Popular & Highly Regarded Restaurant in Port Talbot

Port Talbot, Castell-nedd Port Talbot
REF: INT1763

Asking Price:
£40,000
Annual Turnover:
£260,000
Annual Net Profit:
TBC
REF: INT1763
Photo of Popular & Highly Regarded Restaurant in Port Talbot
Photo of Popular & Highly Regarded Restaurant in Port Talbot
Photo of Popular & Highly Regarded Restaurant in Port Talbot
Photo of Popular & Highly Regarded Restaurant in Port Talbot

Overview

Tenure:
Leasehold
Established:
2008
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Well Equipped Business

Open to offers - This is a unique opportunity to acquire a popular and highly regarded restaurant, which serves a variety of different cuisines and has an ideal location in Port Talbot.

The business was first established in 2008, with the current owners taking over in 2016. Under the present ownership, the company has grown significantly, whilst also gaining a large, regular client base and a brilliant reputation in the local community for their locally sourced fresh produce and delicious meals.

The restaurant offers a combination of Mediterranean, Italian, Greek, Turkish, and French cuisine to give diners a choice to suit all tastes. Alongside this, they serve fine wines, beers, and champagne. The atmosphere at the restaurant is relaxed and comfortable, with the front-of-house team offering a warm welcome and professional service.

The restaurant has become one of the most talked-about venues in South Wales, gaining accolades in the local press and on online review sites. Furthermore, the restaurant is one of the highest-ranked eateries on TripAdvisor in the local area, with over 300 5-star reviews. Due to their excellent reviews, the business attracts not only locals and regulars, but also clients from further afield.

With huge potential for growth, this brilliant restaurant would be the perfect opportunity for someone with previous catering experience. The premises is also suitable for change of use to a takeaway if preferred.

The restaurant has a prime location on one of the main shopping streets in Port Talbot, so there should be a high volume of passing footfall. This will provide the new owner with plenty of trade. The business is based over two floors. On the ground floor, the restaurant can cover 32 customers and features a bar, kitchen, large bathroom, and a dry storage area to the rear of the premises. On the second floor, there are 34 covers, as well as another bathroom and a small office. The property is also highly secure, as it is fitted out with CCTV and burglar and fire alarms.

The current lease has expired; however, the landlord is happy to write a new contract for the purchaser of the business.

The current owners are happy to provide an initial transitional period, in order to ensure there is a smooth and efficient business handover.

This thriving business would be the ideal opportunity for someone with previous experience in the catering industry.

There is huge potential for growth with this business, as there is a massive opportunity to attract increased trade by maximising the restaurant’s excellent reviews and completing further marketing. Presently, the restaurant doesn’t provide external catering and deliveries, so this could also be a great area for the new owner to explore.

The business already has a brilliant, easy-to-use website and a popular presence on social media, with 3,100 followers on Facebook and 450 followers on Twitter. These platforms act as a fantastic sales window for the business. It would be highly beneficial if the new owner continued to utilise and optimise these online channels.

Features

Key Information

  • Number of Covers: 66
  • Hygiene Rating: 5

Reputation

  • Google: 4.7
  • TripAdvisor: Excellent

Online Presence

Location

Loading...
  • High Street Location
  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£13,000
Annual Rates
TBC
Lease Term (Years)
16
Lease Expiry (Year)
2031
Accommodation Included
No
EPC Rating
TBC

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

Refine

Miles
£
£
£
£
Timed popup