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EXCEPTIONAL 20 COVER RESTAURANT – HERTFORDSHIRE

Chorleywood, Hertfordshire
Leasehold Price:
£19,999
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
226156
Reference
4562 / Rightbiz

Details

EXCEPTIONAL 20 COVER RESTAURANT – HERTFORDSHIRE
#1 of 16 restaurants (TripAdvisor Chorleywood Feb2019)
Fully equipped & recently refurbished - walk in condition
Good level of turnover with scope to increase
Business offers a complete lifestyle change
Situated in the village of Chorleywood
Ideal partnership opportunity
Regular and repeat trade
Genuine reason for sale
Advance Bookings
A3 Planning 
LEASEHOLD

 

Location 

 

The restaurant is located in a prominent position amongst a row of shops on a major through road in the small village of Chorleywood. Surrounded by complimentary business and residential properties the business is ideally located and sees a high footfall and passing trade.  The business benefits from communal and roadside parking with public transport nearby. The local leisure centre and local attractions bring visitors to the area. Chorleywood  is a village and civil parish in Three Rivers District, Hertfordshire.  It is situated in the far south-west of Hertfordshire on the border with Buckinghamshire approximately 20 miles north-west of Charing Cross. It is part of the London commuter belt and included in the government-defined Greater London Urban Area. Chorleywood as a parish was created in 1845 from part of the parish of Rickmansworth and is accessed via the M25, which is approximately 3 miles away, connecting to the M1, M40 and beyond.

 

 

Business History

 

Meridian Business Sales are delighted to offer to the market this exceptional 20 cover restaurant which was established by our client in 2012 and is reluctantly being offered to the market due to our clients desire to concentrate on other business interests.  Since the business was established our client has invested time and money into the business, recently refurbishing the premises, meaning that it is in full walk in condition.  They have continually introduced new lines and income streams which have enhanced the business massively.  Our client informs us that the annual turnover currently runs at a healthy level and is derived from offering clients the best of English, Italian and Spanish cuisine using fresh ingredients.  Our client offers an outside catering service; contracts and equipment for this are included in the sale. The business enjoys a strong reputation within the local community and further afield and together with word of mouth recommendations sees a high level of repeat trade together.  Currently the business, which is owner operated with one full time and 2 part time staff, is being run a pace that suits our clients lifestyle which means there is massive scope for a new hands on operator to further develop the business.  There is scope to increase the trading hours which may increase income.  Our client is happy to provide training during the transition period. Benefiting from a professional website, this easy to run business, with low overheads would be ideal for a partnership opportunity.  This is a superb opportunity to purchase a premium business with massive scope to develop further and as such early viewing is highly recommended as this superb business is not to be missed.

 

 

Tenure 

 

We are advised leasehold

Original length: 7 years

Remaining: 3 years

Rent: £1,400pcm

 

 

 

 

Opening Hours 

 

Tuesday-Saturday:

12:00pm - 3:00pm and 5:30pm - 10:00pm

 

 

Accommodation 

 

Glazed fronted shop with secured entrance to:

 

 

GROUND FLOOR PREMISES

 

Dining area decorated in neutral colours with approximately 20 covers

Bar Area

 

Hallway leading to:

 

Kitchen - part tiled

Large display fridge

Fully equipped for trade

 

 

EXTERNAL

 

Off road parking

Roadside parking

Communal parking

 

TripAdvisor Link 

 

https://www.tripadvisor.co.uk/Restaurant_Review-g1637362-d10325351-Reviews-Gusto_Bistro-Chorleywood_Hertfordshire_England.html?m=19905

Seller Details
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Listing Details
Leasehold Price: £19,999
Tenure: Leasehold
Sector: Restaurants, Cafes, Bistros
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