For Sale
Multiple Well Established Businesses For Sale
Bristol,
- Asking Price: £159,500 +SAV
-
Turnover:
We are advised the businesses generated a turnover of circa £290,000, further financial information can be made available upon request.
Please quote reference B06693
- Tenure: Leasehold
Please quote reference B06693
*3 Businesses in one*
Hilton Smythe welcomes to the market an exciting opportunity to acquire, on a Leasehold basis, an exceptionally well run and performing restaurant, take away/Pizza Shop, and a desserts /sweet shop.
Authenticook has been under the careful ownership of our client for the past few years, growing the business to an impressive level with consistent turnover & with an excellent local reputation & benefiting from an alcohol licence.
The business is split into 3 sections all included in the asking price-
- Kouzina
- Metaxi Mas
- PizzaSpot
The business is run as a Greek style Mediterranean Restaurant, Take Away and Pizza Shop. This is an upmarket business that offers a range of delicious dishes.
The restaurant further benefits from having an alcohol licence in place and serves a selection of beers, wines & spirits for diners.
There is further scope to increase turnover by undertaking a robust localised marketing campaign via local press & social media, while updating the dedicated website that is in place.
Revised opening hours could also be considered so they could potentially catch some lunchtime trade due to the busy location of the business.
Our client would be willing to offer a handover period to the purchaser, this will help the transaction run smoothly. This restaurant has very little competition around and would be a great opportunity for any purchaser with experience in the trade.
The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
Very rarely do businesses of this calibre come to the open market therefore, early viewings are highly recommended to avoid disappointment.
The businesses are run and managed by 3 full time members of staff.
The business opening hours are as followed:
Monday - Closed
Tuesday to Sunday - 11:30am - 23:00pm
The business is located just outside the town centre within a heavily populated area from which the business derives much trade, truly at the heart of this vibrant community. Situated on a main strip the business also benefits from free parking.
3 businesses in one situated next to each other in ideal trading spot!
Main restaurant –
Substantial premise briefly comprising:-
Well-presented frontage with good signage and bench style seating.
Main entrance with bar area to the left, comfy seating throughout the bar, 50 indoors 38 outdoor seating.
The pizza place has a Polar saladette with space for 10 ingredients. A 4 door polar undercounter fridge, an adexa conveyor oven and an Italinox dough mixer.
Male and female toilets to the rear.
Connected though the kitchen is the takeaway side of the business.
Tenure
We are advised the businesses are being sold on a Leasehold basis with the following terms in place:
Kouzina £2000 + VAT + Service Charge - 2 years remaining on the Lease.
Metaxi Mas £1700 + VAT + Service Charge - 5 years remaining on the Lease.
PizzaSpot £1000 + VAT + Service Charge - 5 years remaining on the Lease.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
