Restaurants for sale in Ilford

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Modern Fast Food Restaurant with Delivery Service

Ilford, London, England

  • Leasehold Price: £119,999  Price Reduced arrow_drop_down
  • Turnover: £338,000
Seller Reference: B04623
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B04623
Request Details
Business Description
Business
Hilton Smythe welcomes to the market BBQ Express, a family run business, which was established in 2016 by our clients, who now due to family commitments are looking to move away from the business.

BBQ Express specialises in freshly prepared and grilled chicken, burgers, subs, wraps and skewers, ice creams and desserts plus other favourites. BBQ Express prides itself on fresh salads and its chicken with succulent flavours including Peri Peri, Mango & Lime, Lemon & Herb, Sweet Chilli and Extra Hot!

Currently the business is open from noon each day, therefore missing out on the breakfast market, an area to consider for development. Approximately two thirds of orders are taken in the shop for either eat in or take away and a third is ordered and delivered with the help of Just Eat or the businesses own website www.bbqexpressilford.co.uk

BBQ Express has many repeat customers and due to its close proximity to a large working population offers a 15% discount scheme to local workers, this includes Redbridge Council offices which are close by and have approximately 500 staff.

There is a Facebook page with 4.8/5 reviews and 5* reviews on Yell. BBQ Express still has scope for development and we would recommend any prospective purchaser consider the following:


  1. Extend opening hours to the morning to include the breakfast market

  2. 2. Apply for an alcohol licence as the premises is open until 2.00 am weekdays and 3.00 am weekends


Hilton Smythe highly advise early viewing to avoid disappointment.

Location
BBQ Express is located in Ilford, Essex, on the main High Road in a busy shopping area creating a high footfall, with a bus stop directly outside and close to the main bus terminal and multi storey car park.

Redbridge Council has recently launched an exciting Manifesto for Ilford Town Centre which sets out a number of promises aimed at reclaiming the town’s place as the heart of a modern east London.

The Ilford manifesto developed in partnership with local people, businesses and partners and enshrines the commitments for Ilford’s future. It contains promises that will shape and guide the regeneration of the Town Centre, attract investment and increase the level of activity.

The Manifesto’s package of promises includes becoming a London town again with thousands of new homes, jobs, restaurants and services. Developers will continue to be encouraged to take old sites and turn them into new and exciting places. Also harnessing Crossrail which will bring Ilford closer to central London than ever before and will further enhance its fast-improving status as an emerging and well-connected place to live.

They are also looking to make room for enterprise by opening up vacant buildings for businesses, including small and creative businesses that are being priced out of central London in the hope that this should spark an evening economy by developing a town that is exciting, safe and welcoming with more places to eat and drink, day or night.

All this and more should help build this already thriving community and enhance any business opportunity within the area.

Premises
Outside, there is distinctive signage that sets BBQ Express apart from the competition.

Inside the premises has been fully refurbished and offers table and booth style seating for approximately 40. All booth seating has the distinctive BBQ Express logo and the walls are decorated with slogans to get the taste buds enthused.

Off the main restaurant area is the customer toilets and a small office area. Behind the counter there is a distinctive light up menu.

The counter has a chilled salad bar area for sub fillings, two tills, preparation tables, deep fryer, hot drawers for chicken, grill, hot plate for seasoning, industrial extractor fan, drinks fridge and a doorway to the preparation area.

The preparation area has a walk in chiller, under counter fridges, salad cutter, freezer, Rational chicken cooker, sink, fridges, racking and a storage area off. There is a door to the rear with an outside walk in freezer (which is currently unused).

There is CCTV in operation with 4 cameras which ca be operated remotely and the premises has air conditioning.

Tenure
We are advised the business is being sold as a Leasehold business opportunity with a 15 year lease from 2016, the annual rent is £24,000 plus VAT and rates are currently paid at £8280 per annum.

Hours
The business opening hours: Monday - Thursday: Noon – 2am Friday - Saturday: Noon – 3am Sunday: Noon - Midnight

Staff
The business is run and managed by our client, with the help of 5 part time and 4 casual members of staff. Due to family commitments our clients are not able to work on a full time basis.

Financial Profile
BBQ Express generates an advised turnover of circa £364,000 per annum.

Tenure:
Leasehold
Listed by:
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