A La Carte Restaurant With 80 Covers | | Undisclosed Leicestershire | | LEICESTERSHIRE A LA CARTE RESTAURANT WITH 80 COVERS Prominent high st location with high footfall levels High student population External covers for circa 25 A/T: £130,000 Scope to introduce live music & promotional evenings L/H; £60,000 +SAV REF: 1025LE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62704
ADVERT IMPRESSIONS : 12,484 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £60,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Prominent High St location
• Good parking facilities
• High levels of footfall and vehicular traffic
• 10 minute walk to City Centre and University
• Surrounded by many other restaurants, eateries and night clubs
HISTORY
• Established for 17 years, under current vendor for 6 years
• Current vendor is an experienced hotelier with a very high level of quality and expectation reflected in the restaurant
• Restaurant is regularly frequented by both local and student clientele alike whilst being part of a regular social scene
• Considered as good quality with a relaxed atmosphere by many social networking forums and food and drink review websites
REASON FOR SALE
• Vendor wishes to pursue other ventures
PRODUCTS
• Comprehensive à la carte menu including Italian and Mediterranean dishes
• Steak nights
• Student evening/day menu
• Breakfast menu
• High quality range of coffees
• A wide range of alcoholic drinks
• Range of non alcoholic drinks
• Comprehensive wine list
SERVICES
• Offering à la carte, lunch and bar snack menus during the day and à la carte and bar snack menus in the evening, with full menu
• Business meetings
• Social events and parties
CUSTOMERS
• General public
• Events goers
• Tourists and travellers
SUPPLIERS
• All stock supplied through a variety of local sources
STAFF
• Vendor
7 x part time bar and waiting staff
• Bar Manager
• 1 x chef
TRADING HOURS
• Monday to Thursday 10am to 3pm and 5pm – 11pm
• Friday to Sunday 10am to 11pm
FINANCIALS
• Annual turnover is circa £365,000
PREMISES
• Large double frontage window
• Bar area incorporating 7 draft lager pumps, selection of wines and spirits
• Glass storage area and till
• Seating for up to 80 covers
• Clean and accessible basement cellar for beers, lager and soft drink storage
• Fully equipped commercial kitchen including:
o Chest fridges/freezer
o Commercial dishwasher
o Stainless steel sink unit
o Range cooker with gas hobs
o Grill unit
o Full extraction system
o Microwave
o Prep area stainless steel
Rear:
• Patio area to the rear with weather proof seating for approximately 25
• Large car parking area for up to 15 cars
STRENGTHS
• Imminent heavy investment in to large supermarket, gym and swimming pool
• Very well established in the city
• Loyal repeat customer base
• High visibility with very high levels of footfall and vehicular traffic
• Within close vicinity to University and main City Centre
• Premises can easily accommodate 100 + patrons
• Constant levels of revenue alongside seasonal peaks
• Very comprehensive wine list
• Produce is bought in fresh and made fresh to order on site
SCOPE
• Scope to introduce promotional evenings and live music
• Very little marketing currently undertaken
• Promotion of events, wine tasting evenings, parties & weddings would be an advantage
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: | 1025LE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
