Quirky and Popular Mediterranean Restaurant in Rural Somerset

Watchet, Watchet
REF: R07883

Asking Price:
£40,000
Annual Turnover:
£69,000
Annual Net Profit:
£24,000
REF: R07883

Overview

Tenure:
Leasehold
Established:
2016
  • Brilliant reputation
  • Loyal customer base
  • Huge growth opportunity
  • Well-equipped premises with equipment included in sale price
  • Low overheads

New to the market is a quirky restaurant in Watchet, Somerset which serves a delicious range of Mediterranean-style tapas dishes and offers a takeaway service.

The vendor lived in Spain for several years and ran a restaurant there. Upon returning to the UK, they decided to use their skills and knowledge of Spanish cuisine to open a new tapas restaurant in a quiet rural and residential location. The only other eateries- apart from the local pubs- are miles away. This makes the restaurant a highly unique food establishment with very minimal local competition.

The restaurant serves up a tantalising variety of tapas dishes which are inspired by traditional flavours from across the Mediterranean and fused with the vendor’s innovative style. An increasing number of vegetarian and vegan dishes are added to meet changing consumer demands. Additionally, the business hosts a popular series of taster events which transport guests to a different country on select Sunday nights, featuring cuisines from Indonesia, Morocco, Greece, and Mexico. It also offers a Sunday roast dinner to complete its comprehensive food provision.

The Cat’s Whisker Kitchen is set in the ancient harbour village of Watchet, an idyllic setting from which to run a successful restaurant. The venue’s interior is of a rustic style with exposed brickwork and décor which helps to fuse its rural British environment with the restaurant’s Mediterranean inspirations. The business has an alcohol licence and 3* hygiene and is currently run by the vendor with support from 2 part-time staff when required. The premises for The Cat’s Whisker Kitchen are on a flexible rolling lease with the landlord, offering superb convenience for the buyer.

The business has a strong digital presence with a stream of 5* reviews and an informative website and Facebook page. The restaurant’s sale includes all the equipment needed to continue running it successfully, such as tables, chairs, cooking equipment, cutlery, crockery, and décor. Furthermore, the vendor is willing to offer the buyer a complete transitional period to ensure a smooth handover of operations.

This is an exquisite purchase for an experienced restauranteur who wants to take on a new culinary venture which offers a truly unique food offering to its target market.

It has been the vendor’s lifestyle choice to operate the business on a 3.5-day per week basis, with an additional day thrown in during the height of summer. For the new owner, there is immediate potential to grow the business by extending its trading hours, especially as the current financial figures are based on only opening in the evenings, with very little daytime trade. For the most recent year, the turnover was an impressive £69,000, despite losing most of March 2020 due to Covid-19. The previous turnover level was a brilliant £74,000 and £76,000 for the year prior to that. Additionally, the vendor has never advertised the restaurant to increase turnover, thereby offering another route to boosting the restaurant’s visitor levels and subsequent income.

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  • Village location
  • Residential area
  • Nearby car parking
  • No local competition
Rent
£6,600
Rates
£0
Lease Term
0
Lease Expiry
2021
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

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

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