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Leasehold Price: £99,995 Price Reduced Annual Turnover: £182,000 Gross Profit: £109,200
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Business Description
Fantastic Trading Location With High Footfall
Refurbished Throughout In 2016
Customer Seating for 80
Annual Turnover £182,000
Gross Profit £109,200
Ran Under Management
5* Food Hygiene Rating
Potential For First Floor Development
EPC - C
REF 6298 – Leasehold Licensed Moroccan Restaurant

Blacks Brokers are pleased to bring to the market this leasehold licensed Moroccan restaurant located in a busy and much sought-after area of Waterloo, Liverpool.

INTRODUCTION

Al Moroccan has been trading on South Road since 2016 and was established by our client due to a gap in the market for a Moroccan eatery in this area. Our client renovated the building before opening with a £100,000 investment in order to create an authentic Moroccan feel with the best quality equipment, fixtures and fittings. The business has quickly established a large, repeat customer base and a superb reputation with lots of excellent Google, Facebook and Trip Advisor reviews. Al Moroccan also has a comprehensive website in place and a strong social media presence.

LOCATION

The business is positioned on a busy main road close to Waterloo Station, Crosby Coastal Park and Victoria Park. The area is filled with other eateries, shops and businesses – this is the only Moroccan restaurant in the area though. Public transport links are excellent, and parking is available immediately outside.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but is currently operating under management due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 25 years with rent reviews every 5. The current lease began in 2016 at a cost of £480 per week. The lease includes the first floor of this building which is currently used as storage – this can be utilised by a new owner as an extension of this business or to introduce another complementary business.

BUILDING LAYOUT AND DESIGN

Al Moroccan operates from the ground floor of a spacious, mid-terraced property within a busy parade of shops and businesses. It is very well-presented with inviting, Moroccan-themed frontage and electronic signage displayed. Inside, the Moroccan theme is continued, with beautiful lighting and décor throughout. The dining area offers seating for 80 with the bar positioned centrally and an open kitchen to the rear. The kitchen is professionally equipped and fitted with nine-hob gas cooker, double fryer, hot plates and much more.

As mentioned above, the first floor is currently used as storage, however, at the same size as the ground floor, it could provide seating for a further 80, or be utilised as a cocktail bar, shisha bar or other addition/extension.

STAFF

The business is currently operating with two part-time and five full-time members of staff in employment – this includes a full-time manager. Our client is not involved in the day to day running of this business.

FINANCIAL DETAILS

Al Moroccan has traded solidly since opening, and has recently introduced a delivery service, which has boosted takings further. We are advised that the business currently has annual turnover of £182,000 with gross profit of £109,200.

SUMMARY

This leasehold business is beautifully presented and offers an exciting opportunity for a new owner. This bustling area brings plenty of local custom along with high footfall and the business has already become very well-known. There is plenty of scope to develop the business further with the introduction of later opening and there are even more income opportunities through the utilisation of the first floor within this sizeable building. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised and are welcomed by appointment only. Fixtures:
80 Seats

Bar x 2

Epos Till

Charcoal Grill

9 Hob gas cooker

Double Fryer

Hot plates

Fridges

Freezers

Coffee Machine
Trading Hours:
Mon - Thu - 4pm - 10pm
Fri - 3pm - 10.30pm
Sat - 3pm - 10.30pm
Sun - 1pm - 9pm

Tenure: Leasehold

Location Details: Liverpool

Leasehold Term: Rent: £480 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6298
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