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the UK marketplace for company sales

Operator of four popular restaurants

Reference
S9128
Turnover
£2m to £5m
Sector(s)
Food & drink
Region(s)
North West England
Added
05 August 2022

Business description

The company operates four smart-casual dining restaurants that offer a range of cuisines, from Tex and Modern Mex to Mediterranean fusion and British classics.

All four restaurants enjoy a high percentage of repeat and reservation custom and three of the sites are ideally situated to benefit from walk-in custom. They each have a diverse customer base, which includes multi-generational families, young singletons, celebration groups and casual diners.

One site has the capacity to host events and functions, further broadening its target audience to include corporate organisations and other groups.

The company is being offered for sale to facilitate the shareholders’ retirement plans.

Offers invited.

Highlights

  • Rated Very Good by the Food Standards Agency, and has received many impressive reviews. 
  • Receives a high volume of repeat and reservation business as well as walk-in custom. 
  • Experienced management teams in place at each restaurant, which are able to carry out day-to-day operations with minimal input from the Shareholders.
  • Operates from three leasehold premises and one freehold site. The freehold may be included in the sale. 
  • Excellent potential for growth, with opportunities which could include the development of its menus, the opening of new restaurants and increased marketing activity. 
  • The industry is expected to be worth £17.8bn by YE22, showing significant growth from the previous year.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2018 (Actual) 5,019 535
2019 (Actual) 5,164 430
2020 (Actual) 2,171 83
2021 (Actual) 3,836 904
  • Turnover of circa £3.8m, with an adjusted EBITDA of circa £900k.
  • Six-month management turnover of £2.3m for YE22, with an adjusted EBITDA of £327k. 
  • Pre-Covid turnover of £5.1m, with an adjusted EBITDA of £430k. 
  • Gross profit margin of circa 76% 
  • Showing steady recovery post-Covid, with expectations that YE22 will remain strong. 
  • Shareholder funds in excess of £1m.

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