Quality Tapas Restaurant Bar in Northampton For Sale

Business description

Ridgecote Business Brokers are delighted to place onto the market this very popular Tapas Restaurant Bar which has been established since 2003.

This very good business opportunity currently provides an exclusive Spanish Tapas Bar coupled to a Spanish dining experience. It provides a truly memorable eating experience in Northampton. Quality food is provided at very reasonable prices to suit all pockets.

The restaurant caters for all people from those who are seeking good food as part of their evening entertainment such as before or after visiting the renown Derngate Theatre to those for whom the evening’s entertainment is the meal itself. This flexible approach has produced a good and growing clientele.

The premises have been completely renovated to a very high standard and a substantial sum has been spent on fixtures and fittings and modern equipment making the restaurant suitable for various other cuisines.

Property information

Property:

Leasehold

Location:

This excellent business opportunity is situated in the town of Northampton in the county of Northamptonshire. It enjoys a close to town centre location along one of the main areas for eating establishments and is in close proximity to the County Cricket Ground. There are many well known shops and entertainment establishments in the area which attracts customers day and night.

Northampton itself is very well placed, being just off the M1 motorway. The train station is very close by.

Premises details:

The property is very well presented and is situated over 3 floors. The basement contains two commercial freezers and a storage area for dry goods. The main Tapas bar and restaurant is housed on the Ground floor providing 38 cover plus a maximum of 8 more at the designer bar. A further 25 covers are situated on the first floor.

The main restaurant area is located in the impressive contemporary styled extension which is both light and airy.

There are tiled floors and a down and spotlights. All the furniture is of high quality and the designer bar area serves as a friendly reception desk to greet guests. In total there are 72 covers including on the upper level of the restaurant.

The kitchen area is cleverly designed as an extension to the bar itself providing a feeling of inclusiveness for everyone in the restaurant helping to create a friendly atmosphere.

On the first floor there is an excellent private party area providing 25 covers. There are also rest-rooms on this floor which have been built and maintained to a very high standard.

Business Operation

Expansion potential:

The business has huge potential. In particular the turnover and profits can be increased by:

- Extending the opening times to include Lunch Time trade
- Offering Delivery service to the extensive Northampton business community
- Promotions i.e. back to back deals for Theatre goers
- Have ‘Themed’ nights for General and Private Parties
- Take Away food – a space at the front of the restaurant could be converted into a comfortable seating area for customers who could partake of a refreshing drink whilst waiting.

• The business will enjoy organic growth as it matures
• The concern requires more marketing and promoting
• The end of the credit crunch will produce much higher turnover.
• The owner would be available for a business familiarisation period for the benefit of the new owners if required

Reasons for selling:

Regrettably illness forces the sale

Trading hours:

The business currently operates from Tuesday to Friday between 6p.m. until 11.00p.m. and on Saturday 12.00p.m. to 3.00p.m. and 5p.m. to 11p.m.

Employees:

Part time

Years established:

5 1/2

Other information

Support & training:

The current management would be available for a business familiarisation period for the benefit of the new owners if required

Inventory / Stock value:

£5,000

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