Restaurants for sale in Wylam

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Mr & Mrs Neville (Sept 2013)
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Freehold Price: £625,000 Turnover: £107,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established restaurant and guest house business, which is ideally located within the village of Wylam, Northumberland.

The business was originally established in 1987 and has been in our clients’ careful ownership since 2002. Only now is the business being offered to the market due to our clients’ desire to move away from the area. The bistro currently operates 5 evenings per week and generates a turnover in the region of £107,000 per annum, with a good gross profit.

Our clients’ offer a wide variety of classic French, Moroccan and English fayre, with starters such as baby stuffed peppers with goat’s cheese and black pudding with mushroom risotto with a poached egg, main courses, with classic French dishes such as Boeuf Bourguignon and Cassoulet.

The property boasts a spacious 89 sq. metres of floor space, with an L-shaped restaurant to the ground floor with 35 covers and a commercial kitchen. To the first floor are four guest bedrooms, all of which are en-suite. To the second floor is the owners’ accommodation, which offers a further two bedrooms.

The business has built up an enviable reputation within the area and further afield for the very high quality of the food, service and accommodation offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. The business also has excellent website reviews on the very popular travel website Trip Advisor.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening every evening within the week, or offering a lunchtime service. A new owner could also embark on a modest marketing campaign to promote the excellent food and service offered. The business already has an informative website in place at bistroenglaze.webs.com.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
Bistro En Glaze and Laburnum Guest House occupies substantial three storey premises, which is ideally located within the village of Wylam, Northumberland. The business is surrounded by densely populated residential areas, from which the business derives much of its trade, as well as from visitors and tourists to the area. The business benefits from being on the Main Road, allowing for a high volume of footfall and passing trade. The business further benefits from good car parking facilities within the vicinity.

Wylam is a small village approximately 10 miles west of Newcastle upon Tyne. It is famous for being the birthplace of George Stephenson, one of the early railway pioneers, and his birthplace can be found on the north bank of the River Tyne, approximately ¾ mile east of the village centre. According to the 2011 census, the village had a residential population of 1,924.

The area of the business is served by the public transport system, with bus stops within easy walk of the property. Wylam railway station is just a 10-minute walk away. The area is also well served by the A-roads, with the A69 being within easy driving distance, which links to the national A-road and motorway networks. Durham is approximately 23 miles away and Sunderland is 24½ miles away.

PREMISES
Substantial three storey premises, briefly comprising:

Ground floor:

Main entrance from street.

Soft seating area next to bar.

Open plan L-shaped restaurant with 35 covers.

Ladies and gents’ WCs.

Well-equipped commercial kitchen with access from both sides of the property.

Stairs to first floor.

The guest house entrance is to the rear of the property with a small reception area.

First floor with:

Room 1: Large triple/family room with en-suite shower.

Room 2: Large triple/family room with en-suite shower.

Room 3: Double room with en-suite bath and shower.

Room 4: Double room with en-suite shower.

Stairs to second floor.

Second floor private owners’ accommodation with:

Living room.

Kitchen/dining room.

Bathroom.

2 x bedrooms.

External:

Very well signed and presented.

Large rear garden with decking and seating area.

Garage with three parking spaces.

Equipment included:

All restaurant and bar fixtures/fittings.

10 x burner hob and oven.

Refrigerators.

Freezers.

Griddle/hot plate.

All associated equipment and utensils.

TENURE
We are advised Freehold.

HOURS
The business is open:

Monday: Closed

Tuesday: - Saturday: 6.00pm – close.

Sunday: Closed

The guest house operates all year round.

STAFF
The business is owner run and managed with 8 x staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £107,000 per annum, with a good gross profit.



Tenure: Freehold

Listed by: Hilton Smythe
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