 | REDUCED Steak Restaurant & Grill For Sale Minehead, Somerset, United Kingdom Advert ref: 2192 FINANCIAL DETAILS | Asking price: Undisclosed Sales revenue: < £200k Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The current owners have run the business for many years during which time they have developed a business model which is both profitable and sustainable. The main focus is as a steak and grill licensed restaurant offering a wide range of freshly cooked meat and fish together with a weekend roast carvery; there is scope to change the focus of the menu to satisfy any genre of cuisine,
New owners may want to consider additional opening hours and modification of the menu to suit day time customers, ideally more of a café type menu with hot drinks and ice creams etc; the outdoor terrace would be ideal especially in the long summer season.
Whilst Minehead is a tourist destination the business is not entirely dependant upon their trade, much of the business is generated from a local residents
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GENERAL INFORMATION | Years established: many
Property: Leasehold
Lease terms
The rent is £17000 per annum payable one month in advance and the landlord is prepared to offer a new lease to the purchaser (subject to usual references)
Living accomodation
na
Location
A prime location in the centre of Minehead, the business is situated on the town’s main shopping street; the premises have eye catching graphics making the business attractive to passing trade (pedestrian and motorist)
Minehead and surrounding districts have a population of 15.6k ( over 15’s) and around 8113 households; this swells significantly in the summer especially by visitors to Butlins ( 9000 new visitors every week) . As the camp is open 49 weeks of the year there is all year round tourist trade.
Expansion potential
day time trade would enhance the revenues.
Competition / Market
nothing similar
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The Business Partnership - Avon, Somerset, South Gloucs, Wiltshire | | | |
