

Advert ref: 10706
Bag a Business is delighted to offer for sale this very profitable and highly regarded restaurant and bistro. Established by our clients in 1994, the restaurant draws it trade from a large area due to its reputation, and has a vast database of loyal customers. Trade is boosted from the many visitors to the National Park. Annual turnover is currently £450,000 with net profits in the region of £100,000. There is tremendous scope for growth for new owners as our client chooses to close on Sunday and Monday, including Bank Holidays, throughout the year, 3 weeks at Christmas and New Year and for 1 week in May. The restaurant was refurbished in 2008 and the kitchen in 2007. This is a rare opportunity to acquire a highly profitable business located in the New Forest, which offers new owners vast potential, we must therefore urge early discussions with Bag a Business.
Property:Leasehold
Lease termsLeasehold New lease to be negotiated Rent: £30,000 per annum
Living accomodationA very attractive detached property set over 2 floors and comprising of a 60 seat restaurant on the ground floor with a spacious 2-bedroom flat above. The restaurant benefits from being completely refurbished in January 2008 and includes air-conditioning and double-glazed bay window to the front. GROUND FLOOR Main restaurant area, decorated and fitted to a high standard, seating for 60, 2 air-conditioning units, Gazco flame effect fire built-in at waist height, L shaped bar with matt finish granite top, 1 beer pump, flash cooler unit and bottle display fridge. Built in wine rack. Waitress station. Cloakroom area with sliding mirror wardrobe, ladies toilet with WC and basin, gents toilet with WC and basin. Well fitted commercial kitchen, which was refurbished in 2007 and includes 2 x stainless steel double-door refrigerators, 1 x double door stainless steel commercial freezer, 2 x stainless steel work surfaces with 2 under counter refrigerators, stainless steel Lincat cupboard, ice cream freezer, freezer, 5-burner hob with drawers under, hand wash sink, stainless steel fish refrigerator, Combi steamer oven, 8-burner gas hob with double oven and single oven under (new in 2007), Salamander, microwave oven, full extraction system, stainless steel hot cupboard with sliding doors under (new in 2007), ice machine, glass washer, 2-cup espresso machine, dishwasher, wine fridge, sink and drainer. Cellar with storage capacity for 6,000 bottles. FIRST FLOOR Self-contained flat comprising: 2 bedrooms Lounge Kitchen Bathroom EXTERNAL Front patio area with flagstones, 6 tables with seating for 19. Shared driveway to the right hand side Entrance to flat on front left hand side. Free unlimited parking directly outside.
LocationThis highly successful restaurant occupies a delightful and ideal position within the New Forest National Park. Located on the south coast of England, just to the west of Southampton, The New Forest National Park is a very desirable and affluent area in which to live and benefits from many visitors to the area all year round. Transport links are excellent with the M27 and M3 motorways within easy reach, as is a mainline railway station to London. Southampton International Airport is close by offering domestic and international flights.
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Financial details
Asking price:£210,000
Sales revenue:£450,000
Net profit:Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed