Superbly Located Riverside Restaurant & Cafe In Middlesex For Sale

Business description

Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £500,000 with a net profit of £160,000 (see financial summary below).
- A business with tremendous potential.
- An easily run operation.
- Good loyal well trained staff.
- An ideal purchase for a successful restaurant chain wishing to increase and develop their business portfolio.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides an extensive high quality menu of breakfasts, starters, sandwiches & light bites, salads, main courses, platters, deserts, Sunday roasts, hot & cold drinks, wines, beers & spirits.
- Superbly presented, located in a contemporary location with excellent canal and riverside views with ample internal and external seating. There is also free WiFi available.
- The recently appointed Head Chef has recently completed an apprenticeship with Gordon Ramsay and is highly recommended.

History
Phoenix Business Transfer Agents are delighted to place onto the market this superbly located riverside restaurant & café in Middlesex which has been established since 2005. The business has been in the hands of the current owner since 2010 and they now wish to sell due to wishing to pursue other business interests.

Services
This very good business opportunity provides an extensive and high quality menu of breakfasts, starters, sandwiches & light bites, salads, main courses, platters, deserts, Sunday roasts, hot & cold drinks, wines, beers & spirits. The concern is located in a superbly presented, contemporary location with excellent canal and riverside views with ample internal and external seating.

Staffing
The concern employs one full time and two part time members of staff.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business in local press, local signage, banners and has a website currently in development.

Competition
There is no local competition.

Market
The client base consists of local residents from the luxury apartment development as well as high profile business and television based clientele from the nearby areas of Chiswick and Kew.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include early morning breakfasts and late evening service up to 11.00 pm.
• 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 Details
The property is terraced, part of a parade of shops and is approximately 2,500 sq ft. The front is branded with an attractive glass front. The main customer service area is of high quality wooden flooring. It is very well presented and is very conveniently laid out.

The café/restaurant has 60 covers internally and up to 120 covers externally across a spacious terrace and balcony. The customer service point is to the rear. There is an overhead menu. There are customer toilets.

To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.

External
To the front there is an extensive terrace and balcony area.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £150,000.

Financial Details
The present annual turnover is £520,000 with a gross profit of 70% and a net profit of £160,000 with a massive refurbishment and re-branding taken into account which adds up to an additional £150,000. The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £800,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20 years with 20 years remaining. The rent is £11,000 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are £7,500.

Leasehold rent:

£11,000 pa per annum

Location:

- Situated in the highly exclusive Brentford Lock development in Middlesex.
- Prominent location on main arterial road.
- Part of an up market canal and riverside development of shops, restaurants and luxury apartments.
- Excellent parking facilities nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the M4, A4 and A315.
- Kew Royal Botanical Gardens, Syon Park, Guunersbury Park and Osterley Park all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 2,500 sq ft. The front is branded with an attractive glass front. The main customer service area is of high quality wooden flooring. It is very well presented and is very conveniently laid out.

The café/restaurant has 60 covers internally and up to 120 covers externally across a spacious terrace and balcony. The customer service point is to the rear. There is an overhead menu. There are customer toilets.

To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.

External
To the front there is an extensive terrace and balcony area.

Size in square feet:

2,500 sq ft

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 including local and internet advertising.
• Increasing the opening hours to include early morning breakfasts and late evening service up to 11.00 pm.
• With an enhanced website.

Competition / Market:

There is no local competition.

Reasons for selling:

Owners wish to sell due to wishing to pursue other business interests.

Trading hours:

Monday to Sunday: 8.00 am – 7.00 pm.

Employees:

The concern employs one full time and two part time members of staff.

Years established:

6 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:

£150,000 (included in the asking price)

Inventory / Stock value:

£5,000