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Restaurant & Bar Superb Town Centre Location
Location United Kingdom
Asking Price Range < $250K
Gross Revenues $896420
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training The owners will provide full business familiarisation, training and handover as required to ensure a smooth transfer of the business to new owners
Reason for Sale Retirement
Description High Class Restaurant & Bar
Superb Town Centre Location
Ref.AC335
Location West Midlands
Asking Price œ 145,000
This young and vibrant business was set up by the vendor to provide its customers with a fine dining experience within modern and contemporary surroundings with the added attraction of its own separate and sophisticated lounge bar on site, with regular live entertainment.
The location of the restaurant and lounge is absolutely superb, being in a very high profile part of the town with ample parking available close by. Because of this the business has quickly established itself with very impressive levels of business and profitability with a diverse range of customers, many of whom are becoming regulars.
The restaurant can cater for circa 80 plus covers at any one time (more for functions) and also has a separate lounge bar that specialises in one of the widest selection of cocktails in the area.. Both the restaurant and the bar are currently run under management. The staff are highly experienced and friendly and the restaurant has excellent chefs. The business enjoys good trade during through the day and evenings.
The vendor went to great detail and a lot of expense refurbishing the restaurant, bar and kitchens, the cost of which was circa œ200,000. The premises are superbly presented with high quality fixtures and fittings to ensure a wonderful dining experience time and time again.
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