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Well Established Restaurant On The River Front In Cheltenham For Sale

Cheltenham, Gloucestershire, UK
Asking Price:
£299,995
Turnover:
£526,777
Net Profit:
Available on request

Business
*Massive Living Accommodation*

*Massive Potential For Evening Trade*

Please quote reference B06952

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Bourtanical which is a well-established restaurant with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

The business was founded in 2007 and has flourished under our clients ownership accruing an impressive number of regular customers and a burgeoning reputation. Alas this beautiful business is now being sold , albeit reluctantly and with a heavy heart only due to relocation.

The vendor is keen to see his beloved restaurant pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Bourtanical serves an impressive range of food, freshly prepared on the premises using local produce wherever possible. The business offers a selection of the finest traditional English cuisine with a range of dishes that capture the most authentic and tantalising flavours.

The sale will include the company website (Zarda Cottage) which offers an online ordering facility.. There is also a company Facebook and Instagram page and the business enjoys great visibility on the internet. The business has massive potential for opening in the evening tradee.

The business benefits from impressive reviews such as -

"Visited here on Friday and it was one of the best afternoon teas I have had. They knew I was celebrating an anniversary and decorated the table ready for our arrival which was a lovely surprise. The sandwiches were so filling and everything about the afternoon tea tasted so good and fresh. Staff were also very friendly and welcoming. Would highly recommend"

Reasons to Buy -

Well established business with an enviable reputation and many existing customers
Prime trading position on river front
Current owner happy to offer a handover to ensure the continued success
Ideal owner managed or partnership business
All fixtures and fittings included making this a real Turnkey business opportunity
Massive living accommodation.
Massive potential for evening trade

Hilton Smythe highly recommends early enquiry to avoid disappointment.

The sale of the business includes -

All fixtures and fittings (less than 2 years old)
New kitchen refurbishment and kitchen extraction system in 2020
2 x Twin Lincat fryers
2 x Large standing refrigerator
2 under counter refrigerator
2 large standing freezer
1 x Chest freezer
1 x Lincat electric griddle
1 x Lincat chilled refrigerator for holding salad, cheese, etc during service
2 x Industrial microwave
1 x Dishwasher
Till system for 2 counters
CCTV system

Following are on premises but belong to manufacturers.

1 x Ice cream display freezer
1 x Coffee machine
2 x Ice cream chest storage freezers
1 x De carboniser machine.

Location
The business boasts a prominent trading location, on a busy main road. This is a fantastic location for a busy restaurant. The area receives a heavy amount of footfall due to the main road location.

Bourton-on-the-Water is a village in the rural Cotswolds area. Straddling the River Windrush, it’s known for its low bridges and traditional stone houses. The Cotswold Motoring Museum features vintage cars and a toy collection. Birdland is home to species including parrots, owls and king penguins, plus life-size model dinosaurs.

Premises
The premises has a 65 seat downstairs dining area, 12 seats outside dining area , all in 1 building, ice cream parlour and gift shop towards the toilet area.

Upstairs is a massive 3-bedroom large living accommodation ideal for a family which we are currently updating. The accommodation is massive and also has an enclosed owners roof terrace.

Tenure
We are advised that the business is being sold on a Leasehold basis, with 12 years remaining on the 15 year lease. The rent is £3,333 per month and has rates payable of £658

Hours
The business hours are -

Monday – 9:00am–5:00pm
Tuesday – 9:00am–5:00pm
Wednesday – 9:00am–5:00pm
Thursday – 9:00am–5:00pm
Friday – 9:00am–5:00pm
Saturday – 9:00am–5:00pm
Sunday - 9:00am–5:00pm

Staff
We are advised that the business has 4 full-time and 5 part-time members of staff.

Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £526,000. Full financials can be made available upon further request.

Please quote reference B06952

Property Information

Property:

Leasehold

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