Franchised Asian Food Take-Away/Delivery In Larnaca For Sale

Property Information

Real Estate:

Lease

Lease Terms:

Rental contract of indefinite duration, automatically renewable every 2 years (standard terms in Cyprus)

Leasehold Rent:

€6,600 per annum

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 take it to the (Foinikoudes) 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.

The central location facilitates quick deliveries to anywhere in downtown/central Larnaca and the business uses a specialist delivery company to cope with the volume of orders.

Premises Details:

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 office.

Size in square feet:

700 sq.ft (60 sq. meters)

Planning Consent:

Licensed for Snack-bar take-away & delivery, 8 sit-in allowed

Business Operation

Management type:

This business is owner operated.

Expansion Potential:

There is considerable growth potential, since Larnaca can support at least two more shops of this franchise, maybe more.

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!

Competition / Market:

There are no other Asian fast-food shops in the immediate area.
It is also important that the specific franchise is very well known and popular all over Cyprus.

Reasons for selling:

The franchisee/operator has moved with his family to another town, it is not practical for him to commute every day.

Trading hours:

24/7 operation allowed, how many hours it is actually open depends on owner's preferences

Employees:

4 incl owner

Years established:

7

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Franchise fees are modest and there is no pressure to continuously expand with new shops (as with most franchises). Exact terms to be disclosed subject to NDA

Other Information

Support & training:

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.

No prior experience in food preparation or restaurant operations required.

Current owner/operator (franchisee) will provide hand over support and guidance for 3 months, in addition to the support of the franchisor with recipes, procedures, purchases, advertising, etc.

Furniture / Fixtures value:

€50,000 - included in the asking price

Inventory / Stock value:

€5,000

Relocatable:

This business can be relocated