Advert Details

Busy Restaurant In Clifton Bristol For Sale

Details: Asking price:£225,000; Sales revenue:£400,000; Net profit:£90,000; Fixtures value:£150,000; Inventory value:£2,500

Business description: Located in a densly populated, afluent area of Bristol, with massive student population. Situated on main road in established trading pitch with other bars and restaurants. Currently trading as chic restaurant with bar potential. Internal seating of approx 60 seats with terrace seating of further 16-20. Also planning granted for single storey rear extention, providing potential for a further 30 seats.

General information: Years established:6; Employees: 10; Trading hours: 12-2.30pm & 6-11.30pm; Property:Leasehold; Lease terms:25 years 5 yearly reveiws £38k pa rent; Location:Prime location situated on busy main road with high level foot flow and passing trade.; Expansion potential:Market leader in niche cuisine virtually unopposed throughout the whole city. Scope to brand established business identity and open furhter units. Or, will easily lend itself to promoting bar business,and increase wet/dry sales ratio. Also scope to increase sales through adding a further 30 covers by way of dining room extention(local authority permission granted and available to view); Competition / Market:Immediate competitors have unrelated cuisines creating healthy competion. Many mixed food outlets including cafe, bars, large supermarket, corporate branded bars, etc.; Support & training:Full training can be given if requested; Reasons for selling:moving abroad