Business
***OPTION TO RENT THE ASSETS FROM THE SELLER AT A REDUCED ASKING PRICE OF £35,000***

Please quote reference B07480 

CoGoGo are delighted to welcome to the market Tortugas, a highly rated restaurant and Cocktail bar in Worcester.

The business was first established by our client in 2021, building up an excellent reputation and regular client. As seen by the many fantastic online reviews and ratings, the business is extremely popular within the local community.

This business opportunity as now come to the open market due to our clients desire to move on. 

Tortugas is an independently run bar and kitchen, serving up great Caribbean food & Tiki cocktails in the heart of Worcester city centre.

The business was founded by the current owner when he identified a gap in the food and drink scene in Worcester.

The business offers a truly authentic experience and offers an extensive menu. Food is freshly made to order on the premises using local produce wherever possible. Customers can dine in, takeaway their food away or have it delivered via Just Eat.

The sale will include the company website and the business enjoys good visibility on the internet with great reviews.

Key selling points –

• Prime trading position in the centre of Worcester, close to the Cathedral and other city centre attractions
• Current owner happy to offer a handover and support to ensure the continued success of the business
• Well established business with an enviable reputation and many existing customers
• Ideal owner managed or partnership business
• Perfect business for an ambitious chef looking for their first business opportunity
• A real opportunity to increase turnover and profits significantly, current owner has been running at a pace to suit due to other business interests

Scope for further growth –

• Advertising and Marketing campaign
• Maximise the use of social media platforms
• Extend the opening hours
• Introduce a customer loyalty card/scheme
• Explore online voucher offerings from the likes of Wowcher , Groupon and Taste Card etc

Location
Tortugas is located on Frair Street, in the city centre of Worcester.

The business is beautifully presented and maintained with clear visible signage, sitting alongside other complimentary businesses, receiving high levels of footfall.

There is free on-street car parking for 45 minutes and the business is only a few minutes walk from a number of inexpensive public car parks.

Premises
The business occupies generous premises ideally suited to the trade in an attractive Listed building with bar and restaurant areas along with a comprehensively equipped catering kitchen. There is a formal dining area and the premises accommodate approximately 52 covers.

Tenure
We are advised that the business is being sold on a Leasehold basis. As our client owns the freehold, a new lease will offered to the new buyer. 

Hours
The current trading hours are –

Monday – Closed

Tuesday to Thursday – 4:00pm – 10:00pm

Friday to Saturday – 12:00pm – 12:00am

Sunday – Closed

Staff
We are advised that the business has 4 full-time, 6 part-time and casual staff members, as and when needed. 

Financial Profile
We are advised the turnover as of the 2023 accounts is over £300,000