Established Freehold Restaurant Near Bristol With Accommodation For Sale

Business description

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
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 information

Property:

Freehold

Living accommodation:

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

Location:

- 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.

Premises 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.

Business Operation

Expansion potential:

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

Competition / Market:

There is no local competition

Reasons for selling:

now wish to sell due to retirement and ill health

Trading hours:

Thursday and Friday: 11.00am - 2.00pm then 6.30pm – 9pm.
Saturday: 6.30pm – 9.00pm
Sunday: 12.00pm – 3.30pm

Employees:

The concern employs 6 part-time staff.

Years established:

22 years

Other information

Support & training:

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.

Furniture / Fixtures value:

£20,000 (included in the asking price)

Inventory / Stock value:

£4,000