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 of the business is around £300,000 with a net profit of approximately £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.
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: £179,995 plus sav
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