RESTAURANT & TAPAS BAR

BUSINESS DETAILS:
LOCATION
The restaurant is conveniently located at the centre of Bridgnorth in Shropshire. The beauty of the area, with the magnificent Severn River flowing through it has been for many years, a major tourist attraction. The history attached to the town goes back to before the industrial revolution.

The town consists of many old narrow streets with many attractions for the tourist, not forgetting the world famous Severn Valley Railway with its preserved steam locomotives.

This town and the positioning of our clients restaurant is indeed a gem and is not often found to be offered to the market.
THE BUSINESS:
Advent Business Sales are pleased to offer to the market this delightful restaurant and tapas bar, which is housed in a Grade II listed building and has been trading in its present format since 2000.

The current vendor has been in ownership for the last five years and is reluctantly selling due to other family business opportunities and the needs of a young family.

Our client’s restaurant is far from average and brings a taste of city cosmopolitan to Bridgnorth at very affordable prices. It prides itself for food freshness and supports heart of England fine foods, even baking their own bread and pastries.

Both al a carte and home made tapas is available with good cooking for a wide range of tastes.

Opening lunchtimes and evenings, except Sunday, the restaurant has covers for 70 diners and has a specially designed alcove for private dining for parties of up to 15 people.

As well as this, the restaurant team also provide an outdoor catering service for all those special occasions.

There is a website and also allocated data base of over 500 customers, who can be mail shot.

Comments from customer monthly prize draw cards include ‘excellent food, excellent service to very enjoyable meal’.

Customers come from a far ranging areas, from Birmingham, Worcester, Ludlow, Wolverhampton, Telford and Shrewsbury – some word of mouth, passing trade and others on recommendation.

The restaurant even advertises itself on the Severn Valley Railway with both flyers and sandwich board at the Bridgenorth station.

The restaurant has recently undergone a £2,500 refurbishment which includes new restaurant flooring with a 10 year guarantee.

We are advised that stock at cost is approximately £5,000.

The business is staffed by two full time employees together with the owner, one part timer who works twenty hours and another five part time employees as required.

The business has been very realistically priced for a quick sale.

Kitchen equipment consists of:
• This has recently had a new £1,500 floor laid with slop up corners, which has a 10 year guarantee and contains the following
• 2 blue seal 6 burner ranges
• 2 blue seal twin salamanders
• 1 Lincat twin deep fat fryer
• 2 microwaves
• 1 food processor
• 1 hand blender
• 1 hot cupboard and lamps
• 1 dishwasher
• 1 juicer
• 1 door counter fridge
• 3 upright fridges
• 1 single door under counter fridge
• 1 single door under counter deep freezer
• 1 upright freezer
• 1 ice machine
To this is a vast amount of crockery and cutlery as well as kitchen utensils and outside catering equipment.

TRADING HOURS:
Mon-Sat: 12 – 3pm & 6.30 – 10pm
Sun: 12 – 3pm

FINANCIAL INFORMATION:
We have been advised by the vendor of the following:

Annual sales: £210,000
Gross Profit: 70%

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.

BUSINESS PREMISES:
The front of the building is double fronted with a doorway to private accommodation on the left and a front door to the restaurant in the centre, briefly comprising of:
Ground Floor
• Attractive flagged seating area with rough wood panelling and a wood burning stove – this is usually used as the tapas area and seats approx 15 – 20 people. Within this area is the main bar serving a selection of cocktails, champagne and wines by the glass as well as beers
• To the right is main restaurant seating 45 with the private dining area for 15 – 20 covers behind the bar
• Passage leading to ladies and gents w/cs
• Cellar – has a separate laundry area for the restaurant, beer cellar drop and a wine store
• Kitchen
• Rear entrance
• Doorway to stairs leading to first floor

First Floor
• Storeroom with outside catering equipment
• Staff room
• Storeroom
• w/c
• Domestic kitchen
• Bathroom
• Airing cupboard
• Single bedroom
• Good sized lounge
• Double bedroom
• Stairway leading to second floor

Second Floor
• Consists of a ‘flat’ with en-suite, double bedroom, 2 other rooms and a second stairway to the first floor

External
• Large brick built structure used as a store room containing walk in fridge and £500 of thermal transport boxes for outside catering, as well as tressle tables
• Large patio area and walk way from lower part of town
• The front of building is paved to the roadway


TENURE: Leasehold
Original lease: 10 years
Remaining lease: 15 months – a new lease is available on assignment
Review every: 5 years
Rent: £28,000 P.A.

We are advised that the annual business rates are currently: £6,000