Steakhouse Restaurant in London

Asado Steakhouse

Turnover circa: £595k

Adjusted Net Profit circa: £300k

THE OPPORTUNITY

Name: Asado Steakhouse

Location: 166 High Road, London, E15 1UA

Type: Restaurant

BUSINESS DESCRIPTION

Asado Steakhouse is a successful Argentinian steak house restaurant located in the heart of Stratford, London which is a vibrant and busy district of central London. This business has an exceptional reputation for its high-quality fine dining of Argentinian food an extensive menu offering the best beef in the world. The establishment is a firm favourite amongst both locals and visitors to the area with the benefit of being in a modern fully refurbished and completed to an exacting standard leasehold premises on a busy main high street within the leafy and affluent residential area of Stratford.

SERIVCE OFFERINGS

The business offers customers a unique dining experience with excellent service, good value, cleanliness and unrivalled high-quality food prepared on premises. The menu contains a variety of steak dishes, complimented with chicken, fish and lamb dishes available. The business caters for all customer requirements taking into consideration food allergies and intolerance.

The cuisine is characterised by the sharing of flavourful meats and dishes with a chance to sample new meats with a tasting platter.

The premises is presented with soft mood lighting, comfortable seating and background music to create the perfect dining experience.

Starters: Chicken, Lamb, Shrimp and Empanadas all prepared freshly in a traditional Argentine style.
Beef: Well-known for their unrivalled quality steaks and special cuts to include rump, sirloin, chateaubriand and more.
Mains: A diverse range of burgers, fish, chicken, lamb and mince compliment the steak offering.
Choice of Sides: Chips, sweet potatoes, mac n cheese, salads and more.
Hot & Cold Drinks: A full liquor license ensures a range of alcoholic drinks and cocktails are available, complimented by coffee, tea and soft drinks. Great selection of wines from selected regions.
Desserts: A range of home-made and freshly produced desserts.

MARKET ANALYSIS

The steakhouse market in London is vibrant and diverse, offering a wide array of dining experiences from luxury establishments to casual dining spots. The market is highly competitive, with numerous restaurants striving to deliver high-quality beef, exceptional service, and unique dining atmospheres.

While facing challenges such as operational costs and evolving consumer preferences, the market also presents opportunities for growth through sustainability and culinary innovation. Establishments that can effectively balance these factors are likely to thrive in London’s dynamic culinary landscape, such is the case for Asado Steakhouse.

KEY ACHIEVEMENTS

Reviews:
4.6-star rating on ‘Google Reviews’ with over 500 reviews.

5.0-star rating on ‘Tripadvisor’

4.5-star rating on ‘Table Agent’

Loyal Customers: Regular, repeat customer base provides ongoing consistent revenue.
Food Hygiene: 5-star rating with the food standards agency.

FINANCIAL OVERVIEW

Detailed financial statements will be provided to interested parties.

EXPANSION OPPORTUNITIES

Delivery: Implementing a delivery service to cater to the increasing demand for at-home dining through directly employed staff or food app delivery partners.
Outside Catering: Catering services for events, parties, and corporate lunches outside of the restaurant.
Additional Locations: The business is an excellent solid foundation to expand upon for an incoming operator, with opportunities to expand into additional locations throughout London and the UK.
Franchise: The business holds exceptional brand presence and presents an excellent opportunity to franchise the business to would be restaurateurs with the support of this established business.

PREMISES

The premises have been fitted with an exceptionally high standard both inside and out with main road frontage, on the corner of a busy road intersection providing perfect opportunities for passing trade.

The restaurant has a seating capacity for 65 sittings.

The premises is a ground floor retail unit in an extremely busy residential area on the main parade of retail shops. The premises is available by way of a lease assignment at £22,000 per annum.

The vendor has made significant improvements to the property since inception and introduced new catering equipment and furnishings which offer a warm and welcoming environment for customers and requires no further investment from an incoming operator who can capitalise on the extensive fit out to date.

Viewing is essential to appreciate the quality of the business on offer.

FURTHER INFORMATION

Further information is available by speaking with us and viewings are strictly by appointment only. For more information, please contact us.