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Businesses For Sale > Business For Sale in NOTTINGHAMSHIRE, UNITED KINGDOM - UK (UK)

8919NG NOTTINGHAMSHIRE FREEHOLD: £1,300,000 RESTAURANT / WINE BAR, & BISTRO for sale in NOTTINGHAMSHIRE, UK

NOTTINGHAMSHIRE, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
Undisclosed Undisclosed Undisclosed

Business Summary:
Advent Business Sales are pleased to offer to the market this superb, extremely well established restaurant with attached wine bar and bistro, which has been trading very successfully for the past nine years. The current vendor was the instigator of this well ordered business and is reluctantly selling due to other pressing challenges in his family life. The original building was the village butchers and slaughterhouse and much of the fabric and essence of this building has been kept and developed upon in a most sympathetic and outstanding manner. Needless to say, fixtures and fittings throughout the business, including the nonpublic areas are to the very highest standards. On offer is a very comprehensive wine list, simple bistro fare and snacks in the wine bar with a comprehensive menu in the two restaurant dining rooms. There is a well thought out and executed decked patio and a room above the wine bar, which is let out as a private dining room on occasions. Indeed this is booked even now for Christmas day. The restaurant limits itself to 2 sittings on Christmas Day and Mother’s Day. Generally the customer base extends to about a 15 mile radius as well as local and the business offers outside catering for wedding’s and special family occasions. There is a large car park to the corner of the building. The business has two bars and one central kitchen, both superbly equipped. Above the business is a 2 bed flat, again decorated and fitted out to the same very high standards. 4 full time employees, 16 – 18 part timers (accordingly to requirements) and the owner staff the business. Stock at valuation is approximately £6,000 - £7,000. REF: 8919NG TRADING HOURS Tues-Sat: 11.30am – 3pm & 6pm – 11pm EXPANSION POTENTIAL This business is realistically for a restaurateur/head chef looking for their own business. There is plenty of scope to push lunch time in the restaurant and to reinstate Sunday lunch, which used to generate £100,000 per annum but became to much for the present owners with their family. FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: £469,414 Gross Profit: 58% Net Profit: £100,017 with directors’ remuneration’s added back to a/cc Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES There are two entrances from the car park. The rear entrance is gained through the decked patio area. This leads to a passageway containing ladies, gents and disabled toilets, as well as housekeeping rooms. Wine bar/bistro with bar and seating for 10+ barstools, with feature imitation wood burning stove Stairway leading to the upstairs lounge, which seats a further 16 people. Original beams and features exist, giving this a comfortable rustic feel. Two further lounges, both upper and lower fitted out with soft body hugging easy chairs and settees. Main restaurant/ bar, with 26 covers, Original dining room, with beamed ceiling and 30-34 covers.. To the rear of the bar is the wine store and coffee still room with icemaker and two door wine fridge. This is also a passageway leading towards the wine bar. Behind this, a fully equipped kitchen, includes: dishwasher, deep freeze for ice cream, large two door fridge, griddle, falcon grill, cooker with oven, 6 burner top with oven, deep fat fryer & extractor hood. Stainless steel tops and work surfaces, two microwaves, a small convector oven, hot top servery. Access to the first floor is between the restaurant bar and the still room and leads to a beautifully fitted kitchen/dining area, Large main lounge, main bedroom with ensuite sitting room/study, storage cupboard, single bedroom, bath room with shower, w/c, airing cupboard and washing machine and tumble dryer. TENURE: Freehold We are advised that the annual business rates are currently: £3,187 VIEWING Please DO NOT approach the business or its employees without a prior appointment. All appointments are to be made via our office.

 

   
Year Business was Established: 1999
   
Number of Employees: 04FT/18PT  
   
Facilities / Terms of Lease: There are two entrances from the car park. The rear entrance is gained through the decked patio area. This leads to a passageway containing ladies, gents and disabled toilets, as well as housekeeping rooms. Wine bar/bistro with bar and seating for 10+ barstools, with feature imitation wood burning stove Stairway leading to the upstairs lounge, which seats a further 16 people. Original beams and features exist, giving this a comfortable rustic feel. Two further lounges, both upper and lower fitted out with soft body hugging easy chairs and settees. Main restaurant/ bar, with 26 covers, Original dining room, with beamed ceiling and 30-34 covers.. To the rear of the bar is the wine store and coffee still room with icemaker and two door wine fridge. This is also a passageway leading towards the wine bar. Behind this, a fully equipped kitchen, includes: dishwasher, deep freeze for ice cream, large two door fridge, griddle, falcon grill, cooker with oven, 6 burner top with oven, deep fat fryer & extractor hood. Stainless steel tops and work surfaces, two microwaves, a small convector oven, hot top servery. Access to the first floor is between the restaurant bar and the still room and leads to a beautifully fitted kitchen/dining area, Large main lounge, main bedroom with ensuite sitting room/study, storage cupboard, single bedroom, bath room with shower, w/c, airing cupboard and washing machine and tumble dryer. TENURE: Freehold We are advised that the annual business rates are currently: £3,187  
   
Potential Growth/Expansion: This business is realistically for a restaurateur/head chef looking for their own business. There is plenty of scope to push lunch time in the restaurant and to reinstate Sunday lunch, which used to generate £100,000 per annum but became to much for the present owners with their family.  
   
Reason for selling: The current vendor was the instigator of this well ordered business and is reluctantly selling due to other pressing challenges in his family life.  
   
Seller Reference Number: 8919NG
BusinessMart.com Listing Number: 46865
 

 

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For more info contact:

Niti Jashvir

Advent Business Sales
0844 8009092

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