"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
The business comprises a 120-seat restaurant with a lovely outdoor seating area and an adjacent farm shop/deli, set in an idyllic historical farmhouse.
How long has the business been established?
Launched in December 2019
How long has the owner had the business?
Since inception.
How does the business operate on a daily basis?
This is a regular restaurant with a lovely ambiance but it also has a farm shop/deli for which they bake their amazing range of "homebaked" goods.
How are the clients attracted to the business?
Well located with easy accessible onsite parking. The food is amazing as noted by customers and it keeps them coming back again and again. Word of mouth plays a big part. The setting is beautiful. Indoor (with fireplace) and outdoor seating provides desirable seating options.
What Advertising/Marketing is carried out?
Social media : Facebook (over 12500 followers); Instagram, x; threads.
Does the business have any contract work?
They do outside catering which customers collect on a regular basis.
What competition exists?
Local eateries and coffee shops
What are the seasonal trends?
Winter confines them to indoors however the fireplace helps. Turnover is considerably lower during winter months, but the deli just grows and grows despite the rain and cold.
Is the business VAT Registered?
Yes
What VAT documentation is on file?
Up-to-date VAT submissions are available.
Are there up-to-date Management Accounts available?
Yes
What Balance Sheet and Income Statements are available?
Last financial year
How could the profitability of the business be improved?
Portion size adjustment, better stock control, schedule staff more effectively, price adjustment.
Negotiate better deals with suppliers.
Is Seller finance available and for what amount?
No
What is the total staff complement?
15
Give a breakdown of staff/ functions/ length of service?
Head Chef, 4 further chefs.
Baker, barista, pool of 5 waitrons
Manager (1 year)
2 Scullery
The rest with us since inception
Do any receive special perks or incentives?
No
Are they on contract?
Permanent, some hourly
Do any have management potential?
Top Manager already in place
How involved is the Owner in running the business?
One of the owners is always around checking on quality of food, service and public relations.
When does the current lease end?
End 24
Is there an option of renewal & what period?
Further 5 years at existing rental confirmed. A further 5 year option
What is the annual escalation %?
7%
What are the trading hours?
8.30-4 seven days a week
What is the square meters of the business?
180sqm in and outside plus garden. Approx 140 pax.
Is a copy of the lease available?
Yes
Do you require a licence?
Already in place
What lease deposit and/or other surety is required?
2 monthâs rental
What are the main assets of the business?
An asset list is available
Are any items not included in the sale?
No
What is their overall condition?
Good
Do any require repairing?
No
How have they been valued ?
Fair market value
Are they presently insured?
Yes
Strengths?
Continually growing customer base. Over 12 500 FB followers; 1600 instagram followers. Known for delicious food and excellent service.
Well located close to primary target market
Ample on-site parking
Idyllic setting
Weaknesses?
Limited winter indoor space
Opportunities?
Add more blinds for outdoor winter trade
Huge opportunity for functions (we decline repeated requests)
Expand on outside catering â big trend
Continue to grow secondary and tertiary markets through social media
Threats?
Economic changes
What is the reason for the sale?
Retirement
Why is this a good business?
Profits are good. Loyal trained staff.
Little or no competition
Deli shop showing huge growth.
