Modern British Restaurant in Hertfordshire

Rickmansworth, Hertfordshire
REF: R07284

Asking Price:
£110,000
Annual Turnover:
£198,783
Annual Net Profit:
TBC
REF: R07284

Overview

Tenure:
Leasehold
Established:
1993
  • Award-winning restaurant
  • Great reputation
  • Returning customers
  • Authentic freshly prepared food
  • Strong online rating

Now available to the market is this popular British restaurant in Chorleywood, Hertfordshire.

In operation since 2015, the restaurant has been providing diners with an exceptional dining experience, serving traditional British and European classics to its large, returning customer base. The restaurant caters to all tastes and provides a relaxing setting for family, friends and couples. The local residents constitute a significant proportion of the restaurant’s customer base.

Having been awarded the Best Restaurant in Hertfordshire in 2017, the business can boast an enviable reputation in the area, upheld by its glowing online reviews both on its website and Facebook page.

With a team of 3 full-time and 2 part-time employees, the restaurant is able to provide a friendly, welcoming service to each diner, as well as a high quality of food due to its Chefs having been previously trained and employed in top London restaurants.

A fully-equipped premises allows the restaurant to run smoothly and provide a timely service to guests. Its décor is sleek yet inviting, with a grey and green colour scheme with soft furnishings throughout. It features a well-stocked bar area to the left of the entrance and a workable kitchen to the right. The main seating area can host up to 60 covers, often at full capacity on a Saturday night. There are also toilets and a garden to the rear. All stock is included in the sale price.

The current owner is willing to discuss a transitional period in which to hand the business over to the new proprietor.

This is a great opportunity to acquire an established restaurant with a phenomenal reputation and the added bonus of having no competition in the immediate area. An interested buyer would take on a fully-fitted spacious premises and continue trading profitably.

Ideal for a current owner operator looking to expand, or a first-time buyer, a new owner could take steps to grow the business further.

The restaurant could open later at the weekend, as well as placing seating in the garden area during summer months. Expanding the menu to include other options to cater to a wider variety of tastes.

Loading...
  • Proximity to main road
  • Residential area
  • Street parking
  • Affluent area
Rent
£18,000
Rates
TBC
Lease Term
6
Lease Expiry
###
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
XXXX

Refine

Miles
£
£
£
£