Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Popular Restaurant And Catered Events Organiser

LISTING DETAILS
Firms For Sale ID:
34993
Vendor reference:
CH146
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£375,000  
Turnover / revenue:
£1,500,000
Net profit / cashflow:
Undisclosed
Years established:
9
Trading hours:
Restaurant: Monday – Sunday: 09:00-22:00 Events: Monday – Friday: 09:00-18:00 (Projects permitting)
Number of employees:
9
Employees / staffing:
The vendor is supported by: 1x Full time General Manager 1x Full time Sales Manager 1x Full time Executive Chef 6x Full time restaurant & support staff All staff are highly experienced and a real asset of the business.

OTHER DETAILS
Reason for selling:
The vendors have many business interests, all of which are maturing and becoming increasingly more demanding all the time; for this reason they feel that they have taken this business to the limit of their resource and believe that it is right to sell these opportunities to those that have the resources and the expertise to fully exploit them.
Support and training:
The current owners would be happy to provide full training and support at handover.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The restaurant is circa 800 square feet inside and can accommodate 50 covers and the outside area can accommodate 70 covers. The kitchen is circa 600 square feet and is equipped with all the equipment necessary for a successful commercial catering operation. There is a separate suite of management offices and a very unique space for tasting events and general meetings. The premises are located within a private, upscale gated residential development, covering many acres of this beatiful corner of Gloucestershire. It is close to areas of outstanding natural beauty and is popular with holiday makers and permanent residents who have made their homes on the estate. The premises are near main trunk roads and a short drive from the A419 and the M4 Motorway. The lease period is 5 years with 2 years remaining.
 
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BUSINESS DESCRIPTION
Popular Restaurant and Catered Events Organiser
Restaurant within exclusive gated rural development
Specialism in weddings & corporate events
Ref. CH146
Location : Gloucestershire
Asking Price : £375,000 inc. net assets
This opportunity is organised in two parts, the first part is a busy and popular restaurant and the second part is a catered events company specialising in weddings and corporate events. They each share management and staff but trade under different names with their own trading goodwill.
The head chef at the restaurant is also the head chef for the catering company and brings the highest standards of quality to every menu.
The Restaurant
This restaurant was opened by the vendor for the exclusive use of residents and their guests in this private, gated community of luxury homes, set in a beautiful corner of Gloucestershire and has grown, in that time to become well established and profitable. Alongside the restaurant and for the benefit of residents, a general store retails many of the usual, every-day food provisions.
As the single location for dining out within the development, it would be very easy to allow an open all day environment for breakfast, lunch and dinner to become stale or boring but in the hands of the head chef, the menu varies regularly and maintains the interest of the development’s permanent residents and delivers a very high added-value experience for guests and those vacationing.
The restaurant also does very well for residents with its take-away and home delivery service, which is particularly busy during evening and weekend periods.
All of the necessary equipment is included in the sale and the core team manages the majority of tasks; temporary staff are relied upon for support during busy periods or staff holidays.
The restaurant is a stand-alone building in the same contemporary style as that of the residential development, with lots of glass & wood and offers a comfortable and light eating experience.

Expansion Potential
Both of these trading entities, are located in the same premises within the same gated development and this gated development is growing all the time; the restaurant has been provided for by the estate management, to grow as the development itself grows.

The catered events management company could expand its roster of venues, increase its marketing effort, expand its activities in other areas of the UK and develop the corporate events part of the business; in this way it represents a significantly scalable opportunity for those interested or already in this sector.