Authentic European Restaurant in town centre of Lichfield - Offers Invited

Lichfield, Staffordshire
REF: R05854

Asking Price:
£95,000
Annual Turnover:
£368,085
Annual Net Profit:
£40,000
Recently Sold
REF: R05854
Photo of Authentic European Restaurant in town centre of Lichfield - Offers Invited

Overview

Tenure:
Leasehold
Established:
2001
  • Excellent Reputation
  • Friendly & Professional Team
  • Low Overheads
  • Spacious Premises

Set in the heart of the Cathedral City of Lichfield, this restaurant offers the perfect combination of a relaxing, contemporary atmosphere with highly authentic European cuisine - serving traditional and fresh fish dishes.

The premises have been established for over 15 years and is a household name within the town. The cuisine served is of a high quality and the large premises have been renovated to an impeccable standard.

The restaurant has a valued team of front of house staff and chefs all sharing a passion for food and service which has gained the business industry recognition and awards.

The décor comprised with the standard of service and the impeccably delivered food is why the restaurant has received excellent reviews on Trip Advisor and other platforms.

In the restaurant, on the ground floor, there is an open plan seating area which accommodates 50 diners. Towards the back of the restaurant there is a small counter and a large kitchen for food preparation. Beyond the kitchen, there is a small storage room and there are also customer toilets on this floor.

On the first floor there is a two-bedroom apartment which needs renovation but could be rented out or used as living accommodation by a potential buyer. All fixtures and fittings are included. As well as the coffee machine, refrigerated units, tables and chairs etc.

Intelligent Business Transfer are excited to offer for a sale a well-known, high quality restaurant, favoured by residents for its range of delicious food and friendly customer service.

Established in 2001, the business has gone from strength to strength due to its excellent location and its high standards of produce.

This is an ideal platform for an existing business or owner-operator looking to function from sought-after location.

With the foundation set, a new buyer can step in and continue running operations with great ease. There still remains great scope for further development and a new buyer could effectively implement a number of changes to drive the business forward.

Through extended opening hours and days, the restaurant could cater for more customers on a weekly basis. The possibility of introducing a home delivery and external catering service is also feasible and would allow it to cater for customers further afield as well as to local businesses, offices, parties etc.

The current owners are willing to stay on for a transitional period, for however long is required, (if needed) to show a new owner how the business operates. Intelligent Business Transfer are searching for a suitable buyer.

Features

Online Presence

Location

Property

Annual Rent
£15,000
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Year)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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