Authentic Caribbean Restaurant and Cocktail Bar for Sale in Worcestershire
Worcester, Worcestershire
- Status
UNDER OFFER
- Date Submitted:
23/08/23
- Advert ID
518640
- Reference
B07480 / Rightbiz
- Call Agent:
- Leasehold: £50,000
- Turnover: £300,000 (£5,769 Per week)
- Net Profit: Not Applicable
Business Details
Restaurant with a prime location for sale
Business***OPTION TO RENT THE ASSETS FROM THE SELLER AT A REDUCED ASKING PRICE OF £35,000***
Please quote reference B07480
Hilton Smythe are delighted to welcome to the market Tortugas, a highly rated restaurant and Cocktail bar in Worcester.
The business was first established by our client in 2021, building up an excellent reputation and regular client. As seen by the many fantastic online reviews and ratings, the business is extremely popular within the local community.
This business opportunity as now come to the open market due to our clients desire to move on.
Tortugas is an independently run bar and kitchen, serving up great Caribbean food & Tiki cocktails in the heart of Worcester city centre.
The business was founded by the current owner when he identified a gap in the food and drink scene in Worcester.
The business offers a truly authentic experience and offers an extensive menu. Food is freshly made to order on the premises using local produce wherever possible. Customers can dine in, takeaway their food away or have it delivered via Just Eat.
The sale will include the company website and the business enjoys good visibility on the internet with great reviews.
Key selling points -
- Prime trading position in the centre of Worcester, close to the Cathedral and other city centre attractions
- Current owner happy to offer a handover and support to ensure the continued success of the business
- Well established business with an enviable reputation and many existing customers
- Ideal owner managed or partnership business
- Perfect business for an ambitious chef looking for their first business opportunity
- A real opportunity to increase turnover and profits significantly, current owner has been running at a pace to suit due to other business interests
- Advertising and Marketing campaign
- Maximise the use of social media platforms
- Extend the opening hours
- Introduce a customer loyalty card/scheme
- Explore online voucher offerings from the likes of Wowcher , Groupon and Taste Card etc
Location
Tortugas is located on Frair Street, in the city centre of Worcester.
The business is beautifully presented and maintained with clear visible signage, sitting alongside other complimentary businesses, receiving high levels of footfall.
There is free on-street car parking for 45 minutes and the business is only a few minutes walk from a number of inexpensive public car parks.
Premises
The business occupies generous premises ideally suited to the trade in an attractive Listed building with bar and restaurant areas along with a comprehensively equipped catering kitchen. There is a formal dining area and the premises accommodate approximately 52 covers.
Tenure
We are advised that the business is being sold on a Leasehold basis. As our client owns the freehold, a new lease will offered to the new buyer.
Hours
The current trading hours are -
Monday - Closed
Tuesday to Thursday - 4:00pm - 10:00pm
Friday to Saturday - 12:00pm - 12:00am
Sunday - Closed
Staff
We are advised that the business has 4 full-time, 6 part-time and casual staff members, as and when needed.
Financial Profile
We are advised the turnover as of the 2023 accounts is over £300,000
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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