BMB10517 French Style Bistro London Business For Sale

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BuyMyBiz Reference: BMB10517

Activity: French style Bistro / Restaurant Location London

Turnover: Approx. £250,000 p.a.

Asking Price: Offers Invited

Executive Summary

Previously the site for an Italian Restaurant for seven years, has been established for over 4 years. The successful restaurant follows the traditional and classical bistro style in both its decor and its food; which is, along with all the wines, currently French. The Bistro offers an à la carte menu, as well as a 2 or 3 course lunch option.
The Business is currently growing and turnover has increased by approximately 10% on the previous year.

Location

The business is positioned in a good location in London. Local competition comprises mainly of cafes and sandwich shops.

Business Premises

The business premises are situated in a prime position on a busy parade. There are 3 years remaining on the lease.
The current rent s £25,800 p.a. which is considered low for the area.

Opening Hours

Tuesday – Saturday Open for Lunch and Evening Dinner

Sundays 11am – 3pm

Mondays Closed

Staff

The business has been operated principally by the owner, plus 4 full-time staff members.

Equipment & Asset Value

The equipment & asset value is approximately £40,000. An asset list is available upon request.

The Opportunity

This is a fantastic opportunity for a first time restaurateur or small group looking for a ‘bolt on’ fully trading business. This ready-made business comes with an established client base, benefits of local awareness and marketing, premises in a good location and the equipment, furniture and fittings.
A full hand over will be provided to the new owners.

Next Steps

We highly recommend a viewing of this business at your earliest opportunity. To avoid disappointment, call 0330 133 2021 or email sales@buymybiz.co.uk.

To protect the confidentiality of our client and the business all viewings of this business must be made by appointment and detailed discussions can only occur after signing our confidentiality agreement.

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