Business Summary:
Busy Café, Bistro and Restaurant
Confidentially offered for sale
Ref No: AC123
Location: North East
Asking Price: £150,000
This is a superb opportunity to aquire a thriving, Bistro, Café and Restaurant located in one of the most popular tourist towns in North East England.
Located in a busy town centre, high street location, the business has traded as a café since the 1940’s. In 2007, the current owner transformed the business adding an upstairs Restaurant to the already profitable café. This has been an enormous success adding circa £150k to the turnover.
During the day the café serves teas, coffees and light meals. In the evening the licensed restaurant serves excellent, steak meals which are prepared in the modern fully fitted commercial kitchen using locally raised cattle from the neighbouring butcher, ensuring great quality of meat. All of the food produce is locally sourced, with finest quality meat from the local butcher and vegetables also grown and supplied locally
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| Facilities / Terms of Lease:
The superb location in this North East rural market town cannot be overestimated. Leasehold the premises comprise of a ground floor café with a bar/counter area, with the modern commercial kitchen situated at the rear. The newly re-furbished restaurant is to be found on the second floor with the third floor currently used as a useful storage area.
Rent is circa £16,000 per annum with a renewable lease available. The rates are circa £4,200 per annum. |
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| Potential
Growth/Expansion:
The restaurant has been open since May 2007. During this period evening meals have only been served upstairs, which seats circa 38 people. There is the opportunity to utilise the café area downstairs to accommodate an extra 30 diners during busy periods. |
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| Competition:
A budget was put aside for the launch of the restaurant that included local press advertising, leaflet drops and additionally an excellent web-site was created to attract customers. |
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| Owner
willing to train:
The vendor would be happy to help out for as long as is necessary, to complete a smooth transaction. |
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| Reason for selling:
The vendor has other business interests and has not been able to spend as much time on running the business as he would like to. He feels that the business would benefit with someone who can dedicate themselves to the business full time. Reluctantly he fe |
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Seller Reference Number: AC123
BusinessMart.com Listing Number: 36009 |
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