Restaurant for Sale Serving Mediterranean Cuisine
Popular Foodie Spot for Sale in Prime Neighborhood
Asking price
UGX 120,000,000
Space size
480 sqm
Monthly rent
UGX 8,500,000
Founded
2014
Team size
11 - 20
Description
A high-volume Mediterranean restaurant, with over a decade of successful operation, is now available for acquisition in Kampala's pinnacle suburb of Kololo. The business operates out of a spacious 300 sq. metres. villa located near the busy Logogo Bypass.
Originally established in 2013 and later acquired by the current owner in early 2020, the restaurant offers a wide variety of Mediterranean cuisine and an array of desserts that appeal to a broad customer base.
Surrounded by densely populated residential areas, including apartments, townhouses, and single-family homes, as well as numerous modern shopping malls, the restaurant benefits from steady spillover traffic.
- High Traffic & Potential: You'll benefit from a steady stream of customers eager to explore the highly desirable area and grab a bite.
- The space can accommodate up to 160 guests, offering 100 indoor seats, 30 outdoor seats, and a private room that holds an additional 30, making it ideal for large groups and corporate events.
- The diverse and loyal customer base reflects the mixed demographics of the area, attracting individuals and families from various backgrounds.
- Ideal for Various Concepts: Whether you're looking to serve fast-casual bites, craft coffee, artisanal food, or a full dining experience, the possibilities are endless in this dynamic location.
- The business has a full service liquor bar, full service kitchen and outdoor bar and patio
- The restaurant also includes a small grocery section, which sells Mediterranean/Persian items such as oils, spices, cheeses, and much more you can't find elsewhere.
- The business is highly profitable, has loyal customers, and experienced staff handle daily operations, allowing the owner to focus on management.
- The restaurant currently has six employees consisting of 3 full time for the BOH and three part-time servers. Well standardized operating procedures for any owner operators to take over.
- Below market lease terms with renewal option.
The current owner manages the business part-time, overseeing daily operations and bookkeeping. The sky is the limit with someone with restaurant experience and some creative marketing.
They are talking business
7 buyers in active discussions
Business strategy
Growth rate
7%
Customers
101 - 500
Business model
- Business-to-business (B2B)
- Direct-to-consumers (DTC)
- Business-to-consumer (B2C)
The dining scene in Kololo is healthy with high-dining having a natural preponderance towards DTC and business meetings
Assets & FFE (Furniture, fixtures & Equipment)
- New POS Order Counter system with 3 new touch screen stations
- One 12 foot vent hood
- One 36 inch flat top grill
- One 21 and a half inch gas grill
- One 36 inch 6 burner gas stove with oven
- Two Avantco 14 inch double basket fryers
- One 54 inch two door true refrigerator
- One 3 foot chef base freezer
- One 37 inch Avantco chef base refrigerator
- One 32 inch stand up freezer
- One Walk in cooler and freezer
- One Hoshhizaki ice machine
- One 6 foot avantco refrigeration line prep station
- One 5 foot Avantco salad prep station
- Two stainless steel prep tables
- One 3 bay Servewell warmer
- One Super System stand up oven and warmer
- One Amana commercial microwave
- One Robot Coupe with attachments
- One Meat Slicer
- One Commercial waffle iron
- One Hatco bread toaster
- One Merrychef One 2 bay soup warmer
- One SEMF 20 stand up mixer
- One Bunn Tea brewer
- One Rectec BFG smoker
- One leased Ecolab dish washer
- 13 tables inside 46 chairs inside
- 5 bar tables inside 25 bar stools inside
- 5 foot Avantco 4 beer tap refrigerator
- 4 foot avantco refrigerator
- 1 single beer tap refrigerator
- 26 inch Avantco beer mug freezer 2 ice coolers
- Two 80 inch TVs
- 55 chairs with tables
- 4 burner electric stove whirlpool
- 2 door Avantco refrigerator chest
- 4 bay electric food warmer
- Nuova espresso machine
- Fetco coffee bean grinder
- Rice Cooker
- Small wares such as bowls and plates and utensils
- Domain
- Marketing materials
- Security camera and alarm system.
- Numerous positive online reviews
- Integration with third-party delivery platforms.
The business is on a solid footing with soft assets like credibility from loyal base, digital presence as well as hard assets like its near-new inventory.
Growth opportunities
- Expanding services, such as adding a Sunday lunch buffet or introducing new menu items.
- The restaurant currently does not offer any 3rd party delivery services such as Uber, Grubhub, or door dash. New owner can explore this avenue.
- Increase pricing
- Social media marketing
The restaurant was offering a lunch buffet until covid. The new owner can start the lunch buffet again to grow lunch sales. All buffet equipment is ready to go but will need two additional staff.
Competitors
- Kololo is big on fine dining but each restaurant covers its own niche
While there are competitors in the vicinity, this restaurant distinguishes itself through its broader menu selection, competitive pricing, and strong reputation within the community.
Transition Details
Training & support
- The owner will provide ample training for a smooth transition.
Real Estate
- Leased
Financing
- None
Reason for selling
- Many other commitments
Location Details
Highway
Lugogo Bypass
Access Road
Wankulukuku Road
Neighborhood
Kololo
District
Kampala
