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Preferred Commercial is delighted to offer for sale this busy French restaurant, which was established in 1996 and which has been in our clients' careful hands since 2003. The restaurant is only now offered to the market due to our clients' retirement and other ventures. The business is run at a restricted pace to suit our clients, trading 5 days a week and generating a turnover in the region of £60,000 per annum with a gross profit of 60%. Sophie's Restaurant offers home-made French cuisine along with a selection of fine wines. The turnover could be further increased by trading 7 days a week and opening in the evenings. There is also scope to embark on a modest marketing campaign. The business has an enviable reputation, winning the Cotswold Restaurant of the Year in 2005 and appearing in the Good Food Guide. There is a website in place advertising the business and services provided. The premises are well-equipped to suit the trade and have been fitted to a high standard throughout. The property has permissions for a number of uses such as restaurant, general retail, business and residential. There is planning permission in place to convert the first and second floors into owners' accommodation, comprising 3-4 bedrooms, 2 x bathrooms, lounge and kitchen. Alternatively this could be utilised as extra restaurant space or let as either residential or offices to generate additional income. We have been advised that the business benefits from small business rate relief. This is an ideal opportunity to acquire an already busy restaurant with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.
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