An exciting opportunity to acquire a beautifully presented and well-established restaurant located in Bakewell, one of the Peak District’s most desirable and affluent market towns. This highly attractive business has built an excellent reputation for quality dining and offers an intimate and stylish setting that is ideally suited to destination dining, private events and special occasions.
The restaurant accommodates approximately 66 diners and has recently undergone an extensive refurbishment, with our client investing in excess of £200,000 into the premises. The quality of the fit out and overall presentation provides an incoming purchaser with a genuine turnkey opportunity, with substantial capital expenditure already complete.
The business is currently operated very much at a pace to suit the owner and now trades on a restricted basis of just four evenings per week, opening from 6:00pm until 9:00pm. Despite these limited trading hours, the restaurant continues to generate average weekly sales of circa £4,000 equating to annual turnover of approximately £208,000.
Historically, the business traded over the same four-day period but operated for around nine hours per day, achieving annual turnover in the region of £440,000. This clearly demonstrates the strength of the business and highlights the significant opportunity available to a new owner to increase sales by extending opening hours, broadening the trading pattern and developing additional revenue streams such as private dining, events and daytime trade.
This is a rare opportunity to acquire a quality hospitality business in an outstanding location, with the sale being brought to market solely due to our client’s family commitments.
The business is offered for sale at £125,000 plus Stock at Valuation, by way of an asset sale. Given the significant investment into the refurbishment and the standard of the premises, we believe the asking price represents excellent value for money.
This opportunity would suit a hands-on owner-operator, hospitality couple or experienced restaurateur looking to acquire an attractive venue with strong foundations, a proven trading history and clear potential for growth.
- Prime location within a highly desirable Peak District market town
- Elegant restaurant catering for approximately 66 covers
- Extensive refurbishment with expenditure in excess of £200,000
- Currently trading just four evenings per week (6pm–9pm)
- Average weekly sales circa £4,000
- Previously achieved annual turnover in the region of £440,000 from extended trading hours
- Significant scope to increase turnover and profitability
- Offered at £125,000 + SAV by asset sale
- Genuine reason for sale due to family commitments
