£0 £1000000
£0 £1000000

Reputable Restaurant For Sale

Hertfordshire

< 1-1 >

Enlarge

For Sale

£199,995 +SAV

Ref: B06461

Leasehold

Overview

Please quote reference B06461

Hilton Smythe welcomes to the market a contemporary fine dining restaurant and wine bar.

The stunning restaurant opportunity is now being offered for sale due to the pressures of our clients other business interests which means they cannot truly spend the time required to see the potential of their hard work and investment made.

Since purchasing the restaurant in 2019, our clients have invested in new equipment, new furniture and decoration. This will allow any new owner the opportunity to walk straight in and continue trading.

Since fully reopening in April 2021, the restaurant is enjoying a significant increase in sales which any new owner will be able to enjoy.

The business champions local suppliers whenever possible to bring the freshest menu to the table.

The wine list offers a wide variety with the addition of fine wines by the glass using the Coravin wine system and a weekly changing book of single bottles.

Guests are welcome to enjoy drinks in the bar, lunch or dinner in the dining room and they cater for meetings and celebrations in the restaurant or in the private dining room.

The business is also available for corporate and private bookings from Monday to Sunday on request.

LUX Culinary Excellence Award for Contemporary British Cuisine - 2019

Best Upscale Contemporary Restaurant 2019 - for Hertfordshire  

The business has also won ‘Hertfordshire Restaurant of the Year’ at the SME Business Awards as well as gaining much respect from other restaurant professionals in the local area and London.

Customer reviews-

  • 5/5 score from 159 Google reviews
  • 5-star score from 77 Facebook reviews
  • 5/5 score from 395 ResDiary reviews
  • 5/5 score from 176 TripAdvisor reviews
Combined asset value of approx. £80,000

  • 6 burner Imperial range
  • Hob/grill
  • Double fryer
  • Stainless steel preparation areas
  • Electric oven
  • Double sink unit
  • Dish washer
  • Panasonic microwave
  • 3 fridges and 3 freezers
  • Industrial extractor fan
Our client has indicated that, subject to agreement, they would be willing to stay on for a transitional period.

Key selling points -

  • 5-star hygiene rating
  • 100% ‘Turnkey opportunity
  • Excellent reviews from professionals and customers
  • Fully refurbished premises
  • A building of exquisite character
  • Growing turnover and profit levels
  • Very loyal customer base

Turnover
We are advised the business generated an advised turnover of £220,000 after 3 months of trading.

Please quote reference B06461

We are advised the business is being run and managed by 5 full time and 5 part time staff members.

The business trading hours are as followed:

Monday - 18:00pm - 22:00pm

Tuesday to Thursday  - 12:00pm - 15:00pm & 18:00pm - 22:00pm

Friday & Saturday - 12:00pm - 15:00pm & 17: 30pm - 22:30pm

Sunday - 12:00pm - 16:00pm

Located within a Cathedral Quarter of the city, it is set inside a charming 600-year-old building that had been fully renovated.

Located on the first floor of this listed building at the end of a cobblestone courtyard.

It is set in a historic market town and a very popular commuter belt for those working in central London.

The business  is approached via a cobble stoned courtyard off George Street and as the name suggests is set on the upper levels of a 600-year-old listed building.

The courtyard has a licence for outside seating for up to 6 tables giving up to 18 covers (which can be increased on request)

Upon entrance to the restaurant is the reception area which leads to the cocktail bar to the left and the main restaurant to the right.

The restaurant and bar area have wood flooring throughout, beams to the vaulted ceiling and walls and column radiators.

The cocktail bar area has seating for 10-12 guests within the main area and 6 at the bar.

The bar itself is a bespoke bar made from copper with under lighting, spirits stand, cocktail shakers, drinks fridge, coffee machine, glass washer, sink and storage.

The main restaurant comfortably seats 48- 54 diners and has a beautiful high vaulted, beamed ceiling.

From the restaurant is a door to the lobby with emergency exit door, cloak area, door to the kitchen and stairs leading to the top floor.

Top floor - are doors to the toilets, storeroom and to the private function room. The private function room has room for 12 guests and a large skylight window giving great views.

Tenure
We are advised the business is being sold on a Leasehold basis with 10 years remaining on the Lease, the rent is £2,500 per month. The current rates payable are £7,000 per annum.

Similar Businesses For Sale

2

Well established Thai takeaway for sale

Reading, Berkshire

£89,995 +SAV

Discover Business

7

Highly rated Indian Restaurant for sale

Mansfield, Nottinghamshire

£75,000 +SAV

Discover Business

18

Reputable Restaurant For Sale

Sevenoaks, Kent

£280,000 +SAV

Discover Business

Need help to find your dream business?

Our buyer matching service can help, sign up today.

Find your dream business

    Sales Negotiator Photo

    Matthew Monks

    Sales Negotiator

    Need help with finance to purchase this business?

    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.

    Try our finance calculator

    Finance Calculator

    Powered by Hilton Smythe

    £199,995 +SAV

    6%
    £79,998
    £119,997
    5 years
    £0

    60 monthly payments of

    £0

    Apply Now

    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.

    Popular business searches in the UK