Business for Sale Overview:
Formerly a wine bar, but operating in its current format for just over a year, this is a rare find within the restaurant sector – a Caribbean restaurant rooted in fine dining. Masterfully blending Caribbean, European and Asian cuisine, this business has taken the undoubted demand there is for Caribbean food within its catchment area and elevated it to culinary heights rarely found outside the West Indies.
Situated just off the main road of one of South London’s most up and coming areas, this is a very well designed concept with all elements carefully combined to recreate an authentic Caribbean fine dining experience – from the typically warm and very friendly welcome from staff right through to the ‘beach-shack’ style restaurant design, marrying very attractive light oak flooring, leather backed chairs and tables adorned with crisp, cotton napkins with bamboo which dominates both the walls and ceiling. Beautifully painted, tasteful murals of Caribbean sunsets together with very atmospheric, low lighting and soft reggae background music all go towards giving the place some real authenticity.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The restaurant, with 47 covers in all has a long bar area to the right hand side and was furbished to a very high standard and in keeping with the Caribbean fine dining concept before opening. The well equipped kitchen situated behind the bar includes a six position gas hob and extractor, a large griddle, two commercial microwaves and a number of stand alone/chest fridges and freezers.
The premises are rented with approximately 6 and a half years remaining on the lease. Rent is approximately £10,000 per annum. Rates are approximately £4,700 per annum.
Market Competition and Expansion:
As would be expected of a newly launched restaurant, this business has invested heavily in marketing and advertising to date.
To launch the concept, the business utilized the services of a PR Agency for the first few months of operation. The business is continuing to build awareness of the restaurant through local press and relevant ethnic oriented media. It has also received very favorable reviews in several London centric publications and eating out/leisure based websites, has paid-for display advertising in a local gym and fitness center and carries out frequent door drops in its immediate vicinity particularly in relation to its recently launched home delivery service.
Reason for Selling:
The Owner of the business is planning to relocate
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.