Highly rated American themed restaurant for sale

Business
Please quote reference B06729

CoGoGo are delighted to welcome to the market American Way, a highly rated restaurant and takeaway in Sutton, Greater London. 

A restaurant has been trading from this location since 1973, with our clients taking over and rebranding to the current concept in 2018. The business has built up an excellent reputation and regular client base, and as seen by the online ratings and reviews, the business is extremely popular within the local community. 

American Way has now come to the open market due to our clients desires to retire.

The business offers a comprehensive range of food, freshly prepared to order on the premises using local ingredients wherever possible. The menu includes;

• A massive range of Burgers
• Vegetarians Burgers
• Char Grilled Chicken Breast
• Mixed Grill
• Bangers & Beans
• Whole tailed Battered Scamp
• Sides
• Platters
• Dips
• Kids Meals
• Salads
• Milk Shakes
• Hot and Cold Drinks

Customers can either eat in or have their food delivered via Just Eat (50/50 split). 

The sale will include all social media platforms and the business enjoys good visibility online with impressive reviews.

Key selling points – 

• Established business with an enviable reputation and many existing customers
• Prime trading position with loads of footfall and passing trade
• Current owners happy to offer a handover to ensure the continued success of the business
• Ideal owner managed or partnership business

Scope for further growth –

• Advertising and Marketing campaign, a local leaflet drop usually yields good results
• Maximise the use of social media
• Website, ideally with gallery and online ordering facility
• Extend the opening hours

Location
American Way is located on The Broadway in Sutton. 

The premises has eye catching signage and receives high levels of footfall and passing trade due to its location. 

There is an allocated car parking space for one car behind the premises. In the evenings up to 4 cars can be accommodated.

There are a number of inexpensive public car parks within easy walking distance of the premises.

Premises
Ground Floor –

• Restaurant with 38 covers
• Open plan kitchen
• Comprehensively equipped catering kitchen and wash up area
• Customer toilets

First Floor – 

• Useful store room with perimeter shelving and floor storage space

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 20 year lease. The rent is £19,000 (includes VAT) per annum. 

Hours
The current trading hours are –

Monday to Sunday – 11:00am – 10:00pm

Staff
We are advised that the business is run and managed by the owners, with the help of 6 other staff members. 

Financial Profile
This business generated a turnover of £260,000. Further financials can be made available upon request.