Well established Restaurant business for sale
- Asking Price: £69,995 +SAV
We are advised as per the 2020 accounts, the business generated a turnover in the region of £72,000. Full financials can be made available upon further request.
Please quote reference B06155
- Tenure: Leasehold
Please quote reference B06155
Hilton Smythe are pleased to have been given the opportunity to manage the sale of a well-established restaurant with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular local business in an area of outstanding natural beauty.
There has been a restaurant at these premises since 1984 and during this time has been a tea rooms, a fine dining establishment and an Italian themed restaurant. The current owners have run it as a restaurant for the last 12 years or so and the business has flourished under their ownership accruing many regular customers and a burgeoning reputation.
The business has an agreement with a coach company to do afternoon tea. Bookings have also been taken for Christmas and other events.
All fixtures and fittings, furniture, kitchen equipment, pots and pans, china, cutlery and glassware are included in the sale.
The business is now being sold, albeit reluctantly and with heavy hearts only due to the owners wish to take a well-earned retirement, the vendors are keen to see their beloved restaurant pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.
The restaurant offers a mix of traditional and contemporary dishes – something for everyone. The business prides itself on its freshly prepared meals using carefully selected, locally sourced fresh produce together with an extensive wine list from around the world at competitive prices. The business offers personal service and can cater for an intimate table for two, as well as parties and functions endeavouring to make any occasion special for their customers.
The business is fully licensed both inside and outside and can offer marquee events in the gardens (Potential for 50 more covers). The business is proud of its 5 star hygiene rating and enjoys wonderful reviews online.
The sale will include the company website and the business enjoys great visibility on the internet.
Scope to Improve -
- Advertising and marketing campaign
- Maximise the use of social media
- Extend the opening hours
- Open as a tea rooms during the days
- Garden has a license in place- Option for a beer garden.
- The perfect Lifestyle Business offering a lucky new owner the opportunity to live and work in this stunning area of outstanding natural beauty
- Ideal owner managed or partnership business
- Includes 2 bedroom living accommodation
- Low running costs with inexpensive rent and no business rates
- All fixtures and fittings included making this a real Turnkey business opportunity
- Current owner happy to offer a handover to ensure the continued success
- Priced to sell!
We are advised that the business is Owner & Husband ran and managed.
The business hours are (Currently being run at a pace to suit) ;
Monday – Closed
Tuesday - Closed
Wednesday – Lunchtime
Thursday - Lunchtime
Friday - Lunchtime & Dinner
Saturday - Lunchtime & Dinner
Sunday - Lunchtime
The business is located village and civil parish in the Cotswold district of Gloucestershire. The village and parish lies within the Cotswolds, a designated Area of Outstanding Natural Beauty. The village is close to Cheltenham (6 miles), Cirencester (7 miles) and Gloucester (10 miles).
The village contains a public house adjacent to the restaurant, a roadside fuel station and a village farm with a small retail park which includes a cookery school and wine merchant. At the north end of the village is the parish church of St James, and north from this the house of Colesbourne Park Estate. Within this parish is a game shoot estate. The village is connected by bus to Cheltenham and Swindon.
The restaurant is beautifully presented and maintained with clear visible signage. The business fronts a busy main road and thus benefits from high levels of passing trade along with regular custom. To the rear of the premises is a gravelled car park with parking for approximately 15 cars and there is also an additional grassed area with parking for another 3.
The restaurant occupies a lovely looking, period , stone built building from the 1850’s and contains a wealth of period features. During lockdown, the premises have been redecorated and thus is presented in beautiful condition.
The premises briefly comprise of:
Entrance Porch - A stunning timber framed entrance porch with tiled floors opening into:
Entrance Hall - Half glazed, period door to front creating a light, airy and inviting interior, carpet flooring, picture rail with coat hooks, ceiling rose with chandelier, two corner cupboards with glass displays, dark oak effect dresser with shelving and cupboards beneath, stairs to first floor, access to:
Bespoke Bar - Formerly a walk in pantry but now used as an interesting bar area with perimeter shelving, glass fronted drinks chiller, 9 optics, all glassware is included in the sale.
Kitchen - Immaculate catering kitchen, windows to rear, new extraction system with stainless steel canopy, 6 burner Imperial range cooker with oven beneath (LPG), stainless steel preparation tables, LG stainless steel microwave, Sharp silver coloured microwave, Lincat Salamander grill, Lincat hot cupboard, perimeter shelving, wall mounted Rinna Infinity boiler, access to roof space, stainless steel hand wash basin.
Dry Goods / Freezer room - Door to rear area, 3 under counter larder fridges, 2 upright fridges, 1 upright freezer, meter cupboard.
Flat - Shower room, Bathroom room, Good sized Lounge with views of back gardens and front fields.
Bedroom- Small double with window to front and pendant lighting. Good sized double with leaded window to rear, intricate plaster ceding rose, dado to waist height.
WC - With close coupled toilet hand wash basin.
Externally - A real feature of this business is the lovely gardens mainly laid to lawn with established herbaceous borders and shrubs and bushes. To the rear of the premises is a gravelled car park and grassed area. Additionally there are three period, brick built outbuildings currently used for storage but offering conversion possibilities and three timber sheds.
The business fronts a busy main road and thus benefits from high levels of passing trade along with regular custom. To the rear of the premises is a gravelled car park with parking for approximately 15 cars and there is also an additional grassed area with parking for another 3.
We are advised that the business is being sold on a Leasehold basis, on a renewable 10 year lease. This 10 year lease has been renewing since 1984. The rent is £884 per month and has £0 rates payable. This includes the 2 bed flat.