Business Summary:
Restaurant and Cocktail Bar with
180+ covers
Ref.AC217
Location West London
Asking Price £ 200,000
This wonderful & excellent bar and restaurant was refurbished in 2003, originally the old fire station the building retains many of its original characteristics. Since then it has earned an excellent reputation for its ambience, high quality food, beers and wine. The restaurant and cocktail bar offers a range of brasserie and interesting cuisines from its menu, accompanied by good wines. Trading for the last five years it has put itself on the map as one of the most popular restaurants in the area.
It has a large patio outside with canopy and heating providing a wonderful place to relax. The ground floor has a cocktail bar with 100 covers which serves a choice of drinks. The first floor has a resturant providing delicious meal with 45-50 covers.
This bar and restaurant has a well equipped kitchen and spacious function room on the top floor providing the perfect space for all sorts of private functions , whether its business or pleasure, with a relaxed and stylish setting for 60 people.
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| Facilities / Terms of Lease:
The premises are located on a high street by the River Thames in an affluent area. The premises comprise of the kitchen, 3 bars, and 1 function room. The property is on leased, for a term of 10 years that expires in June 2010. The rent is reviewed every five years and the current rent is £50,000 per annum. The premises are equipped with the all the security system and supply of electricity and other usual facilities. |
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| Potential
Growth/Expansion:
N.A. |
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| Competition:
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation, combined with repeat customers. However with the prominent position it enjoys in this affluent and busy location, it benefits from a tremendous amount of passing footfall. Further it advertises through its user friendly website which brings customers. |
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| Owner
willing to train:
N.A. |
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| Reason for selling:
The owner is selling the business as he is reaching retirement age. He feels that the business has significant potential for growth. |
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Seller Reference Number: AC217
BusinessMart.com Listing Number: 66767 |
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