Restaurant for sale

Bristol, Bristol, South West, BS16

£64,950

Property Description

Key features

  • Ref:14793 H
  • Leasehold

Full description

Business
Hilton Smythe welcomes to the market this fully renovated and newly designed steakhouse restaurant, run by the current owner since September 2017, ideally located in this popular and sought-after area of Bristol.

It has been completely re-fitted and the building renovated with new 3 phase electricity, cooling/heating system, new ceilings etc at a cost we believe from the owners to be around £140,000.

They are now only looking to sell due to ill health. They would also talk to any potential buyers about some sort of stage payment scheme if this was needed.

It has been set up as a specialist steakhouse offering high quality steak cooked on a stone, together with other meals from the grill. They also offer a take away service with kebabs and burgers on offer.

They only have limited opening hours at present due to owner’s ill health, but with longer hours, more advertising/promotions and by offering further products and ideas such as deliveries and an alcohol license, they could easily move things on to the next level. There is also the potential for a terrace to the front with seating and a rear yard which the owner was looking to develop into an alfresco dining area.

An internal inspection is highly recommended to appreciate the location and potential on offer.

Location
The Old Steakhouse is situated in Staple Hill, a busy suburb of Bristol, lying outside the city boundary. It is directly east of Fishponds, south of Downend, west of Mangotsfield and north of Soundwell. In the 2011 census the population of Staple Hill was 7,338.

Bristol itself, is a city and county in South West England with a population of 454,200 in 2016. The district has the 10th-largest population in England. According to data from 2015, the city itself is the 8th-largest by population in the UK. The city borders North Somerset and South Gloucestershire, with the cities of Bath and Gloucester to the south-east and north-east, respectively. The area is served by several A roads and the M32 connects the city to the national motorway network, via the M4 and M5 motorways, offering easy access to all areas.

The shop itself has been owned by the current owner for around 12 months, however due to ill health and the need of an operation he is looking to retire.

Premises
These are easily managed premises covering around 100 sqm with A3 and A5 licenses, with the main restaurant area offering around 60 covers with tables and chairs, serving counter and till, kitchen/preparation area and his and hers toilets.

Terraced area to the front and a rear garden with separate access and storage area.

In 2017 the whole restaurant was refitted to a high standard with brand new fixtures and fittings to include Italian stone counter, ceiling with Spanish LED lighting, new white bathroom suites, 2 x air conditioning units for cooling heating and extraction, sound system, CCTV, Wi-Fi, phones and much more.

We have a wide range of equipment included within the sale which was also brand new at opening including:-

Drinks chiller,
Ice machine,
Dishwasher,
Electronic till system,
Sage coffee machine,
Tables chairs and benches,
Fondue set,
38 x stone steak cooking plates,
Freezer,
American style fridge,
Buffalo salamander grill,
Specialist double oven for stone steak plates,
Microwave,
Chest freezer,
Thor 4 ring cooking range with grill,
2 x buffalo deep fat fryers,
Thor grill,
Cutlery,
Glasses,
Plates etc and various cooking pans and implements that are still unused.

Tenure
We are advised that the business is being sold as a leasehold opportunity, with a rolling lease.

The rent payable is £12,000 per annum which is very reasonable for this part of Bristol.

Hours
The business currently opens:-

Monday to Sunday 5:00 p.m. to 11.00 p.m.

They sometimes need to vary these hours due to the owner’s health.

Staff
The business is currently run by the owner and some other part time members of staff.

Financial Profile
The business has only been in operation since September 2017 and the owner has been suffering ill health, however we believe from the owner that the shop turns over around £3,000 to £5,000 per week and is only set to grow.

There are no rates payable as the café benefits from small business rate relief.


Nearest stations

  • Stapleton Road (2.6 mi)
  • Bristol Parkway (2.6 mi)
  • Filton Abbey Wood (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stapleton Road (2.6 mi)
  • Bristol Parkway (2.6 mi)
  • Filton Abbey Wood (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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