Huntly, Aberdeenshire

Overview

Asado Steakhouse is a successful Argentinian steakhouse restaurant located in the heart of Stratford, London. The business offers a unique and exciting alternative to a traditional restaurant experience, serving the finest Argentine meats in an extensively modernised, fully refurbished premises completed to an exacting standard.

This is a genuine turnkey opportunity for an incoming operator. The restaurant is fully fitted and operational, presented to an exceptionally high standard throughout, with no further investment required to continue trading from day one.

With a loyal, repeat customer base and an outstanding online reputation, Asado Steakhouse combines quality, character and a strong local following in one of central London's most vibrant districts.

Business Highlights

- Established Argentinian fine-dining steakhouse in a prime Stratford location
- Headline turnover of circa £362,000
- Adjusted net profit of circa £147,000
- Fully fitted and refurbished to an exceptionally high standard - a true turnkey opportunity
- Seating capacity for 65 covers
- Full liquor licence in place
- 5-star food hygiene rating and excellent independent review scores
- Loyal, regular customer base providing consistent repeat revenue

The Business

Asado Steakhouse has an exceptional reputation for high-quality Argentinian fine dining, with an extensive menu offering what is regarded as some of the best beef in the world. The establishment is a firm favourite amongst both locals and visitors to the area.

The business offers customers a unique dining experience built on excellent service, good value, cleanliness and unrivalled high-quality food prepared on the premises. The menu spans steak dishes complemented by chicken, fish and lamb, and the business caters for all customer requirements, taking into consideration food allergies and intolerances.

The cuisine is characterised by the sharing of flavourful meats and dishes, with the chance to sample new cuts via a tasting platter. Menu highlights include freshly prepared traditional Argentine starters, a signature range of quality steaks and special cuts, burgers and further main dishes, a choice of sides, home-made desserts, and a full drinks offering including cocktails, a selection of wines, coffee, tea and soft drinks.

The premises is presented with soft mood lighting, comfortable seating and background music to create the perfect dining atmosphere. A strong online reputation underpins the business, with a 4.6-star rating and over 500 reviews on Google, a 5.0-star rating on Tripadvisor and a 4.5-star rating on Table Agent.

Location

The business is located in the heart of Stratford, London - a vibrant and busy district of central London. The premises sits on the corner of a busy road intersection on the main parade of retail shops within a leafy and affluent residential area, providing excellent opportunities for passing trade and strong local footfall.

Premises & Tenure

The premises is a ground floor retail unit in an extremely busy residential area, on the main parade of retail shops with main road frontage on the corner of a busy intersection. The restaurant offers seating for 65 covers.

The premises has been fitted to an exceptionally high standard both inside and out. The vendor has made significant improvements to the property since inception and has introduced new catering equipment and furnishings, creating a warm and welcoming environment for customers. No further investment is required from an incoming operator, who can capitalise on the extensive fit-out to date. The premises is available by way of a lease assignment.

Financial Overview

The business demonstrates strong and consistent trading, supported by a loyal repeat customer base. The headline figures expressly provided are:

- Turnover of circa £362,000
- Adjusted net profit of circa £147,000

Full financial information is available upon request.

Growth Potential

The business presents a number of clear opportunities for growth under an incoming operator:

- Introducing a delivery service to meet increasing demand for at-home dining, through directly employed staff or food app delivery partners
- Providing outside catering services for events, parties and corporate lunches beyond the restaurant
- Expanding with additional locations throughout London and the UK, using the business as a solid foundation
- Franchising the brand to would-be restaurateurs with the support of this established business

Reason for Sale

Details regarding the reason for sale are available to interested parties on request.

Next Steps

Asado Steakhouse is a well-established, high-quality Argentinian steakhouse in a prime Stratford location, offered as a fully fitted and operational turnkey opportunity with outstanding reviews and a loyal customer base. Viewing is essential to appreciate the quality of the business on offer. To arrange a viewing or to discuss this opportunity further, please contact Goodwins Business Brokers. Full details are available in the Information Memorandum.