Seaside Resort Restaurant/Bar with Accommodation in Hornsea For Sale, £100k Annual Turnover
Hornsea, East Riding of Yorkshire
- Status
FOR SALE
- Date Submitted:
14/08/23
- Advert ID
518070
- Reference
2976_F / Rightbiz
- Call Agent:
- Freehold: £389,950
- Turnover: £100,000 (£1,923 Per week)
- Net Profit: Not Applicable
Business Details
Seaside Resort Restaurant Bar with Accommodation
BusinessCoGoGo is delighted to welcome to the market this well-established and popular restaurant & bar in the seaside town of Hornsea, East Riding of Yorkshire,
The business was originally established in the 1960s and has been in our clients’ careful ownership since 2008. Only now is the business being offered to the market due to our clients’ desire for retirement. The business operates 7 days per week and generates a turnover in the region of £100,000 per annum, with a good gross profit.
Our clients’ offer a wide variety of freshly prepared fayre, using only the finest locally sourced produce. The restaurant is very attractively furnished and is fitted out to suit the trade with approximately 30 covers. The licenced bar is extremely well fitted out and boasts a further 32 covers plus standing areas. The property also offers spacious 3 bedroom accommodation to the first floor, which could be used by new owners or let out to generate further income.
The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. The restaurant and bar boasts excellent reviews on the popular travel website Trip Advisor.
We feel there is scope to increase the turnover by extending the opening hours, as the business is currently run at a pace to suit our clients. A new owner could also embark on a modest marketing campaign to highlight the excellent fayre and service offered. We also feel the business would benefit from the launch of a website to promote the business, which could incorporate online booking facilities.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
Location
Swiss Cottage Restaurant & Bar occupies substantial two storey premises, ideally located within the seaside resort town of Hornsea, East Riding of Yorkshire. The property is surrounded by a mix of residential and commercial properties, just a few minutes’ walk from the beautiful beach, therefore the business benefits from a high volume of footfall and passing trade. The business further benefits from good car parking facilities, with a large car park opposite the premises.
Hornsea is a small seaside resort, town and civil parish in the East Riding of Yorkshire. The town boasts a beautiful Blue Flag beach, quaint promenade and a towering Victorian folly. Once known for its pottery production, the town is now home to Yorkshires largest freshwater lake, which boasts over 250 species of birds and plenty of opportunities for sailing, fishing and feeding the ducks and swans.
The area of the business is well served by the public transport system, with a bus stop just a few meters away from the premises. The nearest railway station is Nafferton, which is approximately 16 miles away. The area is also well served by the A-roads, with the A1035 being within easy driving distance, which links to the national A-road and motorway networks. Beverley is approximately 13½ miles away and Hull is 16½ miles away.
Premises
Substantial two storey premises in an ideal trading location, briefly comprising:
Ground floor with:
Licenced bar:
Fully carpeted throughout.
Reception lounge area with attractive furnishings.
32 covers.
Fully fitted bar with 6 points of dispense, a range of optics, bottle chiller display cabinets, storage shelving, glass washer and electronic cash register.
Restaurant with:
Fully carpeted throughout.
Attractive furnishings.
32 covers.
Commercial kitchen with:
Full extraction system.
Stainless steel work surfaces.
6 x burner gas cooker.
2 x deep fat fryers.
Dishwasher.
Five pot Bain Marie.
Salamander.
Various refrigerators.
Grills.
Freezers.
Ladies and gents WCs.
Beer cellar/bottle store with delivery access.
First floor with:
Spacious lounge area with patio door to balcony terrace.
Kitchen with fitted wall and base units.
Office/study.
3 x bedrooms.
Family bathroom.
Separate WC.
External:
Well signed.
Side access to private parking facilities for 3 vehicles.
Garden to rear.
Lean to store.
Utility /laundry room.
Double garage with walk in freezer.
Tenure
We are advised Freehold.
Hours
The business is open:
Monday – Friday: 7.00pm – close
Saturday: 6.30pm – close
Sunday: 12.00pm – 3.00pm and 7.00pm - close
Staff
The business is owner run and managed with 6 x part time staff members.
Financial Profile
The business generates a turnover in the region of £100,000 per annum, with a good gross profit.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.
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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.
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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.
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