| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 8,491 TIME(S)
BUSINESS REFERENCE : AC098 / RightBiz PUB/RESTAURANT | | | | | | Pub/Restaurant Confidentially offered for sale Ref No: AC098 Location: Canvey Island Asking price: £130,000 | | | BUSINESS LOCATION: | Undisclosed Isle & Islands UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £130000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This family-run traditional Bar and Restaurant is a favorite destination venue, being situated within a superb location offering excellent food and a good atmosphere. Friendly and well equipped with distinctive character the restaurant offers diners a very convivial and informal atmosphere in which to dine.
Efficient and professional the pub has a smart look with stylish furniture and tasteful prints on the walls. The décor is warm, welcoming and comfortable, all the right ingredients for business people, tourists and families for a superb night out.
The restaurant has built itself an impeccable reputation for good service, fine wines and wholesome cuisine, utilizing only fresh ingredients which are cooked to order on site, creating genuinely excellent fare and unrivalled value for money.
Clients are greeted by charismatic and relaxed waiting staff who make the dining experience very memorable.
The colourful menu offers a varied choice of starters, main courses and deserts, so undoubtedly something to suit all tastes.
The bar is well stocked with a good wine selection to compliment the menu.
Equipment:
The kitchen is fully equipped and meets all required standards. The business uses PDQ for credit cards.
Customer Service:
The business has built a huge reputation (mainly by word of mouth) for offering the best value for money with a friendly service and makes every effort to produce consistently high quality food serving only quality fresh ingredients.
Staff pay strict attention to cleanliness and hygiene and are always polite and friendly, which has led to repeat business and customer loyalty
Key Strengths:
The restaurant offers quality food at affordable prices. The dining area is stylish with a good internal lay out. The business has an excellent reputation coupled with a good location and attractive and well-maintained premises.
The business benefits greatly from good local custom and strong word of mouth recommendation.
Growth and Expansion:
The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Business operations are not at maximum capacity and there remains considerable scope for an increase in operations, turnover and profit simply by gearing operations in line with current market demand
Key Opportunities:
The business offers scope for development in many areas. Initially a new owner could consider extending opening hours, offering a take-away service or catering for outside functions.
Employees:
The business is owner run plus one full time bar staff.
Advertising and Marketing:
Most of the pub’s patronage, is as a result of word of mouth recommendation, bearing strong testimony to the excellent reputation it has achieved as a restaurant of quality and unsurpassed service. The pub is listed on Yell.com although doesn’t have an active website, and undertakes leaflet drops in the local area.
Premises:
The business operates from a large detached property fully equipped and ready to go. The kitchen is fully fitted with three good bar areas. The restaurant is circa 1,000 square foot plus a further 500 square foot games room, stock room and barrel room. There is a large beer garden plus a car park for up to 70 cars.
In addition to the pub and restaurant, there is at three bedroom flat above the pub.
Annual rent is charged at £52,000 per annum with rates charged additionally at £45,000. There is currently nine years remaining on the existing Tied lease.
Business Hours:
10.00 am – midnight, seven days a week.
Security:
CCTV is in operation in the main bar area and the premises is secured by a fully fitted alarm system.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Current turnover is £196,704 with a gross profit of £111,282 and Net profit value of £29,918.
Reason for Sale:
The current vendor is selling the business due to family commitments.
Support and Training;
Support, training and handover will be provided to the successful purchaser | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AC098 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
