Well-located Café, Wine Bar & Bistro in Andover

Andover, Hampshire
REF: 04953

Asking Price:
£77,000
Annual Turnover:
£242,056
Annual Net Profit:
TBC
Recently Sold
REF: 04953
Photo of Well-located Café, Wine Bar & Bistro in Andover
Photo of Well-located Café, Wine Bar & Bistro in Andover
Photo of Well-located Café, Wine Bar & Bistro in Andover
Photo of Well-located Café, Wine Bar & Bistro in Andover

Overview

Tenure:
Leasehold
Established:
1960
  • Varied all-day menu
  • Excellent central location
  • Café/bar spread over two floors
  • Good reputation for quality and service
  • Plenty of growth potential

This is an excellent opportunity to acquire a versatile café, wine bar and bistro, which enjoys a prime central location in Andover.
The location offers plenty of footfall, and the business also benefits from strong word-of-mouth and a repeat customer base. The establishment offers a relaxed atmosphere and a wide menu that includes breakfast, tapas and ‘hot rock’ dishes.
There remains plenty of potential for a new owner to exploit.

The business trades as a café, wine bar and bistro. The food options change throughout the day, with breakfast, daytime and evening menus.

The evening menu includes tapas and ‘hot rock’ dishes. The premises are licenced to serve alcohol and there is full drinks menu. Customers can pre-order food to eat in or take away.

Customers enter the premises via the front door at street level. Internally, the premises feature rustic-style décor and offer a relaxed atmosphere. The ground floor has a serving bar and seating for 24 covers. The first floor has tables and a soft seating area for 35 covers. There is also a bar, space for live music, and customer washroom facilities. Outdoor patio seating area can accommodate 12 people.
The current owner markets the business via the smart website, which features menu details and an ordering/booking facility. The business also has a presence on social media.

The business trades various hours throughout the week, closing at 4pm Monday to Thursday, with 11pm closing on Saturdays. Turnover is in excess of £240,000.

Intelligent Business Transfer is pleased to offer for sale this extremely well-located café, wine bar and bistro. The business benefits from a loyal repeat customer base and plenty of passing trade from shoppers and others visiting Andover town centre.
The business enjoys a local reputation for offering good food and good service in a relaxed atmosphere. The menus are varied, with evening options including tapas and sizzling ‘hot rock’ dishes.

The new owner will benefit from premises that are spilt over two floors, allowing for a variety of uses and seating arrangements, with space for live music.

Given the location of the business and the flexible space, there is plenty of growth potential. The main option is to extend the opening hours to maximise business throughout the week. The new owner might also wish to engage in additional marketing activities.

Overall, this could be an attractive acquisition for a range of buyers, including first-time owners and experienced restaurateurs looking for a versatile venue with bags of potential.
The current owner has indicated a willingness to stay on for a transitional period of up to three months to help the new owner to get up to speed with the business.
Intelligent Business Transfer has been requested to find a suitable buyer.

Features

Online Presence

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating

Financial & More

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