Three freehold bar/restaurants in the south of England are being marketed for sale by Christie + Co on behalf of The Restaurant Group.Situated in the affluent areas of Shepperton, Guildford and Fareham, the three businesses benefit from their characterful presence and enjoy high turnover.
The Bar & Grill is situated in the village Old Shepperton, Middlesex. A detached two-storey building, it has a reception bar for 14 people, a conservatory-feel dining area for 65 and an enclosed courtyard garden for a further 16. An additional feature of the property is an office and three staff bedrooms. With a forecast turnover for 2011 of around £650,000, the freehold is available for offers around a guide price of £1.1 million.
Hollyhocks in the pleasant residential village of Bramley near Guildford is believed to date back to the 18th century and has a three-section restaurant, catering for 58 with a further restaurant area on the first floor for 28. The bar/restaurant retains many of its original features and artefacts. The business is forecast to turnover £380,000 this year. Offers are being sought around a guide price of £750,000.
The busy market town of Fareham, convenient for both Portsmouth and Southampton is home to the distinctive Georgian building of Brasserie 68. As well as two dining areas and a bar seating 87 in total, the business has additional function and meeting rooms and an unused 2nd floor, three-bedroom flat. With turnover of £555,000 forecast in 2011, offers for the freehold are being sought around a guide price of £975,000.
Simon Chaplin, Director of Christie + Co, says: “These three bar/restaurants offer an exciting opportunity for either group or individual purchase. Quality, profitable businesses like these, in excellent and affluent locations, are rarely presented for sale. We expect they will generate considerable interest.”