Highly rated licenced Restaurant For Sale
City of London
Please quote reference B06390
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing, turnkey licenced restaurant with an excellent reputation associated with a strong and consistent brand, with the business only now coming to the open market as it’s our client’s desire to leave the industry and relocate.
The current business was established in 2017 and has been under the careful and meticulous ownership of our client ever since and has grown the business to an impressive level of turnover.
The restaurant has undergone a substantial programme of refurbishment, and offers a warm and friendly environment for patrons to enjoy their exceptional, breakfast light lunch or pre theatre evening dinner menu along with patrons being able to pop in for an alcoholic beverage, whilst taking advantage of a prime location.
The business offers a quality dining experience with the main restaurant area being able to accommodate 36 – 38 covers, with a further 16-18 possible external covers and the current owner has indicated that there is also the possibility to convert the lower floor of the building to increase the capacity.
The sale of the business includes a wide range of equiptment, along with the fixtures and fittings. A full breakdown can be made available upon further request.
We feel there is scope to increase the turnover by introducing some further additions to the menu along with the possible expansion of the lower floor and undertaking a robust marketing campaign via local press, radio, and social media, along with further promotion of the dedicated website to help increase turnover.
The current owner has also indicated that they would be happy to offer an extended handover / shadowing period for the new owner if required.
Very rarely do such well-established businesses in such prime trading locations come to the open market on a leasehold basis, therefore early viewings must come highly recommended to avoid disappointment.
Further financials can be made available upon further request.
Please quote reference B06390
We are advised that the business has 3 full-time and 3 part-time members of staff.
The business hours are -
Monday – 10:00 – 21:00
Tuesday – 10:00 - 21:00
Wednesday – 10:00 – 21:00
Thursday – 10:00 – 23:00
Friday – 10:00 – 23:00
Saturday – 10:00 - 23:00
Sunday – 10:00 – 21:00
The business occupies a well-known, thriving, and busy location in London and benefits from being surrounded by some notable landmarks along with a host of theatres. As a result, the business benefits from an exceptional amount of footfall and passing trade.
The business is located in traditional restaurant premises located in London and benefits from a beautifully presented main restaurant area with a mixture of tables and chairs along with dining booths with the business further benefiting from an exceptionally well fitted commercial kitchen, w/c facilities and service area.
The business has undergone an extensive programme of recent refurbishment and can be found in an excellent overall condition, leaving a new owner with very little work to carry out.
We are advised that the business is being sold on a Leasehold basis, with 6 years remaining on the 10 year lease. The rent is £5,000 per annum.