* Open to Offers * Popular Restaurant in Dorset

Weymouth, Dorset
REF: R07410

Asking Price:
£99,950
Annual Turnover:
£194,052
Annual Net Profit:
£19,533
Recently Sold
REF: R07410
Photo of * Open to Offers * Popular Restaurant in Dorset
Photo of * Open to Offers * Popular Restaurant in Dorset
Photo of * Open to Offers * Popular Restaurant in Dorset
Photo of * Open to Offers * Popular Restaurant in Dorset

Overview

Tenure:
Leasehold
Established:
2018
  • Excellent Reputation
  • Accommodation Included
  • Well Equipped Business
  • Huge growth potential

Now available to an interested purchaser is this very popular restaurant which boasts a well-known seaside location in Dorset.

Opening in 2018, the restaurant has since offered authentic, freshly made Mexican cuisine to its regular diners who either dine-in and enjoy the stunning views its location offers, or order online for a reasonably priced takeaway option.

Thanks to its well-equipped premises, brilliant location and loyal customers, the restaurant is perfect looking to take on a thriving lifestyle business, and lends itself to any cuisine. The current owners are happy to negotiate the trading name upon a new owner purchasing the business.

The restaurant is available on a leasehold basis and comes complete with a 4 bedroom flat above. The reason for sale is due to ill health.

The restaurant is enjoyed by locals and tourists throughout the year has gained a brilliant reputation in the town due to the takeaway food matching the quality of its in-house meals.
Operations run from a Mexican themed restaurant, with wooden furnishings and warm lighting. The restaurant has space for around 40 covers inside and leases the pavement outside from the council for an additional 30 covers.
A 4-bedroom flat is included in the lease and is accessed through a separate entrance next to the restaurant. There are 4 double bedrooms across 2 storeys, with a lounge, kitchen, bathroom and cloakroom, offering amazing views of the bay.
The business has a solid online presence, with its own website showcasing its menus and linking to its Facebook, Twitter and Instagram accounts which possess a combined following of around 2,000. The restaurant also benefits enormously from its Just Eat account.

This is an excellent opportunity to take on a flourishing Mexican restaurant with no competition from any other Mexican eateries. Despite its seasonal market, the business has still managed to generate a strong annual turnover and presents a viable turnkey option.
Ideal for a variety of operators and cuisines, from individuals to seasoned restauranteurs, the restaurant has vast potential for expansion. Increasing takeaway and delivery options through working with other third-party food couriers would be a great way to increase takings.
Renting out the 4 bed flat above the restaurant would also create a consistent revenue stream via rental income.
The current owners are happy to negotiate the trading name upon a new owner purchasing the business. They are also open to discussing a transitional period in which they would provide a complete handover.

Features

Online Presence

Location

Loading...
  • Limited Competition
  • High Footfall
  • Rural Location

Property

Annual Rent
£30,000
Annual Rates
£1,790
Lease Term (Years)
10
Lease Expiry (Years)
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

Refine

Miles
£
£
£
£
Timed popup