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Restaurant for sale

Burnley Road, Todmorden, West Yorkshire, OL14

Leasehold 96 sq. m. | £45,000

Property Description

Commercial information

  • Business for sale
  • 1,033 sq ft (96 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • REF 12372
  • LEASEHOLD BUSINESS

Full description

Tenure: Leasehold

LOCATION
The Tapas Bar occupies substantial two storey premises, ideally located on the very busy A646 Burnley Road, within the town of Todmorden, West Yorkshire. The Tapas Bar is surrounded by a wealth of complimentary shops and business, therefore benefiting from a very high volume of footfall and passing trade. The business further benefits from on street parking facilities to the front of the premises.

Todmorden is a market town and civil parish in the Upper Calder Valley in Calderdale, West Yorkshire. The town is at the confluence of three steep-sided Pennine valleys and is surrounded by moorlands. The area is very popular with tourists and visitors, due to the beautiful scenery surrounding the town.

The area of the business is very well served by the public transport system, with several bus stops within easy walking distance of the property. Todmorden railway station is just a 5 minute walk away. The area is also well served by the A-roads, with the business being situated on the A646, which links to the national A-road and motorway networks. Halifax is approximately 13 miles away and Manchester is 24 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular tapas bar, which is ideally located in Todmorden, West Yorkshire.

The business was originally established by our client in 2004 and only now is it being offered to the market due to our client's desire for early retirement. This affords an excellent opportunity to negotiate the terms of a brand new lease as our client owns the freehold. The business currently operates at a pace to suit our client opening just 4 evenings per week, generating a turnover in the region of £70,000 per annum, with a good gross profit.

Our client offers a wide variety of tapas, sharing platters, specials and Paella, to name a few, as well as a selection of hot, cold and alcoholic beverages, specialising in Spanish bottled beers. The premises boasts approximately 50 internal covers, as well as a further 20 external covers. The property is very well maintained, decorated to a very high standard and extremely well fitted out to suit the trade.

The business has built up an enviable reputation within the area and further afield for the very high quality of the fayre and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening 7 days per week. A new owner could also embark on a modest marketing campaign to highlight the excellent food and service offered. The business already has a very informative website in place, which could incorporate online booking facilities. Our client has also taken advantage of social media, with a Facebook page, which has nearly 800 likes.

This is a wonderful opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial two storey premises in an ideal trading location, briefly comprising:

Ground floor:

Main restaurant area:

Tables and chairs for 25 covers.
Excellent décor.
Many paintings and plates on walls, giving it a Mediterranean feel.
Main bar with seating for approximately 6 people,

Commercial kitchen:

Rangemaster cooker.
Hot plates.
Microwave ovens.
Refrigerators.
Freezers.
Storage.
Stainless steel hand wash basin.
Boiler.
Pans.
Cooking utensils.

Stair leading to upper floor.

First floor:

Approximately 25 covers.
Beautiful beamed ceiling.
Preserved old wooden flooring.
Ladies and gents WCs with hand wash basins.

The first floor is ideal for private parties.

External:

Large terraced area to front for approximately 20 covers.
Good signage.
On-street parking facilities.

TENURE
We are advised leasehold.

Our client owns the freehold. A new lease is offered with terms, including rent, to be negotiated.

HOURS
The business is open:

Monday - Tuesday: Closed
Wednesday - Thursday: 4.00pm - 9.00pm
Friday: - Saturday: 4:00pm - 11:00pm
Sunday: Closed

STAFF
The business is owner run and managed with 3 x part-time staff members.

FINANCIAL PROFILE
The business a turnover in the region of £70,000 per annum, with a good gross profit.


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