_Business_
_Please quote reference B07681_
Hilton Smythe are pleased to have been given the opportunity to manage the
sale of The Vault which is a well established Bar / restaurant with a renowned
reputation amongst local residents. This is a superb opportunity to take on a
high turnover local business in an area teeming with customers.
The Vault was founded by the current owners when they identified a need for
quality dining in the area and the business has flourished under their
ownership accruing an impressive number of regular customers and a burgeoning
reputation.
The business has now come to the open market due to our clients desire to
pursue a change of direction.
The Vault serves an impressive range of food, freshly prepared on the premises
using local ingredients wherever possible. The comprehensive menu includes:
* Tapas
* Sharing boards
* Meat platters
* Burgers
* Small plates
* Meat balls and dirty fries
* Spicy Chicken
* Calamari
* Vegetarian options
* Appetisers
* Cocktails
The business enjoys great visibility online with lovely reviews.
Key selling points -
* A well established business with many existing customers and increasing month on month
* Current owners happy to offer a handover to ensure the continued success
* Prime trading position benefiting from good footfall and strong tourist trade
* Ideal owner managed or partnership business
* Perfect bolt on to an existing hospitality business looking for a foothold in this area.
Scope for further growth -
* Advertising and Marketing campaign
* Maximise the use of social media
* Extend the opening hours
* Website, ideally with gallery and online ordering facility
* Introduce a delivery service, there is real demand locally
_Location_
The Vault is located on Cheapside in Ambleside, Cumbria.
The business has clear visible signage, receiving high levels of footfall and
passing trade.
_Premises_
The business occupies two floors of a distinctive and eye catching premises
that was previously a bank.
The business is beautifully presented and maintained with a pleasing up market
feel and briefly comprises -
* Bar/Restaurant area
* Kitchen area
All fixtures, fittings and equipment for the business are included in the
sale, with a full breakdown available upon further request.
_Tenure_
We are advised that the business is being sold on a Leasehold basis, currently
on a 10 year lease. The current rent is £55, 000 per annum.
_Hours_
The current trading hours are -
Monday - 4: 00pm - 11: 00pm
Tuesday to Wednesday - Closed
Thursday - 4: 00pm - 11: 00pm
Friday to Sunday - 1: 00pm - 12: 00am
_Staff_
We are advised that the business is staffed.
_Financial Profile_
Further financials can be made available upon request.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: