Contemporary European/English Licensed Restaurant - Prominent Parade Location - Business For Sale

Business Description

A rare opportunity to purchase an impressive and profitable European/English restaurant. The restaurant has a contemporary feel and is located in a prime position within a densely populated area along a prominent village style parade of shops.

The restaurant currently offers up to 36 covers and caters for the local community and has been run as a restaurant for the past 28 years.

The current Chef has over 20 years experience and the restaurant prides itself on producing quality food with exceptional service at affordable prices. As well as offering an Ala Carte and set menu, it also holds regular ‘Ladies Only’ nights which are always extremely popular. The restaurant also runs themed evenings such as a ‘Moroccan night’ and an ‘Italian night’ which again are very successful as there are no other Italian restaurants in the area.

The restaurant can also be booked out for ‘private parties’ which is not something other restaurants in the nearby area currently offer.

The business tends to see a number of ‘regular’ clients who reside nearby as well as pulling in other guests from the surrounding areas and ‘Passer-by’ traffic.

In addition there is a 2 bedroom double storey flat above which receives a rent of £825 per calendar month.

This business is an attractive opportunity for the right acquirer, promising:

• A great location within a densely populated area
• A contemporary and well proportioned restaurant
• Room for expansion of the restaurant, ultimately gaining additional covers
• Good catchment area as there are no other European/English restaurants within several miles
• Ability to grow turnover by increasing opening hours (currently closed on a Sunday & Monday evenings) and/or opening Lunch Times with a potential ‘coffee shop’ style format
• Restaurant floor space of 5m x 8m and kitchen area of 5m x 6m with potential to expand to increase covers

Detailed Information

Expansion Potential: Potential to expand the restaurant to make way for additional covers.

Competition & Market Info: No other European/English restaurant for several miles

Reasons for Sale: Our client is looking to sell due to ill health.

Real Estate Information

Property Type: Leasehold

Leasehold Rent: Undisclosed