Buy a business

Exceptional Restaurant and Bar in Worcestershire

Confidential Sale

Worcestershire

Advert ref: 1784JMH

Business Partnership is delighted to offer for sale this very well-established Worcestershire city-centre Restaurant, which benefits from an excellent location. It has been under the ownership of our clients since 1995 and is now being offered to the market as they wish to retire.

The premises have a total of some 70+ covers over two floors with separate bar and dining area on the first floor. Office, stores and staff area, or potential living space, are located on the second floor.

The owners offer their customers an unpretentious dining experience with high quality food served in a friendly and informal setting.

It would be fair to say that the business has been under-performing for the last few years, for various reasons which will be explained at a successful viewing.

We strongly urge any serious interested party to complete the necessary Non-disclosure Agreement in order to receive further detailed information on this exceptional business opportunity.

Key features:

  • Exceptionally well established business with fantastic TripAdvisor reviews.
  • Prime city-centre location.
  • 40 cover ground floor dining area.
  • Additional private dining room (30 covers) and separate bar on first floor.
  • New lease available with terms to be agreed and subject to status.
  • Declared sales for the last couple of years have been circa £341,000 per annum.
  • Great potential to increase trade.
  • Possibility of the freehold being available subject to valuation and agreement.
  • Genuine retirement sale.

Property Details: Leasehold
Asking Price: £69,500 + SAV (Leasehold)
Turnover: £341,000 Annual
Location:

Exceptional city-centre location.

Lease Terms:
Leasehold – our clients are the freeholder of the property and therefore will be looking to offer a new lease with full terms to be agreed and subject to status.

Please note that our clients could be interested in looking at a freehold sale, subject to valuation and agreement.

Reason For Selling:
Genuine retirement sale.

Exceptional Restaurant and Bar in Worcestershire Worcestershire

Financial Details

  • Leasehold: £69,500 + SAV
  • Turnover: £341,000 Annual
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