Restaurants for sale in Ingatestone

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Restaurant And Bar - Essex

Ingatestone, Essex, England

  • Freehold Price: £995,000
  • Annual Turnover: £414,599
Seller Reference: KBT47912
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: KBT47912
Request Details
Business Description
• Village location / Two bedroom owner’s accommodation
• Excellent reputation / Destination restaurant
• Overall site c. 1.72 acres along with ample parking
• Refurbished to a high standard throughout

Quaint restaurant business with excellent reputation. Essex village location. Regular and loyal customer base. Limited opening hours through choice. Income c. £400k per annum with high margins. Genuine potential to increase income. Refurbished and presented to a high standard throughout. Ideal opportunity for an experienced, hands on operator. Two bedroom owner’s accommodation above. Overall site c. 1.72 acres. Retirement sale. Viewing recommended. Freehold Ref: 47912

Destination restaurant and bar which is situated in a semi rural area of Essex. We have been advised that the premises have been a public house since c. 1850 and it was purchased by our client in 2009 having been closed for almost a year.

Having completely refurbished the property before reopening, the business now has a loyal and regular customer base which continues to grow, mainly by word of mouth such is the reputation of the food and customer service. We have been advised that whilst the majority of clients come from the local area and surrounding villages, many travel from further afield.

There are many small villages surrounding the business and although there are good road links locally there is limited passing trade during the day, it has become a ‘destination’ venue during the evenings and weekends having gained an excellent reputation for a stylish gastro pub with quality food, much of which is sourced locally where possible.

The restaurant can seat approx. 45/50 covers plus 24 on patio and 30 in the garden and provides a light and airy environment to sit and eat. The beer garden to the front also provides an ideal place to enjoy a drink or meal. The restaurant is open for lunch and dinner from Tuesday to Saturday through choice and families are welcome.

In our opinion, the business is very much under traded through choice and any new owner could increase the income by utilizing the stunning gardens for wedding receptions and private parties in the grounds within marquees.

Summary. A superb opportunity for a hands on, experienced operator to take this business on to the next level and to further develop the customer base by taking advantage of a first class location and reputation gained under the current ownership.

An inspection is highly recommended to fully appreciate the business opportunity, overall setting and semi rural village location.

Tenure:
Freehold
Is accommodation included?:
Yes
Listed by:
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