Restaurants for sale in Todmorden

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Successful Fine Dining Restaurant

Todmorden, West Yorkshire, England

  • Leasehold Price: £75,000
  • Annual Turnover: £140,000
  • Annual Net Profit: £30,000
Seller Reference: PAX01321458182
Business Description
 
 
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Seller Reference: PAX01321458182
Request Details
Business Description
For sale a beautiful 22 cover fine dining restaurant in Todmorden, West Yorkshire. The restaurant currently opens Wednesday to Saturday, evenings and Thursday- Saturday lunch, serving a five or eight course set tasting menu. The restaurant has been open since October 2015 and has gained a strong reputation and loyal customer base. The restaurant has been featured in The Good Food Guide three years running, and has received acclaim by regional publications including The Yorkshire Post and Manchester Confidential, as well as being number one on trip advisor in the local area.
The restaurant has increased in sales year on year and made a profit of £30,000 in its last financial year. The restaurant benefits from extremely low overheads and staffing costs, with rent currently set at £7620 per annum. Operating margins are extremely strong, and the restaurant benefits from a very high average spend. The restaurant has a fully equipped kitchen, which holds a five star food hygiene rating, a well presented dining area and bar, and ample storage basement. The restaurant has a fully functional website, and is active on social media, with 6200 facebook followers, 2600 on Instagram and 1000 followers on twitter. The restaurant has a strong relationship with suppliers, has forward bookings and is fully equipped and ready for any potential new owner to take over immediately. There is also a huge opportunity to expand turnover by increasing trading days, offering an a la carte menu, afternoon teas, brunches or small functions.
The current owners are regretfully selling to take on a larger operation, but are willing to be provide assistance and guidance to any potential new owners to see the restaurant remain successful.
Tenure:
Leasehold
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