#Business ID: 13747
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Business Location: Rickmansworth, Hertfordshire, England
Asking Price: £ 50,000 | Revenue: £ 208,000 | Cash Flow: not disclosed |
1950
Lease
Rickmansworth Rd, Northwood, Middlesex HA6 2QW
The premises are leasehold on a fully renewable lease with 15 years remaining. The annual is circa £40,000 with business rates circa £9,000. Overall the main dining area is circa 3,000 sq. ft. with the fully fitted commercial kitchen encompassing approximately an additional 700 sq. ft. The first floor comprises of a two double bedroom flat, currently used for storage.
There is a comprehensive website which benefits from natural search engine rankings and a small spend on ‘Google Ad-words’ There are current listings in the Yellow Pages and Thomson Directories, along with regular leafleting and in-house promotions. This brings in incredible levels of repeat bookings, recommendations and referrals.
Currently there is an un-used two double bedroom flat on the first floor which could be used by new owners as living accommodation, or sub-let to staff or as a private let. The premises themselves could lend themselves to being updated with a refurbishment of the main dining area and patio possibly over the next few years. There is also every opportunity to re-invigorate the marketing and promotion of the restaurant under new owner management.
12
Monday: Closed Tuesday – Thursday: 12:00 noon – 2:00 pm / 6:30 pm – 10:00 pm Friday - Saturday: 12:00 noon – 2:00 pm / 6:30 pm - late Sunday: 12:00 noon – 2:00 pm
The owners have run the restaurant with a great deal of passion over the years, and are agreeable to a period of handover for the successful transition to new ownership.
The owners of the restaurant are looking to retire after many successful years in the business.
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