Business
Please quote reference B07681
CoGoGo 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.
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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 on a tier system, £3,500 for 2024, £4,500 per month for the remaining years.
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
This business generated a turnover of £208,000. Further financials can be made available upon request.
