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Established Licence Restaurant - Milton Keynes For Sale

Milton Keynes, Buckinghamshire, UK
Asking Price:
£59,590 Furniture / Fixtures included
Turnover:
£150,602
Net Profit:
Available on request

Prominent High Street Position
Ground Floor Restaurant PLUS 4 Rooms First Floor
**Annual Accounts to 31 August 2021**
Annual Turnover £150,602 (Covid Affected - 7 Months Trade)
Annual Gross Profit £108,651
Further Financial Info Available After Viewing
Indoor Seating For 65
Outdoor Seating For 60
Strong Social Media Following
Repeat Customer Base
CCTV Throughout
Fantastic Online Reviews
Scope To Extend Opening Hours
Potential For Private Dining Experiences
EPC - C

REF 7700 – Leasehold Licenced Restaurant

Blacks Brokers are pleased to bring to the market this leasehold licenced restaurant located in Woburn, Milton Keynes.

INTRODUCTION

Woburn Brasserie was established in this affluent area of Woburn in 2001 and our client took ownership in 2018. The business offers a range of freshly prepared breakfasts, lunches and suppers as well as private function catering. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Trip Advisor. Woburn Brasserie has a comprehensive website in place and a strong social media following.

LOCATION

Woburn Brasserie occupies a high street trading position within a parade of shops and other businesses. The area is well populated commercially with neighbouring businesses being mainly independent retailers. There are also a number of tourist attractions nearby including Woburn Abbey and Woburn Safari Park. Other local amenities include schools, hotels and places of worship. The area is well linked by the M1 with very strong public transport links and parking is available directly outside for ten vehicles.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a nine year lease which began in 2013 at a cost of £862.50 per week.

STAFF

The business operates with nine members of staff in employment including one full time chef. Our client works in a managerial role on a full time basis.

FINANCIAL DETAILS

Woburn Brasserie has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the **Annual Accounts to 31 August 2021**, Annual Turnover £150,602 (Covid Affected - 7 Months Trade), Annual Gross Profit £108,651 – please note this is only seven months of trade due to Covid restrictions and closures. Full financial information is available upon request.

BUSINESS RATES

The business has a rateable value of £4,230. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This long established business occupies an enviable trading position in a stunning area of Woburn. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours and possibly a delivery service. A new owner may also look to promote the private dining area within the first floor more. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - FRI: 10:00 - 15:00 / 18:00 - 21:00
SAT: 10:00 - 22:00
SUN: 10:00 - 16:00

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