Established Freehold Restaurant Near Bristol With Accommodation | | Saltford Bristol | | Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Restaurant which has been established since 1980. The business has been in the hands of the current owner since 2006 and they now wish to sell due to retirement and ill | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71677
ADVERT IMPRESSIONS : 7,918 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | ASKING PRICE: | £459,000 | FREEHOLD: | £459,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the Saltford area of Bristol.
- Prominent location on main arterial road.
- Adjacent to a parade of shops.
- Excellent free parking facilities.
- Surrounded by a well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A4, A39, A36 and A431.
- Bristol, Bath and Keynsham all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £100,000 pa with a gross profit of 70% (see financial summary below).
- The business has A1, A2 and A3 licenses.
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband wife team
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Classic Homemade British Bistro Cuisine.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Restaurant which has been established since 1980. The business has been in the hands of the current owner since 2006 and they now wish to sell due to retirement and ill health.
Services
This very good business opportunity provides Classic Homemade British Bistro Cuisine.
Staffing
The concern employs 6 part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in local free newspapers, magazines and has a website.
Competition
There is no local competition.
Market
The client base consists of mainly local residents from this very affluent area.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include 7 day trading, currently closed from Monday to Wednesday and Sunday evenings (see trading hours below).
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is detached and is approximately 750 sq ft. The front is branded. The main customer service area is wooden and it is very well presented and is very conveniently laid out. The restaurant has 40 covers. The customer service point is to the middle. There are customer toilets. To the rear there is a store room, dry store and laundry room. There are staff facilities and a fully fitted kitchen.
First Floor
On the first floor is a two double bedroom apartment which includes a self contained studio flat, there is also a living room and office which could be used to create a further bedroom.
External
To the front there is a garden which includes seating for up to 12 customers.
To the rear is a good size garden with a garage and easy rear access.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £20,000.
Financial Details
The present annual turnover is £104,000 with a gross profit of 70%. The present value of the stock is £4,000.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Thursday and Friday: 11.00am - 2.00pm then 6.30pm – 9pm.
Saturday: 6.30pm – 9.00pm
Sunday: 12.00pm – 3.30pm
Tenure
The business is freehold and the business rates are £4,000.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £459,000
Ref: 2448 | | | | | | FOR SALE | | | | | REFERENCE: | 2448 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
