Authentic Portuguese Restaurant in Hertfordshire

Watford, Hertfordshire
REF: R06986

Asking Price:
£60,000
Annual Turnover:
£250,000
Annual Net Profit:
£40,000
Featured
REF: R06986

Overview

Tenure:
Leasehold
Established:
2014
  • Great rating by locals and social media
  • Good potential of growth by opening longer hours
  • Full alcohol licence
  • Authentic, freshly-prepared Food
  • Well-established in area

The business for sale is a thriving and authentic Portuguese restaurant situated in a prime location in Watford, Hertfordshire.

Established in 2014, the restaurant has obtained a loyal and returning customer base due to its genuine and excellent service and its wide-ranging Portuguese menu.

Established with a 5* hygiene rating and full alcohol licence, the business provides a lucrative platform for a new buyer to continue running operations. The business is now for sale on a leasehold basis and is only available due to the owner’s retirement.

The business operates from a double-glass-fronted premise. Externally the business name is listed overhead and complemented by the Portuguese flag and contact details. Through the entrance, there is the main dining area which accommodates a Mediterranean décor and tables and chair for 40 diners.

To the rear of this room is the bar and counter, which behind has a display of spirit dispensers, a shelf full of wines and below is a number of drinks fridges. Further along is the refurbished kitchen with modern appliances and male and female toilets with washing facilities.

The current owner is also willing to stay on for a transitional period, if needed.

This is a lucrative opportunity for a new buyer to acquire a traditional restaurant. It would be well-suited to a budding restauranteur or an experienced investor looking for a new purchase.

Despite firm foundations set, there are ways in which the business could be grown further. A potential buyer could increase opening times to capitalise on trading. A potential buyer could also invest further in the business’s online presence, as the design for the website is minimalistic. There is a strong opportunity to reform the online presence to have a more current, aesthetic design which could further increase its already large consumer base.

There is also the potential to introduce a delivery or takeaway service. By promoting and introducing these components the business could dramatically increase its turnover.

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  • Town location
  • Other businesses nearby
  • High footfall area
  • Free car parking onsite
Rent
£16,800
Rates
TBC
Lease Term
15
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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