| AC108-Unique Bar and Bistro |
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United Kingdom
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INDUSTRY
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BUSINESS SUMMARY
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Unique Bar and Bistro in a prime waterfront location
Confidentially offered for sale
Ref. No: AC108
Location: Hampshire
Asking price £180,000
Established over eight years ago, and under the stewardship of the current management since January 2007, this unique Bar and Bistro serves a wide range of delicious food, wine and drinks specialising in fairly traditional English and Continental fayre, with a particular emphasis on fish dishes – not surprising considering its prime waterfront location. Open from 8.00 am in the morning for breakfast, lunch and throughout the evening for dinner, this outlet has become a firm favourite not only amongst the users of the marina on which it is located but also by the large volumes of office staff, party goers and local residents working and living close to this establishment.
Run almost as a ‘Yacht Club’, this establishment is ideally located in the centre of the marina, but perhaps more importantly in a position where customers can enjoy the stunning views of probably the largest and most recent re-development project on the South Coast of England. With an informal membership, made up primarily, but not entirely of marina users, who frequently use the shower and bathroom facilities available to them, access is readily available to anyone. During the summer months the customer profile is split 70:30 in favour of non marina users
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BUSINESS FINANCIALS
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GENERAL COMPANY INFORMATION |
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Organization Structure: |
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Headquarters/Main Location: |
Home Based
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Time on lease/mortgage: |
N/A
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Is Business Relocatable? |
No |
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MARKET OUTLOOK/COMPETITION
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| Due to its unique nature, prime location and central marina position generating high levels of awareness, the business has invested in little or no marketing or advertising in the past concentrating on Marina magazines and flyers to local businesses and visitors to the waterfront opposite. The business has offered free memberships to Corporates in the area and promoted the outlet as a excellent place for events, office parties etc.
The business has a website which is currently under development.
A high proportion of the business’s revenue, however, is due to its high quality food resulting in high levels of repeat business and strong word of mouth recommendation, bearing testimony to the excellent reputation it enjoys throughout the area |
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DETAILS ABOUT THE SALE
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Support & Training
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The Owner will be happy to assist with full handover and training for a short period of time if appropriate, to ensure a smooth transfer of the business, however with a Management Team already in place it is not envisaged that this will need to be extensive. |
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Reason for Selling
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The current Owners wish to pursue other business interests. |
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Is Management Willing to Stay?
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No
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Are You An Intermediary?
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No
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Web Site Design
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