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Popular Restaurant and Catered Events Organiser
Restaurant within exclusive gated rural development
Specialism in weddings & corporate events

Ref. CH146

Location : Gloucestershire

Asking Price : £375,000 inc. net assets

Turnover : £1,500,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : £150,000

Net Asset : £105,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Business highlights include:

Turnover: c. £1,500,000 per annum
Adjusted EBITDA: c. £150,000 per annum (before drawings)
Net Assets c. £105,000
Strong corporate client relationships
Exclusive, on-site restaurant

Over 9 years of successful trading
Excellent repeat customer base
Comprehensive stock of specialist equipment
Knowledgeable, experienced and motivated staff
Wide portfolio of added-value venues
Goodwill

Business Profile

This opportunity is organised in two parts, the first part is a busy and popular restaurant and the second part is a catered events company specialising in weddings and corporate events. They each share management and staff but trade under different names with their own trading goodwill.

The head chef at the restaurant is also the head chef for the catering company and brings the highest standards of quality to every menu.

The Restaurant

This restaurant was opened by the vendor for the exclusive use of residents and their guests in this private, gated community of luxury homes, set in a beautiful corner of Gloucestershire and has grown, in that time to become well established and profitable. Alongside the restaurant and for the benefit of residents, a general store retails many of the usual, every-day food provisions.

As the single location for dining out within the development, it would be very easy to allow an open all day environment for breakfast, lunch and dinner to become stale or boring but in the hands of the head chef, the menu varies regularly and maintains the interest of the development’s permanent residents and delivers a very high added-value experience for guests and those vacationing.

The restaurant also does very well for residents with its take-away and home delivery service, which is particularly busy during evening and weekend periods.

All of the necessary equipment is included in the sale and the core team manages the majority of tasks; temporary staff are relied upon for support during busy periods or staff holidays.

The restaurant is a stand-alone building in the same contemporary style as that of the residential development, with lots of glass & wood and offers a comfortable and light eating experience.

Key Strengths:

• Location
• Popular menu
• Quickly established
• Modern design and decor
• New lease to be negotiated
• Reliable full time management
• Profitable

The business is managed by the Vendor who has implemented a very efficient management system for detailing the terms of each day’s and week’s jobs to staff. Staff and contractors are fully conversant with the business’ techniques and methodology and are more than capable of enabling a new owner to successfully maintain continuity of trading.

Equipment:

The business has a comprehensive stock of equipment and facilities; a full list is available by request.

Customer Service:

Senior staff manage the restaurant on a day to day basis.

The Catered Events Company

This part of the business was set up by the vendor over 9 years ago and has grown in that time to become well established and profitable. The business specialises in offering the highest quality of catered event management services for special occasions, weddings and corporate events of every size and complexity.

The business provides its services for events throughout the region and currently has a bias in the management of weddings, with approximately 200x provisionally booked for the next trading year.

The business has corporate clients but it is this area of the business that offers the greatest opportunity for growth.

The attitude to food and the menus for events is exemplary and innovation in menu items follows stringently, the company’s seven key menu item attributes and is always re-imagining new and interesting options for a client’s table.

Professionalism in all parts of the business is demanded and this includes not only the food presented to clients but also the management infrastructure, IT, sales and venue management; all aspects of management are considered equally important and every employee is held to the highest standard.

The business is very sucessful and highlights include:

• Loyal long term clients
• The business has been around for over 9 years and is a solid repeatable business opportunity
• The business has untapped potential and is highly scalable
• Comprehensive service-product knowledge
• Solutions to complex requirements
• Very strong key venue relationships

The business is managed by the Vendor who has implemented a very efficient management system for detailing the terms of each day’s and week’s jobs to staff. Staff and contractors are fully conversant with the business’ techniques and methodology and are more than capable of enabling a new owner to successfully maintain continuity of trading.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover: c. £1,500,000 per annum
Adjusted EBITDA: c. £150,000 per annum (before drawings)
Net Assets c. £105,000

Asking Price:

The Asking Price of £375,000 including net assets is for 100% of the interest of the company, assuming Net Assets of circa £105,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £105,000 at completion.

Growth and Expansion:

Both of these trading entities, are located in the same premises within the same gated development and this gated development is growing all the time; the restaurant has been provided for by the estate management, to grow as the development itself grows.

The catered events management company could expand its roster of venues, increase its marketing effort, expand its activities in other areas of the UK and develop the corporate events part of the business; in this way it represents a significantly scalable opportunity for those interested or already in this sector.

Premises:

The restaurant is circa 800 square feet inside and can accommodate 50 covers and the outside area can accommodate 70 covers.

The kitchen is circa 600 square feet and is equipped with all the equipment necessary for a successful commercial catering operation.

There is a separate suite of management offices and a very unique space for tasting events and general meetings.

The premises are located within a private, upscale gated residential development, covering many acres of this beatiful corner of Gloucestershire. It is close to areas of outstanding natural beauty and is popular with holiday makers and permanent residents who have made their homes on the estate.

The premises are near main trunk roads and a short drive from the A419 and the M4 Motorway.

The lease period is 5 years with 2 years remaining.

Business Hours:

Restaurant: Monday – Sunday: 09:00-22:00

Events: Monday – Friday: 09:00-18:00 (Projects permitting)

Employees:

The vendor is supported by:

1x Full time General Manager
1x Full time Sales Manager
1x Full time Executive Chef
6x Full time restaurant & support staff

All staff are highly experienced and a real asset of the business.

Support and Training:

The current owners would be happy to provide full training and support at handover.

Reason for Sale:

The vendors have many business interests, all of which are maturing and becoming increasingly more demanding all the time; for this reason they feel that they have taken this business to the limit of their resource and believe that it is right to sell these opportunities to those that have the resources and the expertise to fully exploit them.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Turner Butler (e-mail:sales@turnerbutler.co.uk), telephone Head Office: 01895 256000.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk