – 11.30am – 7.00pm
Sunday – Midday – 5.00pm
Restaurant comprising: bench style seating for (24), serve over sales counter with EPOS cash register, 1 x 6 pot wet bain-marie, 1 x 3 pot wet bain-marie and 6 ft serve over fridge/saladette.
Rear bar area with tortilla warmer, double door drinks cooler, 2 x stainless steel work tables, commercial rice cooker, 2 x upright stainless steel frost free fridges (Williams), dishwasher (Classic), hand wash basin, stainless steel double sink, stainless steel racking, metal racking/shelving, 2 x commercial microwaves Samsung) and espresso coffee machine with built in grinder (Primo, currently on lease).
Front seating for (8)
Plenty of street parking
Shared toilet facilities with Cardiff Universities Student Union.
Service charge includes all waste removal, staff toilets & shower maintenance. Daily cleaning and maintaining of the inside and outside of the building along with public toilets.
The Student Union (Landlords) pre-buy they’re electricity in advance. Therefore the electricity bill per quarter is approximately £700 inclusive which is less than 1/3 of the going rate.