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French Cuisine Restaurant on River Front

Bradford-On-Avon, Wiltshire

£79,950 +SAV

Ref: 12471 I

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Description

Hilton Smythe welcomes to the market Sebastien’s Bistro. The business was originally established by our clients in 2013. The owners are now looking to sell the business due to the desire to focus on other interests. The business offers a range of dining options; pastries, breakfast, lunch and dinner all with roots in classical French cuisine. Capitalising on the availability of local and seasonal produce, the dishes are simple, honest and true to the style of a modern bistro, with an affordable and exciting menu. The restaurant - which has held a 5 star certificate in food hygiene from its inception - has established an outstanding reputation, with a loyal following of customers both regional and nationwide. This is reflected in the abundance of positive reviews evident on websites such as TripAdvisor, write-ups in culinary magazines and the word-of-mouth amongst locals. As well as casual dining, the open restaurant space is suited to larger gatherings and private functions, and has been a popular destination for wedding celebrations and a place to show live music. As per 2016 accounts the business generated an advised turnover of around £130,000 with a gross profit of 72%. This is a great turnover that could be increased even further by maximising opening hours, and utilising online and social media presence. The property has recently been refurbished and so this would make a great opportunity for a purchaser looking for a walk-in trading opportunity.

Tenure

Leasehold

We are advised the business is leasehold. Original lease length: 20 years.Remaining lease length as of 2016: 17 years Rent: £20,000 per annum

Hours

The business opening hours- Monday: ClosedTuesday - Saturday: 10am – 2pm & 6pm – 9pm Sunday: Closed

Staff

The business is run and managed by our client with the help of 6 members of staff.

Financial Profile

As per 2016 accounts the business generated an advised turnover of around £130,000 with a gross profit of 72%.

Location

Sebastiens Bistro is located in Kingston Mill, Bradford-On-Avon, Wiltshire. The business is situated within a grade II listed mill at the heart of the town, with stunning, unrivalled views across the banks of the river Avon and overlooking the historic town bridge. The recently developed Kingston Mill estate accommodates a large number of residents, alongside an abundance of independent shops and a monthly farmer’s market, maximising the area’s potential for attracting footfall and passing trade. Bradford-On-Avon was recently named in Sunday Times' list of the UK’s best towns and suburbs to live in, and with the beautiful surroundings steeped in historic architecture, the area is a year-round tourist attraction. The restaurant is located adjacent to the main road through the town centre, which connects to the south-west of England via A361, and north towards Bath and Bristol via the A4. Bus stops and the town’s train station are all within a two minute walking distance of the business.

Premises

The business boasts a corner position with a southerly aspect, immersing both the interior and terrace area with all-day sunshine. There is a large terraced area at the front of the property with panoramic views of the town and river, which is an incredibly popular setting during warmer summer months. The inside of the property is spacious and light, with the bar, dining area and fully equipped kitchen all within the open plan layout. The original factory windows and exposed pipes recalls the building’s industrial heritage, while the wood flooring and hanging light fixtures gives the premises a warm, modern atmosphere. Access to the property is wheelchair friendly, and there is a fully equipped disabled toilet. Equipment included in the sale is as follows-2 x Twin induction hob2 x 800w microwaves6l depot fat fryer Ice cream machinePass through Hobart dishwasherHeates gantryStainless steel table and gantryPot wash sinkFood preparation sinkHand wash sink3 x Stainless steel shelves6 grid Hobart convection oven and shelving Hobart mixing bowlUpright freezers

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