Restaurant Bar & American Style Diner For Sale

Business description

The restaurant and bar was established in 2000, as a family run business. The business has run very successfully and has a large client base which includes both families and corporate clients.

The prominent location on a busy main road ensures regular repeat business and passing trade, so much so that the current owners do not need to advertise. There is a separate function room that has been recently refurbished to an excellent standard, which includes a dance floor, air conditioning, sound system and lighting for discos. The separate restaurant down stairs seats 48 people comfortably and is managed successfully with 3 full time staff.

Property information

Property:

Leasehold

Lease terms:

The premises benefit from a 25 year renewable lease expiring in 2012 with 4 yearly rent reviews. Current rent is £18,000 per year with £6,500 business rates payable per year.

Location:

Located on a busy main road this is a glass double fronted restaurant for 48 covers, with cash desk to front, bar to rear, commercial kitchen, customer toilets and stairs to function room. On the first floor is a function room for 160 covers which has a late licence, dance floor, sound and lighting system. There is air conditioning throughout.

The premises benefit from a 25 year renewable lease expiring in 2012 with 4 yearly rent reviews. Current rent is £18,000 per year with £6,500 business rates payable per year.

Other information

Expansion potential:

This business is based in an ideal location on a busy main road and could certainly achieve increased sales and profits to maximise its potential. The business would ideally suit an owner / manager who could build on this Company’s excellent reputation and relationships with customers.

This business has not been maximised to its full potential and there is still plenty of scope to increase revenue through increased marketing and attention given to a customer database.

At present the bar and restaurant close at 4.00 pm and 6.00 pm. There is opportunity to extend the opening hours to include the evenings and by doing so increase custom and revenue.

Competition / Market:

Much of the business's revenue is a result of word of mouth recommendation, bearing strong testimony to the excellent reputation enjoyed by the business since its inception. As there is currently little, if any, advertising the owner is aware that a more active marketing campaign, including the re-designing of the website, would certainly improve custom and profitability. The implementation of some form of database management would also ensure the business fully maximises the opportunities its large customer base represents.

Support & training:

The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new owners.

Reasons for selling:

Having achieved what he desired financially from the business the owner now wishes to pursue other business opportunities he has and to spend more time with his family.

Trading hours:

Sunday – Friday 8.00 am – 4.00 pmSaturday 8.00 am – 6.00 pmFunction Room 7.00 pm – 1.00 am (usually Friday & Saturday)