FOR SALE
656831
B09774 / Rightbiz
CoGoGo is delighted to bring to the market Biggles Restaurant, a distinctive and long-established dining destination enjoying a truly memorable setting at Denham Aerodrome in Buckinghamshire.
Trading under its current ownership since 2017, Biggles has a much longer history, with the building converted into the restaurant and country club in 1985. Famous for its steaks, the restaurant offers an extensive continental à la carte selection alongside fresh fish, shellfish, Sunday lunches and seasonal menus. The business also caters for couples, families, celebrations, groups and private functions, creating multiple reasons to visit throughout the year.
Quality produce, generous hospitality and its unusual aviation backdrop have helped Biggles build a substantial following, with hundreds of online reviews.
Retirement now creates an exciting opportunity for a new operator, with a handover offered and assets understood to be in the region of £80,000.
Further growth could come from modernised marketing, events, private dining and maximising the venue's distinctive location.
Viewings to be arranged strictly by appointment only via CoGoGo!
Location
Biggles occupies an exceptional position at Denham Aerodrome, Denham, Buckinghamshire, offering diners the unusual experience of watching light aircraft activity from this characterful setting. The location benefits from parking and provides a relaxed destination feel, well suited to dining, celebrations and special occasions.
Premises
The leasehold premises provide a characterful restaurant arranged for approximately 50–55 covers, with dining and hospitality areas supporting the established operation. A major additional benefit is accommodation above for up to six staff members, an increasingly valuable feature within the hospitality sector.
The building itself has over a century of history, having originally been constructed as the family home of Denham Aerodrome's owners.
Tenure
The business is offered on a leasehold basis at a current annual rent of £36,000. Approximately one year remains on the existing lease, with a new 10-year lease being offered, providing an incoming operator with the opportunity for longer-term security.
Hours
The current operating hours are:
Monday - Closed
Tuesday to Friday - 12:00 pm to 2:30 pm & 6:00 pm to 10:30 pm
Saturday - 6:00 pm to 10:30 pm
Sunday - 12:00 pm to 2:30 pm
Staff
The business operates with four PAYE staff members, with the current operators actively involved in the restaurant. A handover period will be offered to support a smooth transition.
Financial Profile
We are advised that the business generates annual turnover of approximately £453,093, with a net profit of approximately £101,085.
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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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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