CoGoGo is delighted to present to the market a truly unique and exceptionally presented restaurant/bar with 3 separate rooms providing additional rental income.
The Green Room was developed by our client, who completely transformed the derelict building, investing over £130,000 to create the stunning space you can see in the business photographs attached.
Our clients wanted to create a ‘Well Being’ space where customers can enjoy both food, cocktails, hair and beauty treatments as well as fitness.
The space is divided into 4 distinct areas -
The Green Room - A fully fitted restaurant / cocktail bar alcohol licence. The restaurant has a fully fitted kitchen with a comfortable dining space for 70 people inside and available space outside for 50. The relaxed restaurant/bar serves breakfasts, lunch, dinner with live music on the weekends. They offer Spanish tapas nights every Thursday and a full roast dinner each Sunday. The menu is available to both enjoy inside the venue or to enjoy at home through via delivery partners Just Eat and Uber Eats. The restaurant currently trades five days a week (trading hours are 10am to 4pm & 6pm - 10pm weekdays & 10am - 11pm at weekends)
Key selling points -
Excellent reputation with both locals and visitors from surrounding areas
Affluent customer base (25year olds +)
Own business website - 915 subscribers
Vibrant brand presence
Fresh, contemporary decor & furniture
Facebook - 3400 followers
Instagram - 1228 followers
Popular cocktail menu (with great profit margin)
Google reviews - 4.9/5
TripAdvisor reviews - 4.5/5
The Salon - The salon is fully furnished with 3 styling chairs, 1 barber chair & 2 backwashes. The website is combined with The Green Room.
Key selling points -
No outgoings - 100% additional profit.
The Studio - A self-contained space with private access & WC (8 x 4 metre squared). Fitted with soft sprung flooring & a wall to ceiling mirror wall.
Key selling points -
Self-sufficient space
Instructors access with a coded key lock on the door.
Facebook - 478 followers
Instagram - 386 followers
The Beauty Room - The beauty room is fully furnished with a nail bar, beauty couch, pedicure chair and sink.
The valuation placed on this exciting opportunity is purely based on the level of investment and the transferable list of assets.
The restaurant turnover is growing and we believe now the Covid restrictions have been lifted, this ‘Turnkey’ opportunity offers the potential to reach £10,000 per week.
The business is being priced to sell and will include the full transfer of the fixtures/fittings, goodwill, lease and team of staff.
Further growth opportunity -
Extend current opening hours
Increase takeaway/delivery orders
Private parties (including corporate parties/events)
More advertising
A full breakdown on all fixtures, fittings and equiptment can be made available upon further request.
Financial Profile
We are advised as per the 2021 accounts, the business generated a turnover in the region of £60,000. Full financials can be made available upon further request.
The business is growing well with the 2022 turnover up 13.6% on the previous year. The turnover is in the region of £68,000.
