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Restaurant for sale

Bridge Street, Bakewell, Derbyshire, DE45

Leasehold £149,000
464 sq. m.

Property Description

Commercial information

  • Business for sale
  • 4,994 sq ft (464 sq m)

Key features

  • REF 3114

Full description

Tenure: Leasehold

Rileys occupies substantial ground floor premises, ideally located within the popular tourist destination of Bakewell, Derbyshire. The business is situated within the town centre and is surrounded by a wealth of complimentary independent shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from good car parking facilities within the immediate area.

Bakewell is the only market town within the Peak District National Park boundary and its attractive courtyards, independent shops, cafés and its location on the River Wye make it a hugely popular destination for tourists to the Peak District. Bakewell is best known for a confection made by mistake, when in the 19th century a cook was making a jam tart, but misunderstood the recipe and so Bakewell pudding was created.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is in Matlock, which is approximately 8½ miles away. The area is also well-served by the A-roads, with the A6 being within easy driving distance, which links to the national A-road and motorway networks. Both Buxton and Chesterfield are approximately 12½ miles away.

Hilton Smythe is delighted to welcome to the market this popular restaurant and bar in the tourist destination of Bakewell, Derbyshire.

The business was established by our client in 2015 and is only now being offered to the market due to our client's desire to concentrate on other business interests. The restaurant/bar currently operates 7 days per week and generates a fantastic turnover in the region of £400,000 per annum, with a good gross profit.

Our client offers a wide variety of fayre, which is all freshly prepared using the finest locally sourced Derbyshire produce. Menu's include the early Bird menu, which is available Monday to Saturday, the A La Carte menu, available Tuesday to Thursday and the very popular Sunday Roast menu, which features roast beef or pork from a local farm. The fully licensed restaurant and bar also offers a variety of beverages including wines, cocktails, craft beers and artisan coffees.

The property boasts a spacious bar area, a cocktail lounge/relaxed eating area, a very stylish restaurant, a full commercial kitchen and a wash-up area. The premises are extremely well maintained and decorated to a very high standard. Approximately £80,000 has been spent by our client, ensuring the business has the highest quality fixtures and fittings.

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

The restaurant boasts excellent reviews and ratings on the popular website Trip Advisor and is the winner of Diners Choice 2015 by Opentable. Our client is more than happy for a new owner to retain the business name.

We feel there is scope to increase the turnover by extending the opening hours. 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 to promote the restaurant at, which offers online booking facilities.

This is a rare opportunity to acquire a popular restaurant business, which is beautifully presented and in a prime trading position; therefore early viewing must come highly recommended to avoid disappointment.

Substantial ground floor premises in an ideal trading location, briefly comprising:

Bar area with:

A beautifully presented and welcoming space with window to front creating a light airy interior.
Slate tiled floor.
Dado rail.
Spotlights to ceiling.
Feature fire place (stone).
Breakfast bar to window with stools beneath.
Exposed brickwork to wall with chalked menu board.
Combination of high and low tables and chairs.
Comfy leather sofa and complimentary coffee table.
Bespoke bar, comprehensively equipped with high spec coffee machine, coffee grinder, two double glass fronted drinks chillers, stainless steel backsplash and bar top, glass wash, ample glass storage and door to cellar.

Cocktail lounge/Relaxed eating area:

Beautiful space with a real high end, upmarket feel.
Window to side.
Spectacular glazed roof light with feature chandelier flooding the room with natural daylight.
Wood effect laminate flooring.
40 covers approximately.
A wealth of exposed stonework and stripped wood further emphasising the feeling of quality.
Air conditioned throughout.
Dado rail and wall mural.

Kitchen with:

Generous sized catering kitchen fitted out at considerable cost and comprehensively equipped.
Ample stainless steel preparation areas.
Full extraction system.
6 burner hob with oven beneath.
Stainless steel fridges and freezers.
Microwave oven.
Perimeter shelving.
New industrial oven with plate warmer below.
4x fryers.
Salad bar.
Wall mounted grill.
Hand wash basin and Bain Marie.

Wash-up area with:

Good size stainless steel sink and drainer with useful storage space beneath, perimeter shelving and industrial dish washer.

Oak Room Restaurant with:

Absolutely stunning room, immaculately presented and welcoming.
A real high end feel with wood panelling to walls that originated from Hadon Hall.
Windows and glazed door to side with pull down Venetian blinds.
Timber flooring.
Beamed ceiling with feature spotlighting.
Fantastic feature fire place, stone built, with open fire.
Exposed stonework to walls with further feature wallpapered wall.
Bespoke wood panelled bar generously stocked and with a generous run of bar top.
Beautifully carved intricate doors.

We are advised Leasehold:

Original lease length: 5 years
Remaining lease length: 4 years
Rent: £30,000 per annum

There is an option to extend the lease for another 7 years, which is written within the contract.

The business is open:

Monday: 12.00pm - 5.00pm
Tuesday - Saturday: 12.00pm - 1.00am
Sunday: 12.00pm - 5.00pm

The business is owner run and managed with 4 x full time staff members.

The business generates a fantastic turnover in the region of £400,000 per annum, with a good gross profit.

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