Description Le Bistro is a popular bistro / take away business located in Ilford, on the outskirts of the main town centre. The area surrounding the business is a densely populated commercial and residential area. The business has an excellent roadside trading position with good signage and has a bus stop directly outside.
The business was originally established by our client with the doors being opened in 2015 and provides, what is now a well renowned take away and eat in operation with approx. 24 covers arranged on traditional tables and chairs which provides a flexible seating arrangements.
Since being established, our client has built a loyal customer base and a good reputation for the quality of food and customer service. The unit has been fitted to a high standard and includes good quality fixtures and fittings throughout along with a bespoke glass fronted chiller cabinet and commercial kitchen.
The area in general is busy throughout the day with passing footfall, although the vast majority of the income generated each week comes from regular trade at lunchtimes and late afternoon although we have been advised that Sunday opening would increase weekly takings due to demand in the area.
Sales We have been advised that the average takings are in the region of £3,000 per week with limited trading hours.
Accounts Current records can be inspected when viewing
Trading Hours Monday - Saturday 07:30 to 17:30 Sunday Closed
Staff Owner run along with 2 full time staff and 1 part time
Building External The business occupies the ground floor of a two/three storey property with highly visible signage.
Building Internal The dining area creates a welcoming feel when entering from the street and is open plan in design which also allows access to the commercial kitchen. The main service counter has a bespoke glass display chiller and single till. In total there are approx. 24 covers throughout although we have been advised more covers could be added if need be to cater for private functions.
In our opinion the business has been tastefully decorated throughout by the current owner and now provides a Middle Eastern feel which provides a pleasant seating area for those wishing to eat in.
The commercial kitchen is compact, yet well fitted and benefits from extraction facilities and a number of stainless work tops with under counter refrigeration facilities. The kitchen also benefits from a large walk in freezer and walk in fridge.
Tenure We are advised that the property is held on a 19 year lease which commenced in 2015. The annual rent is £21,000 exclusive (correct as advised on 14.10.19). Rent reviews are at 3 yearly intervals.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary An ideal opportunity for a hands on owner to purchase a destination bistro which benefits from a regular and loyal customer base whilst still offering genuine growth potential. An inspection is highly recommended to fully appreciate the location and overall business opportunity.
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