Restaurant And Cocktail Bar With 180 Plus Covers For Sale

Business description

This wonderful & excellent bar and restaurant was refurbished in 2003, originally the old fire station the building retains many of its original characteristics. Since then it has earned an excellent reputation for its ambience, high quality food, beers and wine. The restaurant and cocktail bar offers a range of brasserie and interesting cuisines from its menu, accompanied by good wines. Trading for the last five years it has put itself on the map as one of the most popular restaurants in the area.

It has a large patio outside with canopy and heating providing a wonderful place to relax. The ground floor has a cocktail bar with 100 covers which serves a choice of drinks. The first floor has a resturant providing delicious meal with 45-50 covers.

This bar and restaurant has a well equipped kitchen and spacious function room on the top floor providing the perfect space for all sorts of private functions , whether its business or pleasure, with a relaxed and stylish setting for 60 people. In the day, views over the patio enhance the experience, in the evening elegant décor ensures the right atmosphere.

The premises are very prominently situated in an affluent area of Middlesex, close to the River Thames, ensuring high levels of awareness amongst the thousands of passers by every day. The décor is warm, welcoming and comfortable and customers enjoy a fine, relaxed and friendly atmosphere to dine and drink.

Every meal here is carefully and lovingly prepared and served to high standards
using only the best ingredients, fresh herbs and vegetables. There is an extensive wine list to choose from. The restaurant’s modern kitchen enables the provision of super class food in comfortable and relaxing surroundings.
This business has established an excellent amount of goodwill over the years amongst its customers, the majority of whom are successful business people and affluent professionals and it offers the purchaser a quality, proven opportunity in a superb location.
Equipment:
The business is fully equipped. The kitchen situated upstairs is of good proportion, well fitted and equipped, including a professional range cooker a host of refrigeration equipment and stainless steel preparation benches. It also has electronic tills.
Customer Service:

The business manages several thousand customers in any normal month and has the systems, processes and people to ensure that customers’ are always satisfied. High quality service, good value and a welcoming atmosphere are the cornerstones on which this business is built. The result is self evident in the business’s sustained level of repeat customers.
Key Strengths:

One of the major key strengths is the wonderful location by the River Thames. Excellent ambience brings local affluent population that provides regular and repeat business while passing cars ensures further business from tourists and business people.

Key Opportunities:
This business is an ideal opportunity for either a newcomer to the industry or an existing businessman who is looking to expand the business by undertaking advertising and marketing. It can be further expanded by making the use of the spacious function room and reaching this business to younger generation. Even simply operating the business hands on the owner can reduce the cost and make substantial profit.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable and enjoys good gross margins. The current turnover is £6,000 per week, however, the owner feels that with a full time owner / manager on the premises this figure could be rapidly increased, thus increasing profits as well.

Property information

Property:

Leasehold

Lease terms:

The property is on leased, for a term of 10 years that expires in June 2010. The rent is reviewed every five years and the current rent is £50,000 per annum.

Location:

The premises are located on a high street by the River Thames in an affluent area. The premises comprise of the kitchen, 3 bars, and 1 function room. The property is on leased, for a term of 10 years that expires in June 2010. The rent is reviewed every five years and the current rent is £50,000 per annum. The premises are equipped with the all the security system and supply of electricity and other usual facilities.

Other information

Competition / Market:

A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation, combined with repeat customers. However with the prominent position it enjoys in this affluent and busy location, it benefits from a tremendous amount of passing footfall. Further it advertises through its user friendly website which brings customers.

Reasons for selling:

The owner is selling the business as he is reaching retirement age. He feels that the business has significant potential for growth.

Trading hours:

Monday to Wednesday -5.00 pm to 11.30 pm
Thursday- 11.00 am to 11.00 pm
Friday- 11.00 am to 1.00 am
Saturday 11.00 am to 1:00 am
Sunday- 12.00 pm to 10:30 pm