Successful Mediterranean Restaurant for Sale in Gloucester

Gloucester, Gloucestershire
REF: INT2802

Asking Price:
£150,000
Annual Turnover:
£220,000
Annual Net Profit:
£104,000
REF: INT2802
Photo of Successful Mediterranean Restaurant for Sale in Gloucester
Photo of Successful Mediterranean Restaurant for Sale in Gloucester
Photo of Successful Mediterranean Restaurant for Sale in Gloucester
Photo of Successful Mediterranean Restaurant for Sale in Gloucester

Overview

Tenure:
Leasehold
Established:
2006
  • Excellent Reputation
  • Friendly & Professional Team
  • Well Equipped Business
  • Spacious Premises
  • Strong Supplier Relationships

This is a fantastic opportunity to purchase a Portuguese cuisine and Mediterranean tapas restaurant in Gloucester.

Operating under the same ownership since 2006, this successful restaurant has built a remarkable 17-year reputation in the industry.

The restaurant serves delicious, homemade Portuguese food and a variety of tapas dishes, alongside its iconic A La Carte menu – it has an enviable reputation for the quality of its dishes and flavours.

The attractive Mediterranean restaurant is located in an attractive commercial property, close to tourist attractions in Gloucester.

This would be a brilliant purchase for an individual in the food and catering industry looking for a restaurant with an established reputation and loyal customer base comprising locals, regulars and passing trade.

Situated on a bustling main street, this Mediterranean restaurant features an open-plan layout with a glazed frontage that invites natural light inside. Spanning approximately 6 meters by 20 meters, the restaurant boasts a welcoming bar servery and reception area as the main entrance. It has a capacity of 60 covers currently.

Situated only a 5 minute walk from Kingsholm stadium and 2 minutes away from the new University of Gloucester Campus.

The ground floor offers a disabled customer toilet and a small on-level cellar, while the first floor houses a fully equipped catering kitchen with a dump waiter for easy access. With Altro non-slip flooring, a six-filter attraction canopy, and stainless-steel catering effects, the kitchen ensures efficiency and hygiene.

The second floor accommodates separate toilets for ladies and gents, along with a freezer room and dry store.

The Mediterranean restaurant holds promising growth potential due to its strategic location near the completed New King Square Development and the upcoming University development in the old Debenhams building across the road. Its proximity to the famous Kingsholm Stadium and the opportunity for on-site living arrangements further contribute to its growth prospects.

Additionally, the construction of a nearby large hotel presents a valuable opportunity for attracting customers. With these favourable factors in place, the restaurant is well-positioned to capitalise on future growth opportunities.

Features

Key Information

  • Number of Covers: 70

Reputation

  • Google: 4.5
  • TripAdvisor: Very Good

Online Presence

  • Facebook: Yes
  • Instagram: Yes

Website: www.sebz.co.uk

Location

Loading...
  • Residential Location
  • City Centre Location
  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking

Property

Annual Rent
£9,500
Annual Rates
£283
Lease Term (Years)
10
Lease Expiry (Year)
2031
Accommodation Included
No
EPC Rating

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

Refine

Miles
£
£
£
£
Timed popup