Latin American Restaurant

Carnitas

Turnover circa: £240k

Adjusted Net Profit circa: £AOR

THE OPPORTUNITY

Name: Sole trader T/A Carnitas

Location: 15 Cornwall Place, Buckingham, MK18 1SB

Type: Latin American Restaurant

BUSINESS DESCRIPTION

Carnitas restaurant is a successful Latin American restaurant located in the heart of Buckingham, North Buckinghamshire which is an affluent, vibrant and busy market town. This business has an exceptional reputation for its high-quality authentic food and extensive menu offering the finest selection of premium ingredients used in their dishes. The establishment is a firm favourite amongst locals and visitors to the area with the benefit of being in a fully refurbished, modern and contemporary leasehold which has been completed to an exacting standard on a busy main courtyard shopping district of the town centre.

SERIVCE OFFERINGS

The business offers customers an exceptional dining experience with excellent service, good value, well-presented and unrivalled high-quality food prepared on premises. There is a large selection to choose from on the menu which includes a specials menu, main menu and takeaway option. The business caters for all customer requirements taking into consideration food allergies and intolerances.

The premises is presented with soft mood lighting, comfortable seating and background music to create the perfect dining experience.

OPERATIONS

The business has been established for several years and in this time has built up an excellent reputation for an exceptional dining experience, which has been a credit to the current vendor and their team. The vendors manage and work in the business full time, alongside a team of staff including the chef who is under sponsorship with the current vendor.

The business has a high-end, well-developed website that facilitates online table bookings, place orders for takeaway and features brand building imagery and detailed menu information.

The restaurant is open Tuesday to Sunday open 9/10am to 3pm, 6pm to 9.30/10pm and 10am to 4pm on Sundays.

MARKET ANALYSIS

The Latin American restaurant market in the UK has experienced notable growth in recent years, driven by increasing consumer interest in diverse cuisines such as Mexican, Colombian, and Peruvian. This trend is particularly evident in urban centres like London, Birmingham, and other major cities, where establishments are introducing authentic Latin American dishes tailored to British tastes.

The Latin American cuisine segment is projected to grow at approximately 8% during the period from 2024 to 2029. This growth is fuelled by the rising popularity of dishes like tacos, pupusas, and nachos among British consumers.

The Latin American restaurant market in the UK is on an upward trajectory, driven by consumer curiosity and a desire for diverse culinary experiences. To capitalize on this growth, it's essential for stakeholders to address challenges related to cultural representation and community involvement, ensuring that the expansion of Latin American cuisine benefits both businesses and the communities they represent.

KEY ACHIEVEMENTS

Reviews:
4.6-star rating on 'Google Reviews' with over 369 reviews.

4.5-star rating on ‘Tripadvisor’

4.8-star rating on ‘Facebook’

Loyal Customers: Regular, repeat customer base provides ongoing consistent revenue.
Food Hygiene: 5-star rating with the food standards agency.

EXPANSION OPPORTUNITIES

Delivery: Implementing a delivery service to cater to the increasing demand for at-home dining through directly employed staff to compliment food app orders.
Outside Catering: Catering services for events, parties, and corporate lunches outside of the restaurant.
Additional Locations: The business and brand is an excellent solid foundation to expand upon for an incoming operator, with opportunities to expand into additional locations throughout London and the UK.
Franchise: The business holds exceptional brand presence and presents an excellent opportunity to franchise the business to would be restaurateurs with the support of this established business.

FINANCIAL OVERVIEW

Detailed financial statements will be made available to interested parties.

PREMISES

The premises have been fitted with an exceptionally high standard both inside and out with excellent frontage, on a busy retail courtyard in central Buckingham providing the perfect opportunity for passing trade.

The restaurant has a seating capacity for 48 covers internally and benefits from external seating for 15 in the courtyard. The premises is available by way of a lease assignment at £31,000 per annum with three years remaining on the lease.

The vendor has made significant improvements to the property since inception and introduced new catering equipment and furnishings which offer a warm and welcoming environment for customers and requires no further investment from an incoming operator who can capitalise on the extensive fit out to date.

Viewing is essential to appreciate the quality of the business on offer.

FURTHER INFORMATION

Further information is available by speaking with us and viewings are strictly by appointment only.

For more information, please contact us.