Restaurant/cafe for sale

Business
Please quote reference B08303

Cogogo is delighted to present Reggie's Caribbean, a well-established and profitable Caribbean restaurant located in a vibrant, high-footfall area of London.

This family-run business, founded in 2011 by our client, has built a loyal customer base and a stellar reputation for authentic Caribbean cuisine over the years. Located in a bustling part of the city, the restaurant enjoys consistent passing trade and is a go-to spot for locals and tourists alike, making it a prime investment opportunity for anyone looking to take over a thriving business.

Reggie's Caribbean is located in an area known for its heavy foot traffic, drawing in customers from surrounding neighbourhoods, offices, and visitors exploring the city. The restaurant also benefits from excellent visibility, with an attractive frontage and an ice cream server at the window, which adds a unique and inviting touch to the business, especially during the warmer months. The restaurant's appealing and central location make it a favoured spot for dine-in guests as well as those ordering takeaways and deliveries.

Over the years, Reggie's has welcomed a variety of high-profile guests, including boxing legend Chris Eubank, mp Dawn Butler, documentary filmmaker Louis Theroux, and pop star Jessie J. These celebrity visits have added to the restaurant's cachet, enhancing its reputation and appeal. The warm, family-oriented atmosphere of the restaurant and its delectable offerings have earned it excellent online reviews and a strong social media presence. Customers rave about the food's authenticity, quality and service.

In addition to in-house dining, Reggie's Caribbean is well-integrated with popular food delivery platforms, including Uber Eats, Just Eat, and Deliveroo, ensuring a steady stream of orders from customers looking for the convenience of delivery. The business also maintains an active presence on Instagram, where its followers stay updated on special offers and menu items.

There are significant opportunities for growth. A new owner could extend opening hours, introduce a catering service for events, or host regular live music and themed evenings to attract an even wider clientele. Expanding the menu or adding more fusion dishes could further increase its appeal. Leveraging digital marketing to increase social media reach and exploring options like a loyalty program would also help in retaining and attracting new customers.

This is a turnkey business with an established reputation, a diverse customer base, and ample room for future growth. If you're looking for a profitable, well-established restaurant with a bright future, Reggie's Caribbean is the perfect opportunity.

Location
Located in a prime area surrounded by new developments, this shop enjoys high visibility on a busy main road. Conveniently positioned with bus stops both next to and across from the premises, it is just a short distance from Wembley Stadium and Arena, benefitting from increased foot traffic, particularly during events. Directly opposite is a hotel, providing steady trade alongside the nearby school and college, all situated on the same road. Additionally, the shop is close to local places of worship and care homes, further boosting its appeal to a diverse and consistent customer base.

Premises
The shop features a dedicated ice cream server at the front window, providing convenient service. The entire space is well-maintained and kept spotlessly clean. They offer easy access for disabled customers with a sloped entrance, double doors, and a full wheelchair-accessible restroom.

Tenure
This opportunity is being sold on a Leasehold basis.

We are advised a new 15-year lease will be put in place with rent being £25,000 per annum.

Hours
The current operating hours are:

Monday to Saturday - 1:00 pm to 10:00 pm

Sunday - Closed

Staff
The business is run and managed by our client.

We are advised the head cook will be retiring.

Financial Profile
This business generated a turnover of £19,000. Full financials can be made available upon further request.