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

CH146-Gloucestershire-£375,000-Popular Restaurant and Catered Events Organiser for sale in Gloucestershire, UK

Gloucestershire, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 375,000 £ 1,500,000 Undisclosed

Business Summary:
Popular Restaurant and Catered Events OrganiserRestaurant within exclusive gated rural developmentSpecialism in weddings & corporate eventsRef. CH146Location : GloucestershireAsking Price : £375,000 inc. net assetsThis opportunity is organised in two parts, the first part is a busy and popular restaurant and the second part is a catered events company specialising in weddings and corporate events. They each share management and staff but trade under different names with their own trading goodwill.The head chef at the restaurant is also the head chef for the catering company and brings the highest standards of quality to every menu.The RestaurantThis restaurant was opened by the vendor for the exclusive use of residents and their guests in this private, gated community of luxury homes, set in a beautiful corner of Gloucestershire and has grown, in that time to become well established and profitable. Alongside the restaurant and for the benefit of residents, a general store retails many of the usual, every-day food provisions.As the single location for dining out within the development, it would be very easy to allow an open all day environment for breakfast, lunch and dinner to become stale or boring but in the hands of the head chef, the menu varies regularly and maintains the interest of the development’s permanent residents and delivers a very high added-value experience for guests and those vacationing.The restaurant also does very well for residents with its take-away and home delivery service, which is particularly busy during evening and weekend periods.All of the necessary equipment is included in the sale and the core team manages the majority of tasks; temporary staff are relied upon for support during busy periods or staff holidays.The restaurant is a stand-alone building in the same contemporary style as that of the residential development, with lots of glass & wood and offers a comfortable and light eating experience.

 

   
Year Business was Established: 2010
   
Number of Employees: 09FT  
   
Facilities / Terms of Lease: The restaurant is circa 800 square feet inside and can accommodate 50 covers and the outside area can accommodate 70 covers. The kitchen is circa 600 square feet and is equipped with all the equipment necessary for a successful commercial catering operation. There is a separate suite of management offices and a very unique space for tasting events and general meetings. The premises are located within a private, upscale gated residential development, covering many acres of this beatiful corner of Gloucestershire. It is close to areas of outstanding natural beauty and is popular with holiday makers and permanent residents who have made their homes on the estate. The premises are near main trunk roads and a short drive from the A419 and the M4 Motorway. The lease period is 5 years with 2 years remaining.  
   
Potential Growth/Expansion: Both of these trading entities, are located in the same premises within the same gated development and this gated development is growing all the time; the restaurant has been provided for by the estate management, to grow as the development itself grows. The catered events management company could expand its roster of venues, increase its marketing effort, expand its activities in other areas of the UK and develop the corporate events part of the business; in this way it represents a significantly scalable opportunity for those interested or already in this sector.  
   
Owner willing to train: The current owners would be happy to provide full training and support at handover.  
   
Reason for selling: The vendors have many business interests, all of which are maturing and becoming increasingly more demanding all the time; for this reason they feel that they have taken this business to the limit of their resource and believe that it is right to sell the  
   
Seller Reference Number: CH146
BusinessMart.com Listing Number: 239504
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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