Trendy and Upmarket Restaurant near South Wales’ Coast

Barry, South Wales
REF: S07770

Asking Price:
£35,000
Annual Turnover:
£270,000
Annual Net Profit:
TBC
REF: S07770

Overview

Tenure:
Leasehold
Established:
2017
  • Fantastic reputation and a loyal customer base
  • Significant growth potential and low overheads
  • Well-equipped premises with equipment included in sale price
  • Friendly, professional staff
  • Wide variety of menu items on offer

Situated in a prime position in the wonderful seaside town of Barry in South Wales, this trendy restaurant is now on the market.

Having won a range of industry awards and profiting from its proximity to the Wales Coastal Path, the upmarket restaurant has become popular with both local clientele and guests from further afield.

Offering a wide-ranging menu, this is a business that is renowned for its exceptional and varied food offering, including coffee, salads, pasta, locally sourced steak, tapas, burgers, and delicious vegetarian options. Additionally, the company possesses an alcohol licence and offers a delivery service to residents of the surrounding area.

The restaurant significantly benefits from having no local competition offering this diverse selection of menus which are available throughout both the day and evening.

The establishment has a contemporary frontage with the brand name distinctively displayed overhead. There is also a good-size terrace with decking and outdoors seating, a popular choice for the summer months.

Through the entrance is the main dining area which has a large bar area with stool seating. The dining area is open plan with modern tables and chairs. Overall, there is space for 40 dining covers and a further 10 at the bar. The restaurant is delightfully decorated throughout and has pine wood flooring. There is a compact but fully equipped kitchen to the rear, alongside a preparation room. W/C facilities and a small cellar for storage are also found on the same floor. Upstairs is a 3-bedroom apartment.

The business has an exquisite online presence, including a contemporary website and a Facebook following of more than 3,700.

All equipment is included in the asking price and a transitional period is available to ensure a smooth handover of business operations.

This is an excellent opportunity for a business partnership who love to provide food services and are looking for their next enterprise. This is an exceptional business that is well known to the area and will benefit from a buyer with prior business and food industry experience.

The new owner/s will be able to grow the restaurant further by expanding its opening hours to increase overall capacity and consequent turnover. Another great option would be to offer additional nightly events, to attract more clientele. The buyer may also wish to diversify the food offering further throughout the day.

Loading...
  • High-street location
  • Residential area
  • Close to local businesses
  • High footfall
  • Nearby car parking
Rent
£15,000
Rates
£5,000
Lease Term
TBC
Lease Expiry
6-7 YRS LEFT
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
XXXX
Number of Employees
XXXX

Refine

Miles
£
£
£
£
Timed popup