Upmarket Restaurant And Entertainment Venue With High Profits | | Undisclosed Worcestershire | | WORCESTERSHIRE ENTERTAINMENT VENUE WITH HIGH PROFITS 160 Covers with live entertainment Regular coach party trips Excellent reputation and repeat trade A/T: £314,800 GP: £226,200 NP: £47,500 Scope to extend hours and approach more coach co L/H: £250,000 For a share sale REF: 9806WR | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 54506
ADVERT IMPRESSIONS : 14,466 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £250000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is ideally located just 2 minutes short drive off the M5 motorway in Worcestershire.
The restaurant has an extensive own private car park, which can hold numerous coaches as well as cars.
THE BUSINESS
Advent Business Sales are pleased to have been instructed to offer to the market this extremely well established and profitable carvery restaurant and entertainment venue.
Founded over 16 years ago by the present vendors, the business is only now being reluctantly offered for sale to enable them to concentrate on their other businesses.
The restaurant can have up to 160 diners at any one time, in a modern setting, with a stage in one corner to allow for the extremely popular entertainment programme.
The live entertainment is from Wednesdays through to Saturdays, although due to popular demand during December, entertainment is on every night except Sundays.
The business has regular coach party trips throughout the year, which are usually on Wednesday and Thursday lunch times.
The restaurant has an excellent national reputation for providing quality fayre at a very reasonable price and for giving outstanding entertainment. The business has a very high repeat and referral trade from its many satisfied customers.
The restaurant has 7 full time staff, which includes the 2 vendors and 7 part-time, who work on average 16 hours per week each. They are currently achieving circa £9,000 per week average sales with a gross profit of approximately 72%.
The restaurant has an excellent fully fitted commercial kitchen.
We are advised that stock at cost is approximately £3,000.
TRADING HOURS
Mon: closed
Tues – Sat: 11.30am – 2pm & 5.30pm – 12 midnight
Sun: 12 noon – 3pm
EXPANSION POTENTIAL
This is clearly already a first class business. It does however, still offer huge potential to increase both sales and profits further by:
1. Opening on Mondays and Sunday evenings
2. Opening in the mornings to get the breakfast trade
3. Approach more coach companies to increase that element of the business
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £314,867
Gross Profit: £226,271
Net Profit: £47,589
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
Lobby entrance via a covered walkway from the rear car park.
Ground Floor
• Side waiting room with comfy seating facing bar
• Side male, female and disabled toilets
• Large restaurant area with circa 160 covers
• Rear commercial kitchen
• Staff W/C
• Spirits store
• General store
• Stairs to first floor
First Floor
• Office
• Wine stores
• W/C
• Changing room for artists
• Stairs to second floor
Second Floor
• Stores area
External
• Around 24 alfresco covers which are in a small enclosure in front of the restaurant
The business is fully double glazed and is alarmed.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9806WR / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
