Restaurants for sale in Bath

View the "Exceptionally High Quality & Award Winning 60 Cover Licensed Restaurant" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Exceptionally High Quality & Award Winning 60 Cover Licensed Restaurant

Bath, England

  • Leasehold Price: £95,000
  • Sale Agreed
  • Annual Turnover: £1,044,785
  • Annual Net Profit: £108,000
Seller Reference: 2120
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: 2120
Request Details
Business Description
THE PROPERTY
Circus Restaurant is a thriving and extremely well-regarded quality licensed restaurant, with an exceptional reputation as one of Bath's premier restaurants. This most impressive business opportunity is presented to an exceptionally high standard throughout having been the subject of complete renovation and refurbishment by our client's during their 13 years of ownership, with no stone having been left unturned. This includes a kitchen extension. The sale of Circus Restaurant represents a fantastic opportunity to purchase an extremely profitable and highly desirable catering business with impressive and consistently high sales, in a much-coveted location. The property occupies the ground and lower ground floor of a classic Georgian town house and is Grade II listed. The character premises offer a blend of character features with modern furnishings and décor, being purpose equipped and fitted to a high standard throughout. The business briefly comprises: - Attractive Ground Floor Restaurant comfortably seating 20 covers; an Impressive Lower Ground Floor Restaurant comfortably seating 32 covers; fully equipped Commercial Catering Kitchen with Ancillary and Welfare Facilities; Al Fresco Pavement Seating Area for 8 customers, Basement Cellar Storage Area and Private Rear Courtyard providing additional storage areas. This is a unique opportunity to purchase a renowned high turnover restaurant, in a superb trading position with significant six figure profits. The business is run predominately under management, with a full team of staff in place. The owners currently maintain a role overseeing operations.

SITUATION
Circus Restaurant occupies a prime trading position on Brock Street which links the Royal Crescent and The Circus, Bath's most iconic architectural landmarks. Bath is a world heritage city famed for Roman antiquity and its stunning Georgian architecture. With a variety of historical sights and museums, Bath boasts an eclectic mix of independent boutique shops, alongside international brands, top level sport at Bath Rugby and relaxation at the world-famous Spa. Brock street is a vibrant residential street of Georgian architecture, which borders the many acres and open space of the beautiful Royal Victoria Park. Bath is a very cosmopolitan city, catering for all and arguably has some of the best education, recreation, cultural and sports facilities in the country. Bath has easy access to London via the M4 (90 minutes) and train (75 minutes).

INTERNAL DETAILS - GROUND FLOOR
Glazed double frontage with glazed central entrance door to front leading into Ground Floor Restaurant an attractive character trading area fitted to a high standard throughout having been purposefully equipped and furnished with parquet wood flooring, ornate original ceiling cornicing, ceiling fan, feature lighting, feature fireplace (disused), music speakers, range of free standing quality upholstered chairs and solid wooden topped tables comfortably seating 20 customers. Solid wood topped Customer Servery with extensive display shelving, commercial cappuccino coffee machine, coffee grinder, glass washer, double glass fronted bottle fridge, EPOS touch screen cash register linked to the online reservation system, music system with separate volume controls for each level, stainless steel sink unit and wine racking. Waitress Station Area, with double glass fronted bottle fridge, storage shelving and work surfaces. Commercial Catering Kitchen with non-slip flooring and fully wipe clean clad walls, fitted to an exceptionally high standard with a comprehensive range of commercial catering equipment to include :- extractor system with stainless steel canopy over and gas interlock system, 6 burner gas range, stainless steel work benches, stainless steel racked shelving, twin double bowl stainless steel sink unit, stainless steel hand basin, eye level grill, undercounter fridge, twin floor standing deep fat fryer, Rational combi oven, warming cabinet, serving gantry with warming lamps, commercial microwave oven, double commercial undercounter fridge, double upright commercial fridge and single upright commercial fridge. Wash Up Area with non-slip flooring and fully wipe clean clad walls, stainless steel wall shelving, stainless steel work surfaces, deep bowl stainless steel sink unit and 2 commercial dishwashers.

LOWER GROUND FLOOR
Impressive and stylish Downstairs Restaurant with an eclectic blend of character and modern contemporary furnishings, air conditioning, carpeted flooring, two feature fireplaces (disused), feature lighting, music speakers, range of quality upholstered chairs and wooden topped tables comfortably seating 32 customers and French doors to the rear, providing natural daylight. Waitress Station with storage cupboards, display shelving units and EPOS touch screen cash register linked to the online reservation system. Ladies and Gent's WC's. Cellar Storeroom. Staff Changing Area with non-slip flooring, lockers and sink unit. Fridge/Freezer Store Area with upright freezer, upright fridge, chest freezer, two upright commercial fridges, non-slip flooring, stainless steel racked shelving units, two upright wine fridges, wine racking, two washing machines and a chest freezer. Wine Cellar with shelving and racking.

