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BUSINESS REFERENCE : AC096 / RightBiz HIGH QUALITY & RENOWNED “SHOPPERS” FAMILY RESTAURANT | | | | | | High Quality & Renowned “Shoppers” Family Restaurant Confidentially offered for sale Ref No:AC096 Location: Darlington Within prominent shopping mall in the town Asking Price: £150,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £150000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
Established on this site for over 15 years this is a very popular and profitable family restaurant that has built up a sterling reputation for providing its clients with a wide range of good quality food and drinks at very competitive prices. Ideally located within the main atrium of the mall, close to the main entrance this business enjoys tremendous levels of trade, from surrounding shop employees, repeat business and new clients who have to pass by when visiting this multi-occupancy prime retail site. This friendly restaurant, equally popular with families, shoppers, tourists and local office workers has grown from strength to strength since inception and has a large loyal regular customer base.
The current owners have run this business since 1992 and have developed it in such a way so that diners have a very favourable experience each and every time they visit. The split level environment, creates easy access which is ideal for children’s pushchairs, and wheelchair users. The open plan layout gives a continental feel, which encourages relaxation and ‘people watching’. Whether it be the warm friendly service (all tables are waitress served), the good value or the clean and comfortable environment the restaurant provides this outlet is quite simply the place to go to sample good quality, tasty snacks, drinks and meals. With a variety of meals provided throughout the day, be it breakfast lunch or dinner, – hot and cold – all freshly prepared to order on the premises, and all very reasonably priced, this outlet is recognised by its loyal Clientele as the perfect antidote to the standard fare available from the major chains of sandwich shops and cafes that adorn the nearby High Street. The desserts are no less impressive – with a high quality selection of tasty treats. And as would be expected of an outlet of this nature, the coffee is one of the best around. Because of this it is a favoured meeting point for shoppers and visitors to the town centre.
This outlet can comfortably seat 140 diners at any one time and caters for between 400 and 500 customers a day, many of whom are regulars. Prior to the town development works commencing some 2 years ago the figures were typically 600-700 covers and at peak times the business has catered for well over 1000 diners.
The business has achieved turnover for the last two years of approx £11,000 per week . This is despite there being major redevelopment works within the town that has significantly reduced footfall within the mall and disrupted business for most retailers within the centre. All this work is now coming to completion and the business anticipates further growth in line with this re-development. This is an excellent opportunity to acquire a very popular restaurant in a prime location with a loyal Client base and significant growth potential. The business can easily accommodate such growth within its current infrastructure.
Equipment:
The restaurant and kitchens are fully equipped with all the necessary equipment and fittings as you would expect for a business of this size. All fixtures and fittings are included in the sale price (value is circa £40,000).
Customer Service:
The outlet has an excellent reputation for offering good quality food, made to order from the freshest of original ingredients at a very reasonable price and with a friendly and relaxed service. All customers are waitress served. The restaurant has excellent access and can cater for disabled and young families with push chairs etc. As part of its commitment to customer service the business holds all relevant food hygiene regulations and is also a member of Federation of Small Businesses.
Key Strengths:
As well as it’s reputation which has been built up over a fifteen year period the main strength of the business is its location. Prominently situated within the main entrance to the mall the business enjoys massive levels of passing trade and “free” advertising. It makes full use of this by tempting clients with a large range of offerings to tempt all tastes, young and old. Staff are also key to the success of the business. Prompt, efficient and friendly all staff ensure customers are well cared for.
Growth and Expansion:
One area of the business yet to be developed is the “take-away” market. The business at present does not cater for this. There is no reason why a new owner could not develop this side of the business as it is ideally located to serve those clients who have time constraints, be they eager shoppers, office workers or passing trade. Sunday hours could also be expanded, as could late night opening in line with retailers.
The original car park, which rarely had available spaces, has now been rebuilt as a brand new multi storey, twice the size, and every week sees an increase in customer use thereby augmenting shopping centre footfall.
Now that the town centre redevelopment is complete there is no reason why the restaurant cannot get back those customers who have had to travel further a field during the major disruption to do their shopping as well as new clients the development will attract to the area.
Employees:
The owners are responsible for the overall management of the business supported by a full time manageress. In addition to this the business has some forty or so part time cooks, supervisors and waiters/waitresses. All part-time staff work variable hours as and when required.
Advertising and Marketing:
The business has never had the need to advertise. Located as it is, it enjoys high levels of awareness from passing traffic as well as very high levels of repeat business from loyal and satisfied diners.
Premises:
The premises are leasehold and have a further 10 years remaining*. The business is situated on the upper floor of the mall, surrounded by many famous high street. It is located within the atrium and has open frontage with seating for up to 140 people. It also has a fully equipped kitchen and serving area. Total floor space is circa 2000 square feet. Annual rent is £80,000 . Rates are £34,000 per annum.
* The landlords may be amenable to a suitable tenant extending this
Business Hours:
Monday- Saturday 0900-1645
Sunday 1100-1600
Security:
As you would expect the site has excellent 24 hour security and CCTV.
Financial Information:
This business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The turnover for the last couple of years has been in excess of £560,000 per annum with very good gross profits being achieved, despite the disruption to business that the town redevelopment has caused. It is anticipated future takings shall increase in line with the new development. A new owner with new levels of energy could certainly improve upon this and enjoy sustained profitability.
Reason for Sale:
The current owner is selling due to illness.
Support and Training
The vendors will be happy to assist with a full handover and training for a period of time if appropriate, to ensure a smooth transfer of the business to new owners | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AC096 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
