Popular Independent Restaurant in Worcestershire

Kidderminster, Worcester
REF: R06437

Asking Price:
£120,000
Annual Turnover:
£524,756
Annual Net Profit:
£38,568
REF: R06437

Overview

Tenure:
Leasehold
Established:
1997
  • Large attractive premises
  • Prime location with large parking facilities nearby.
  • Upstairs, there are 2 versatile function rooms for hire.
  • Various themed nights, established.
  • Perfect for a buyer with experience of large business ownership, perhaps an existing restaurant chain.

This is a fantastic, rare opportunity for a buyer to take over a well-established and successful restaurant and take it to its full potential.

Set up 21 years ago and with current ownership since 2005, this is a stable, consistent and impressive independent restaurant with personality and a bright future.

It is a large restaurant situated in the busy town centre location of Kidderminster in Worcestershire, with some great unique touches: such as monthly themed nights. There is also a huge car park just 20 yards away making this very accessible to all customers.

The business has demonstrated high financial figures and boasts a popularity amongst the local community.

This semi-detached, multi-fronted complex opens into a small reception hallway, which takes the customer straight through into the vast ground floor consisting of 80-120 covers. There are separate ladies and gents’ toilets and there is a bar on the right hand side, with the kitchen behind. The appliances include fryers, cookers and ovens, hotplates, microwaves, a walk-in fridge and a small freezer.

The ground-floor area is impressive and versatile, perfect for a multitude of different set-ups. It can host large tables, with some smaller, intimate areas and there is a raised section which can be used just for small parties and couples.

Upstairs there are 2 function rooms, both perfect for hire. The first has 90 covers, with its own bar and kitchen, whilst the second has 40 covers. There are also 2 store rooms and a separate laundry room, extra toilet facilities, and a small office.

This is a wonderful opportunity to purchase a spacious city centre restaurant. It is perfect for a buyer with experience of large business ownership, including existing restaurant chains.

This restaurant has proven itself to be lucrative and successful over many years and a new owner can only help to expand and push this even further.

The business has a website and a Facebook page, but there’s definitely room for more advertising, perhaps through Twitter or Instagram. With more online presence and activity, this business has the potential to command the Kidderminster city centre.

This large independent restaurant/ brasserie has bags of potential and is unmissable for any ambitious buyer with experience of the industry and an eye for fabulous food in great surroundings.

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  • Town centre location
  • Other businesses nearby
  • High footfall
  • Car parking nearby
Rent
£13,800
Rates
£15,500
Lease Term
TBC
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
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Accounts
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Trading Entity
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Current Ownership
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Management Structure
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Number of Employees
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