ETS Corporate are pleased to place this Wok and Go franchise re-sale operation on the market. The business is located at 1 Denmark, Eden Shopping Centre HP11 2DB
It is an affluent and busy shopping centre in High Wycombe, next to the bus station, and Bucks University. The franchised area covers a population of over 250,000.
The turnover for the first year is likely to exceed £200,000 and records for 6 months’ worth of trading are available. The turnover for the following years is expected to increase annually by £100,000. The operation cost in excess of £280,000 to set up. The business will come with full training from the Franchisor and a franchise agreement; the present agreement is for 10 years with an option to renew for another 5 years. The franchisor takes 7% of the net turnover (including 1% for marketing) which is payable monthly.
The Wok & Go company is a rapidly expanding Asian fast food chain,
and provides Malaysian, Thai, Chinese and Japanese cuisines as a
healthy option to eat in, take away or to be delivered. It is fast, authentic, hearty, and is good value. They take quality ingredients and blend them with the
finest flavours from Thai, Malaysian, Indonesian, Chinese and Japanese
cuisine. There’s a box to suit every taste with a carefully chosen
selection of meat, seafood, vegetables and sauces guaranteed to
tantalise your taste buds. There is a you tube video for the products at https://www.youtube.com/watch?v=MTyJAEgEPek
This franchise operation was negotiated in June 2017, and opened in December 2017. The Owner, who a keen advocate of the products and the Franchisors is selling due to a sudden medical condition.
lt is a fully staffed, well managed store, with a loyal and well motivated team. The Owner manages the business along with 2 chefs and 2 front of house. lt has an excellent reputation and a steadily growing client base. It has reviews on TripAdvisor, Just Eat and Google. On Facebook, they have 7,130 followers. The main sources of new business are flyer distribution by Royal Mail; and other delivery Companies, websites such as Deliveroo and Just Eat, and social media.
The store is open 7 days per week, from 11.30 am to 11 pm.
The property is a fully branded premises and is almost new and cost £280,000.
The original lease was for 10 years with 9 years and 4 months remaining and is renewable. The rent is £32,000 pa, and there is a rent free period until October 2018. The deposit is 3 months rent, which is repaid after 3 years.
Price: £209,000 plus sav
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.