EXTERNAL DETAILS
To the front of the premises is a Pavement Terrace Seating Area with retractable awning and heat lamps, offering Al Fresco seating for 8 customers. To the rear of the premises is an enclosed Private Courtyard, leading from the kitchen with a covered Store Area with racked shelving, triple glass fronted fridge and Bin Store Area.

THE BUSINESS
Circus Restaurant is an award-winning licensed restaurant set within a character building over two floors. This busy independent restaurant serves modern European food, from a seasonally changing menu, accompanied by quality wines in attractive surroundings. The business enjoys excellent levels of regular repeat trade and boasts an impressive local following, not only from Bath but from the local surrounding villages and towns, together with a year-round boost from visitors and tourists to the city. The high quality and standards throughout the business have resulted in Circus Restaurant being awarded numerous high profile awards and accolades including Certificate of Excellence and a Travellers Choice Award from TripAdvisor (TripAdvisor's highest recognition awarded to the top 1% of businesses worldwide), the number 1 restaurant in Bath on Four Square City Guide and Bath's top choice restaurant on Lonely Plant. The restaurant is also Michelin Guide listed, Good Food Guide recommended, Hardens Guide (Certificate of Achievement) and listed in The Times 20 Secret Restaurants that Foodies Love in the UK. The business has its own website which provides a further overview of the business and menus and also benefits from a 5 star food hygiene rating. The business was established by our clients in 2008 and they have significantly invested and improved the property and business, regardless of cost. Consequently, the business and property are presented in first class order throughout. With impending retirement in mind, our clients have reduced their involvement in the running of the business during the last view years. They now oversee the daily running of the business, employing a full complement of staff who run the business on a day to day basis. Viewing is essential in order to fully appreciate the exceptionally high standards inherent throughout all aspects of this most profitable of businesses.

CURRENT STAFFING
The restaurant is currently run by 2 full time managers, 4 full time chefs, 2 full time KP's and 5 full time waitresses. The owners oversee the day to day operation of the business. The sale will be subject to Transfer of Undertakings (Protection of Employment) regulations (TUPE).

TRADING INFORMATION
Accounts for the year ending 30th April 2019 show sales of £1,044,785 net of VAT with a net profit of circa of £100,000 being shown before adding back owner's salaries of circa £30,000. Accounts for the year ending 30th April 2020 show sales of £967,440 net of VAT with a net profit of circa of £108,000 being shown before adding back owner's salaries of circa £30,000. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

TRADING HOURS
The business trades from Monday to Saturday. Morning coffee is served from 10.00am until midday, lunch is served from midday until 2.30pm, afternoon tea/coffee/drinks available from 3pm and dinner is available from 5pm until close. The business is closed on Sunday.

POTENTIAL
The sale of Circus Restaurant provides an excellent opportunity to purchase a thriving, award winning and well-regarded restaurant business which is extremely profitable, and which still offers potential to increase the current high turnover levels still further. There is opportunity to increase the opening hours and introduce Sunday opening as well as a breakfast menu. The sale of Circus Restaurant represents a rare opportunity to purchase a fully equipped, high quality licensed restaurant business which has a full complement of experienced staff in place and offers new owner's the ability to move in and start trading without the need for any major expenditure.

SERVICES
All mains services are connected.

PRICE & TENURE
£95,000 for the valuable leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

The business is held on a 15-year lease from October 2016 with a current rent of £25,000 per annum with rent reviews every 5 years. Full details available upon request.

EPC
Listed building and therefore exempt.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel: . Email:
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
Trading hours:
The business trades from Monday to Saturday. Morning coffee is served from 10.00am until midday, lunch is served from midday until 2.30pm, afternoon tea/coffee/drinks available from 3pm and dinner is available from 5pm until close. The business is closed on Sunday.
Number of employees:
11
Tenure:
Leasehold
Location Details:
Circus Restaurant occupies a prime trading position on Brock Street which links the Royal Crescent and The Circus, Bath’s most iconic architectural landmarks. Bath is a world heritage city famed for Roman antiquity and its stunning Georgian architecture. With a variety of historical sights and museums, Bath boasts an eclectic mix of independent boutique shops, alongside international brands, top level sport at Bath Rugby and relaxation at the world-famous Spa.
Leasehold Term:
The business is held on a 15-year lease from October 2016 with a current rent of £25,000 per annum with rent reviews every 5 years. Full details available upon request.
Downloadable Documents:
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