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Restaurant for Sale in a Great Location with Cloud Kitchen Set up - Open to Bids

BXB Listing ID :
13881
Type :
Buy Business
Business Type:
Business
Business Name:
Country:
United Arab Emirates
State:
Abu Dhabi
Area:
Other/Not Disclosed

Asking Price:
700,000 AED
Projected gross income for next year:
1,842,000 AED, Projected Net Profit: 210,000 AED
No of Employees:
13
Year Established:
2017
Annual Revenue:
1,710,000 AED
Trade Licence:
Mainland
Inventory Value:
30,000 AED
Business Hours:
10am-12pm
Real Estate:
Leased by the Business
Lease Terms:
Annual
Lease Terms Description:
The rent will be reduced to 120,000 AED per annum.
Size of Premises (sq ft):
2,583 sq ft
Reason for Sale:
Owner has no time to manage this business.
Premise Facilities:
Modern fit out and large terrace with a great view
Premise:
80 seats indoor and outdoor
Market fundamentals:
The seller is open to discuss offers from potential buyers.
Information on staff:
Michelin Star Pastry Chef, Operations Manager, Head Chef, 2 bartenders, 2 waiters, sou chef and 2 station chefs, 2 cooks, a stuart and a driver
Information on transition to New Owner:
Support will be provided during the transition period.

Business Overview

This sophisticated restaurant is located in a popular residential community in Abu Dhabi. The menu provides a mix of a truly unique fusion of all-time favourites, prepared with the highest quality ingredients and eye-catching presentation that ensures their guests have an unforgettable dining experience. The flavourful soups, salads, appetisers, gourmet burgers, seafood and meat, and popular desserts are prepared at fine dining level but with affordable prices which makes it one of the favourite breakfast, lunch and dinner spots in the area.
The Operations Manager has been with the business since its launch and supervises all day-to-day matters. The head chef has extensive hospitality experience. The team also includes 2 bartenders, 2 waiters, sou chef and 2 station chefs, 2 cooks, a stuart and a driver. The company head-hunted a Michelin star pastry chef and is launching a bakery division this year.
The restaurant is located in a community shopping centre with free parking among supermarkets, salons and other retailers. It is surrounded by 33 residential buildings. The total capacity of the restaurant is 80 seats. The outdoor terrace of the restaurant offers great views. The restaurant has its own car for staff, deliveries and pick-ups.
The restaurant managed to achieve over 2 million in revenue in 2019 and has great opportunities for growth through deliveries. The business is registered with delivery apps and launched a cloud kitchen set up to boost delivery revenue. The restaurant also offers in-house catering, private and corporate events hosting.
The business has a great reputation and reviews. Social media accounts have thousands of followers. Google, Trip Advisor and Zomato all carry high ratings and great reviews.
The company is growing and now runs 3 cloud kitchens for deliveries of their menu. A new dine-in location is planned to be open in Sep 2021. Bakery division will start operating in March 2021. The trademark for the restaurant is currently in progress. All franchising materials are developed and set for local and international scale. The seller is open to bids from potential buyers.