Perfect Brand To Franchise
Tremendous Scope To Develop Brand
£400,000 PA Sales
EPC - TBC
Primos Gourmet Hot dogs is a chain of 3 themed diners and restaurants situated in, arguably, 3 of the highest profile locations in West Yorkshire.
The 3 locations are:
CORN EXCHANGE - Leeds city centre
WHITE ROSE - Outskirts of Leeds
XSCAPE - Outskirts of Castleford
Both the Xscape and Corn Exchange have a restaurant area both presented with corporate branding and striking signage. The Corn Exchange restaurant has external seating on the enclosed terrace area. Both restaurants have kitchen areas as well as serving areas and caters up to 40 covers. Both are licensed to sell alcohol and The Corn Exchange has a street cafe license.
The White Rose is part of the main eating area of the shopping centre known as "The Balcony". The layout is a bright, open plan seating area enhanced with Primos signature signage. The White Rose can field approximately 24 covers.
Leases on all 3 businesses are for five years and are all at different stages of their five-year cycle.
The business has developed a unique branding and is recognised for its provision of gourmet hot dogs. Menu’s are themed with hot dogs and burgers representing cuisine from their originating areas. For example, The Bronx, The Boston & The garden State.The business has quite an online presence with its own website: www.primosdogs.com , a Facebook page and a large amount of deserving, positive reviews on Trip Advisor.
Originally, Primos was conceived as brand that at some point could be franchised out. New owners will recognise that given the right backing and business guidance, this is an option that can still be exploited to its full potential.
Accounts for year ending 2014 show a combined income of approximately £400,000 net of VAT. These filter through to a strong gross profit of approximately 60%.
The Business is now at a crossroads, the current ownership and management team have taken the business as far as they feel as it can go with them. New owners who can bring a broader knowledge of the informal restaurant, perhaps with experience, will undoubtedly recognise that this is a business just right to be developed now.
This is therefore an exciting proposition in 3 tremendous locations, with a possibility that subject to negotiation, the current operations director will be available for a retained period and is only being offered for sale due to retirement.Fixtures:
WHITE ROSE, LS11 8LU:
MON - WED: 10:00 - 20:00
THUR: 10:00 - 21:00
FRI: 10:00 - 20:00
SAT: 09:00 - 19:00
SUN: 11:00 - 17:00
XSCAPE, WF10 4TA:
MON - SUN: 10:00 - 21:00
CORN EXCHANGE,LS1 7BR:
MON - SUN 09:00 - 18:00
Location Details: Leeds
Leasehold Term: Rent: £12,500 Per Annum
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