Award-Winning Mediterranean Restaurant in City of London for Sale
Ruislip, London
- Status
FOR SALE
- Date Submitted:
29/10/19
- Advert ID
251602
- Reference
B05640 / Rightbiz
- Call Agent:
- Leasehold: £129,950
- Turnover: £337,685 (£6,494 Per week)
- Net Profit: £68,364 (21% Profit margin)
Business Details
Award Winning Restaurant
BusinessPlease quote reference B05640
Hilton Smythe welcomes to the market Ora Brasserie an award-winning restaurant that was opened in 2017 by our clients who are now looking to sell due to other commitments.
Ora Brasserie is a fine Mediterranean restaurant serving superb food and a great selection of wines over lunch and dinner, with menus which include vegetarian, gluten free and dairy free options. Ora are proud to have won the Best Mediterranean Restaurant 2019 – West London.
We are advised the team has decades of West End experience in top restaurants, which have brought in many strong on-line reviews including 4.6/5 Google reviews, 4.9/5 Facebook reviews and 4.5/5 reviews on TripAdvisor along with a 2019 certificate of excellence. The business website is included in the sale.
Ora Brasserie is a profitable business, however there is scope for development by considering opening for breakfast and lunch throughout the week.
Hilton Smythe highly advise early viewing to avoid disappointment.
Location
Ora Brasserie is located in Ruislip Manor which is an area of Ruislip in the London Borough of Hillingdon.
Located on Victoria Road a main shopping street in the area, in a densely populated town and only a few hundred yards from Ruislip Manor train station means there is a high footfall to this already popular restaurant.
The restaurant itself occupies a corner position with external seating under a canopy and is easily identified, there is free parking close by for staff and customers alike.
Premises
The business was opened by our client in 2017 with a refurbishment cost in the region of £140,000 and occupies a double fronted corner position on a high footfall and densely populated area.
Outside there is external seating for up to 28 guests under a canopy and the entrance door takes you to the main restaurant area with seating for 60 guests on individual tables. The restaurant is fully air conditioned with an tiled flooring within the reception/bar area. The remainder of the restaurant has wooden flooring.
The bespoke bar/reception has shelving and hanging for glasses and bottles, drinks display fridge, coffee machine, glass washer and sink etc.
There is a fire exit to the side of the main restaurant area and access to the toilet area, which has separate male and female toilets, is wheelchair accessible. There is a storage area off the toilet area.
The stainless steel industrial kitchen has 6 burner stove, gridle, double fryer, convection oven, dishwasher, sinks, fridge and freezer, tiled floor, industrial extractor fan and 3m x 2m walk in chiller.
Tenure
We are advised the business is being sold as a leasehold business opportunity with a 15 year lease from 2021 with 5 year break clauses and rent
reviews.
The annual rent is £31,000 and business rates are currently paid at £5,300 per annum.
Hours
The business opening hours:
Tuesday - Friday: 5pm – 10.30pm
Saturday: 12pm – 3pm & 5pm – 11pm
Sunday: 12pm – 8pm
The new owner should consider opening for breakfast and also for lunch during the week.
Staff
The business is run and managed by our client, with the help of 5 members of staff.
Financial Profile
Ora generated an advised turnover of circa £337,685 as of the 2018 accounts, with a gross profit of £207,785 a net profit of £68,364 and an adjusted net profit of £94,603
The assets being sold with the business are worth in the region of £50,000 and the average stock value is in the region of £5,000.
Please quote reference B05640
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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