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UNDER OFFER

Cockermouth, Cumbria, CA13

£679,950

Business rates & charges may apply

Hilton Smythe, Bolton
SECTOR
Restaurant for sale

Key features

  • Ref:B05939
  • Freehold

Property description

Business
Please quote reference B05939

Hilton Smythe welcomes to the market an exciting opportunity to acquire, on a freehold basis, an exceptionally well run and performing, 50 cover Chinese restaurant and takeaway.

Bamboo Restaurant has been under the careful ownership of our client for over 10 years, growing the business to an impressive level with consistent turnover & with an excellent local reputation & benefiting from an alcohol licence & a 5 star hygiene rating.

The business has been placed on the open market as it’s our clients desire to leave the industry due to other business interests.

The business is run as a contemporary Chinese style restaurant. This is an upmarket restaurant that offers a range of delicious dishes.

The restaurant further benefits from having an alcohol licence in place and serves a selection of beers, wines & spirits for diners.

There is further scope to increase turnover by undertaking in a robust localised marketing campaign via local press & social media, while updating the dedicated website that is in place.

Revised opening hours could also be considered so they could potentially catch some lunchtime trade due to the busy location of the business.

Our client would be willing to offer a handover period to the purchaser, this will help the transaction run smoothly. This restaurant has very little competition around and would be a great opportunity for any purchaser with experience in the trade.

The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.

Very rarely do businesses of this calibre come to the open market therefore, early viewings is highly recommended to avoid disappointment.

 



Location
The business is situated on a busy Market Place within the historic market town of Cockermouth just on the edge of the Lake District National Park.

The town itself is some 30 miles west of Carlisle, 10 miles west of Keswick & 35 miles from the main M6 motorways Junction 40.

The town is a popular tourist destination with the local area being well serviced in terms of local amenities.



Premises
The property comprises of a ground floor restaurant with 50 covers & a fully equipped commercial kitchen.

It’s situated within a grade II listed mid terraced building, with a stunning self-contained 4 bedroomed maisonette / apartment across the upper floors.

It also benefits from its own terraced gardens with attractive high level sun terrace.

A full equipment list is available on request.



Tenure
We are advised that tenure is offered on a freehold basis.



Hours
Monday – Closed

Tuesday – Sunday 17:00- 20:30 (COVID- 19 restricted hours)



Staff
The business is currently run by our client and has 5 members of staff.



Financial Profile
As of the 2020 accounts, the business generated a turnover of £332,488, with a gross profit of £238,102 and an adjusted net profit of approx £107,000. 

Please quote reference B05939



Cockermouth, Cumbria, CA13

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Maryport Station6.3 miles

About Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

At Hilton Smythe, we sell businesses. For those looking to buy or sell in the UK, we act as a bridge between buyer and seller. We pride ourselves on making the business sales experience more transparent, fair and enjoyable for buyers and sellers alike.

We market businesses using multiple market leading platforms and channels all with the aim of achieving the best price and outcome for our clients.

We’re a young, fresh and driven group of people with the knowledge and experience ne

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Notes

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Disclaimer - Property reference B05939. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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