business

CY0282L

FAST FOOD TAKE-AWAY/DELIVERY BUSINESS FOR SALE IN LARNACA

 
Business Type: Take Away & Delivery
Location: Larnaca Centre, Larnaca, CYPRUS  
Type of Tenure: Leasehold
Business Reference: CY0282L
Asking Price: € 160.000
Annual Turnover EURO 300.000
Gross Profit Margin 73%
Monthly Rent 450
Stocks (at cost) 5000
Reason for Sale Family Obligations
Accounts Available 2019 (Audited) / 2020 (Management)
Years Established 3
Incorporated Business Yes (Limited Co)
Relocatable Business Yes
Car Parking 2 spots
Vendor Financing Negotiable
Full-time Employees 4
Part-time/Seasonal Employees 1
Internal Area 30 sq.meters
Terrace Area n/a (Street Sidewalk)
Terrace Seating 8 persons
Mezzanine Area 30 sq.meters
 

Description

The business offers ethnic fast-food for take-away and delivery. Due to its prime/central location, it has a lot of take-away business from walk-in clients while for delivery it has exclusivity for the whole of Larnaca.

BUSINESS MODEL

The business owns the franchise for the whole of Larnaca for the specific brand of Take-Away/Delivery food. This franchise is highly successful with shops all over Cyprus and there is considerable growth potential, since Larnaca can support at least one more shop of this franchise, maybe more.

Clients enjoy excellent value for money in terms of the food quality, variety, generous portions but also fast & efficient service, whether for take-away or for delivery. This is the winning formula which explains the success of this business.

  • The food menu, recipes and preparation procedures have been developed by the franchisor and perfected over time to maximize quality, efficiency/speed of preparation but also to ensure a good profit margin.
  • Due to the business’s success from the start-up stage, advertising and promotion requirements have been very modest and currently the business relies on word-of-mouth/reputation as well as a strong presence in social media (Facebook, Instagram & Trip Advisor). FB followers are over 11.000 while it enjoys a 5.0 rating from Trip Advisor reviews!
  • The central location facilitates quick deliveries to anywhere in downtown/central Larnaca and the business employs two expert delivery riders.
  • Employees for this type of business are easy to find and train, therefore there are no issues with staff.
  • This is a cash business with no credit hassles, therefore it is debt-free and only needs a current account with the Bank.
  • Finally, franchise fees are modest and there is no pressure to continuously expand with new shops (as with most franchises) although there are opportunities for expansion for someone who is willing to put up the capital, time & energy.

LOCATION

The shop is located in downtown Larnaca on one of its busiest avenues, which has heavy foot traffic and is also very close to the seafront. Take-away clients can enjoy their food at the shop premises (seating for up to 8 persons is provided in front of the shop, as allowed by the snack-bar license), on the road (“street food”) or on the seafront nearby.

The shop enjoys excellent visibility from both pedestrians and vehicle drivers on the avenue, who can park outside the shop for a quick order pick-up. For those who want to enjoy their food while strolling or sitting by the seafront, there is plenty of public car parking available nearby.

PREMISES

The shop is designed and set up for efficient food preparation. The ground floor includes the client order counter/waiting area and cashier desk, a full kitchen and refrigerators. Upstairs in the mezzanine there is additional dry refrigerated storage, staff toilets/shower and a small preparation kitchen.

SHOP SET-UP & EQUIPMENT

The shop is fully equipped according to franchise standards & specifications. The exterior, the signage and the interior were professionally designed. Included in this sale is all equipment & machinery which cost about €44.000 (the total cost of shop set-up including working-capital was €55.000, excluding stocks).

HAND-OVER & SUPPORT

The current owners will provide hand-over support & training until the buyer is ready to manage the business on his/her own. Any person with some experience in business will not need more than a month of support. In addition to the support to be provided by the current owners, the franchisor will assist with training on procedures.

OFFER TO SELL

The business is offered for sale solely due to the owner’s pressing family obligations. Asking Price is €160.000 to purchase 100% of the business in a “clean sale”, with no debt or liabilities on the company books.

Included in the sale is the exclusive franchise territory for the whole of Larnaca, the rented shop and business as an ongoing concern with all of its equipment, furnishings, furniture, personnel, supplier relationships, stocks as well as all client records (more than 6 thousand) and Social Media pages.

 

Photos

  • The present business is offered for sale by DealMasters.  Any information downloaded or printed is intended strictly for private use by you as a Registered User of our web-site; it may not be copied, published or distributed in any manner. 
  • You are advised that this is a confidential sale, therefore no direct approach to the business owners or business premises should be made and all viewings should be arranged through DealMasters. 
  • Prior to disclosure of the identity of the business and/or its owners, business financials and other operational details, interested parties will sign the standard Confidentiality Agreement, which can be downloaded here or sent to you by fax upon request.
  • We do not perform any due diligence on businesses for sale, business owners, or the information provided by them.  Such information is passed on by us without any guarantee or responsibility. Interested Buyers are strongly urged to perform thorough due diligence prior to acquiring a business
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