Highly Profitable Takeaway For Sale

Business
Please quote reference B08150

CoGoGo are happy to be managing the sale on Mega Bite in Hull. This thriving enterprise is renowned for its delicious diverse menu, catering to a loyal customer base that spans the local community and beyond.

Positioned in a prime location, Mega Bites benefits from high foot traffic, ample parking, and proximity to key local amenities, making it a go-to spot for hungry patrons.

Mega Bites boasts a modern, fully-equipped kitchen with state-of-the-art supplies, ensuring efficient operations and high-quality food preparation. The inviting storefront and well-maintained interiors create a welcoming atmosphere for customers, enhancing their overall dining experience. The business has a solid track record of consistent revenue and profitability, demonstrating its resilience and appeal in the competitive food service industry.

They are currently partnered with popular food delivery platforms Just Eat and Uber Eats, Mega Bite enjoys a steady stream of delivery orders, enhancing its revenue streams.

Opportunities For Growth:

• Extended Opening Hours – Expanding the current opening hours to include breakfast or late-night services could attract new customers and increase revenue.
• Enhanced Marketing Initiatives – Implementing targeted marketing campaigns, loyalty programs, and promotions can increase brand awareness and customer retention.
• Menu Expansion – Introducing new menu items, including healthier options or seasonal specials, can attract a broader customer base and encourage repeat visits.
• Catering Services – Offering catering for local events, corporate functions, and parties can open new revenue streams and enhance the business’ reputation.
• Social Media Engagement – Increasing activity on social media platforms can further boost visibility ad engagement, driving more traffic to the business.
• Franchise Potential – Given the strong brand and operational success of Mega Bite, there is potential to develop a franchise model, expanding the business to new locations.

This is an excellent opportunity for an ambitious entrepreneur or an established operator looking to expand their portfolio. Don’t miss out on the chance to own a profitable and well-regarded takeaway business in Hull.

Location
Mega Bite is nestled in a bustling area with significant pedestrian and vehicular traffic, the business enjoys excellent visibility and accessibility. This strategic positioning not only attracts regular local customers but also draws in visitors exploring the vibrant surroundings. Hull’s growing population and dynamic commercial landscape further enhance the potential for increased patronage and sustained business growth.

Premises
Mega Bite occupies a single-fronted premises, boasting a spacious and inviting ground floor that features a large open-plan service area, perfect for accommodating numerous customers and ensuring a smooth operations flow. Adjacent to this area is a well-equipped commercial kitchen designed to handle high volumes of orders efficiently. The first floor of the building houses a comfortable 4-bedroom flat, accessible via a separate entrance, which presents an excellent opportunity to generate additional income through rental. This dual-use setup not only maximises the utility of the property but also provides a steady revenue steam beyond the primary business operations.

Tenure
This opportunity is being sold on a Leasehold basis with 3 years remaining on an 8 year lease.

The current rent is £700 per month.

Hours
The current operating hours are:

Monday to Sunday – 3:00pm to 12:00am

Staff
This business is run and managed by our client with the help of 5 staff members.

Financial Profile
This business has generated a turnover of £320,000. Full financials can be made available upon further request.