Restaurant for sale in Watford

Summary:

• Proof of fund required
• Huge Potential
• Heavy Footfall Area
• All Fixtures & Fittings included
• Highly Rated

Business Description

Silk Letting LTD are proud to present to the market a modern restaurant for sale in Watford. This well-established business already has an excellent client base as it is a part of a well-known franchise.

Located in a busy town centre, this area generates a heavy amount of foot traffic, and this business is always open to passing and walk-in trade. With approximately 24 covers inside the restaurant, this business will never fail to accommodate.

This business has also managed to build itself a very high reputation with a consistent number of four- and five-star reviews to back this up. It has also managed to gain a good hygiene rating of 4/5.

Existing agreements with Uber Eats, Just Eat and Deliveroo have a huge impact on the business as this is where a lot of the profit does come from.

All fixtures and fittings are included in the purchase of the business, making it ready for a new owner to get going right away.

Location and Amenities

Situated on a busy high street, this business generates a lot of custom from people within the local area. As it is surrounded by many local amenities such as pubs and a nightclub, this area generates a huge amount of footfall which leads to a lot of walk-in custom.

With a nearby car park linked to a local supermarket, this makes the business very easily accessible for the owner, staff, or customers if they need to travel by car.

Also, the business is close to local transport links making it easily accessible for anybody who prefers to travel via public transport.

Growth Potential:

This well-established business still has room for further growth allowing a new owner to expand on this.

For example, a new owner could add specific meals that cater towards vegetarians and gluten-free customers as the menu does not include a vast variety of those dishes. Doing so gives the owner a chance to reach out to a wider audience and bring in more profits and revenue.

A new owner could also expand the opening hours of the business by opening an extra two or three hours earlier. This gives the owner a chance to provide breakfast options to customers and possibly benefits people who start work earlier than others.

Financial Profile:

Tenure: Lease – Rents Property Only – 9 years remaining on the lease

Turnover is available upon request.

Property:

The property is set over two floors however, the business is beautifully set throughout the first floor with a modern aesthetic ensuring customers feel comfort whilst also creating an enticing environment.

With approximately 24 covers, this business will never fail to accommodate bringing in a lot of trade from the heavy amount of foot traffic within the area.

The business floor includes a spacious seating area which could seat groups of people, a kitchen area, a self-service area, a washroom and an office where staff members can work.

The second floor consists of a spacious storage area and a utility room

Security Features:

The business is fully equipped with a CCTV camera, an alarm system, fire alarms and shutters ensuring that everyone and everything is kept safe within the premises.

We advise our buyers not to miss out on this one-of-a-kind opportunity, this is your chance to become your own boss!

Fixtures And Fittings:

All fixtures and fittings are included in the purchase of this business making it ready for a new owner to get going right away.

A full list of assets is available upon request.

Staff:

The business does currently employ three staff members however, only one is willing to stay under new ownership.

This business is currently open:

Sunday – Thursday 11:00 am – 11 pm

Friday & Saturday 11:00 am – 2:00 am

Reason for business sale:

The owner is currently selling this business due to other commitments which creates the perfect opportunity for a buyer to take over this well-established business and take it to the next level.

A viewing of this business is highly urged to appreciate its true value and the potential it has for a new owner. Book now before somebody else grasps this perfect opportunity!

VIEWING STRICTLY BY APPOINTMENT!

If you are interested, please contact us to discuss any sale enquiries or arrange a viewing on 0161 507 9791.