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French Restaurant in Minchinhampton Gloucestershire

Price:
Freehold - £560,000
Turnover:
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Seller Ref:
2971
Location:

Gloucestershire , Minchinhampton

Business Type:

Food Service Businesses

See Other:
Restaurants for sale in Gloucestershire
Food service businesses for sale in Gloucestershire
Description:
THE BUSINESS:
Preferred Commercial is delighted to offer for sale this busy French restaurant, which was established in 1996 and which has been in our clients' careful hands since 2003. The restaurant is only now offered to the market due to our clients' retirement and other ventures. The business is run at a restricted pace to suit our clients, trading 5 days a week and generating a turnover in the region of £60,000 per annum with a gross profit of 60%. Sophie's Restaurant offers home-made French cuisine along with a selection of fine wines. The turnover could be further increased by trading 7 days a week and opening in the evenings. There is also scope to embark on a modest marketing campaign. The business has an enviable reputation, winning the Cotswold Restaurant of the Year in 2005 and appearing in the Good Food Guide. There is a website in place advertising the business and services provided. The premises are well-equipped to suit the trade and have been fitted to a high standard throughout. The property has permissions for a number of uses such as restaurant, general retail, business and residential. There is planning permission in place to convert the first and second floors into owners' accommodation, comprising 3-4 bedrooms, 2 x bathrooms, lounge and kitchen. Alternatively this could be utilised as extra restaurant space or let as either residential or offices to generate additional income. We have been advised that the business benefits from small business rate relief. This is an ideal opportunity to acquire an already busy restaurant with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.
Location Details:
Sophie's Restaurant occupies substantial 3-storey mid-parade premises, ideally located in the heart of the delightful market town of Minchinhampton, Gloucestershire. The premises benefit from ample on-street parking and are surrounded by a variety of commercial and domestic properties. The town's amenities are nearby, including schools, a library and churches. The area is well-served by public transport with a number of bus stops within easy walking distance. The premises are easily accessed via the A-road network and the M5 motorway. Minchinhampton is a rural town in the Cotswolds, surrounded by picturesque countryside and is a desirable place in which to live and work. Stroud lies 4 miles away, while Gloucester is approximately 13 miles to the north.
Trading Hours:
Sun-Mon:Closed Tues-Fri:9:00am to 11:00am and 12:00pm to 2:30pm Sat:7:30pm to 12:00am
Accommodation:
Substantial 3-storey mid-parade grade II listed Victorian restaurant premises in town centre location. Briefly comprising: Ground Floor • Large hallway • Servery with inglenook fireplace, counter, coffee machine, electronic cash register and tables and chairs for up to 4 covers • 'George' restaurant area with feature fireplace, exposed beams, tables and chairs for up to 20 covers • Second restaurant area with feature fireplace, tables and chairs for up to 24 covers • Ladies and gents WCs with wash hand basins • Commercial kitchen with stainless steel work surfaces, 3 x refrigerators, 2 x 6-burner ranges, microwave ovens, double fryer, 2 x chillers, dishwasher and commercial sink • Reception area with tables and chairs for up to 16 persons and door to patio area Lower Ground Floor • Cellar First Floor • 4 x rooms currently used for storage Second Floor • 3 rooms, used for storage • WC External • Enclosed rear courtyard • Patio area
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