Restaurant with Enormous Growth Potential in Hertfordshire

Bishop Stortford, Hertfordshire
REF: R07814

Asking Price:
£27,500
Annual Turnover:
£104,000
Annual Net Profit:
TBC
Recently Sold
REF: R07814
Photo of Restaurant with Enormous Growth Potential in Hertfordshire
Photo of Restaurant with Enormous Growth Potential in Hertfordshire
Photo of Restaurant with Enormous Growth Potential in Hertfordshire
Photo of Restaurant with Enormous Growth Potential in Hertfordshire

Overview

Tenure:
Leasehold
Established:
2019
  • Significant growth opportunity
  • Spacious restaurant
  • Well-equipped premises
  • Equipment included in asking price
  • Low overhead costs

Intelligent is pleased to present a fantastic restaurant acquisition in the historic market town of Bishop’s Stortford in Hertfordshire, offering bags of untapped growth potential for the buyer. The restaurant is located on the first floor.

Despite currently only operating as a takeaway establishment for a select few days per week, the business is already generating very impressive turnover figures.

Providing a delicious and authentic menu of a popular international cuisine, the venue has quickly established a great reputation for its use of fresh ingredients and tantalising flavours.

The business is only for sale due to the owner’s need to focus on their predominant career, therefore making this a lucrative purchase for an energetic buyer who wants to take on a burgeoning enterprise and help it to realise its full potential.

The current owner has paid the rent for the property in advance until December 2021. Upon purchase the vendor would like be reimbursed for this but is happy to negotiate a rent free period.

The business has pride of place as Bishop’s Stortford’s only Greek restaurant, thus eliminating the amount of local competition.

Situated in the town’s bustling market square, the restaurant’s excellent visibility is enhanced through its visually strong signage. Guests enter the restaurant through a flight of stairs to the property’s first floor and are welcomed into a smart environment in a neutral colour palette. Although the business is presently only open for takeaway through Just Eat, its spacious premises can comfortably accommodate 38 diners at one time, and possesses an alcohol licence, bar area, and 5* hygiene rating.

A superb collection of equipment is incorporated in the asking price, including chillers and a fully equipped commercial kitchen, thus arming the buyer with the tools needed to immediately take over the business’s operations. Unfortunately, however, a transitional period is not available with this sale.

The ideal buyer for this business would be someone who is looking for a turnkey restaurant operation. Boasting solid foundations already laid in place, this restaurant is ready to flourish under the right ownership. The new owner should be able to work in a full-time capacity in order to dedicate the time and energy required to truly make this business soar.

The restaurant is brimming with untapped potential for the buyer, which can principally be unlocked by opening the business fully as a restaurant, rather than only trading as a takeaway. Additionally, the restaurant would likely benefit from expanding its timetable of opening, as it currently only trades for 4 evenings per week.

Location

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  • Town centre location
  • High street location
  • High footfall
  • Good transport links
  • Nearby transport links

Property

Annual Rent
£14,500
Annual Rates
TBC
Lease Term (Years)
3
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
This business does not require an EPC

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

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