Milverton Road, Wellington, Somerset, TA21
Offers in Region of
£150,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Leisure facility for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes and A4 Drinking Establishments
A3, A4
Key features
- Established Business
- Enviable Reputation
- Extremely High Quality Fit Out
- Turnover in excess of £450k PA
- Impressive Net Profits
Description
The Pump House
Turnover circa: £450k
Adjusted Net Profit circa: £110k
THE OPPORTUNITY
Name: The Pump House
Location: Wellington, Somerset, TA21 0AJ
Type: Restaurant & Events Business
The business is a tucked away restaurant and events space, located on the outskirts of Wellington, Somerset. This unique business is a popular alternative to a traditional bar and restaurant, offering a high quality and beautiful alternative locations for weddings/events, for group activities or celebrations and has seen consistent success from group bookings such as stag/hen doo's, birthday parties, corporate events and weddings.
The business operates a restaurant service with opening hours published on their website and social media pages with table booking and private hire booking options available on the website. The business is made available so our vendor can focus on unrelated business ventures.
THE VENUE
The venue offers an immersive experience with indoor seating for 120 covers including the external courtyard. The property has been lovingly restored over the years by the current vendor using upcycled and recycled materials to give an authentic and sustainable vibe to the space. The décor complements the business's branding and is completed to an exacting standard. The venue has been extensively refurbished, requiring no further investment to continue trading.
The comprehensive bar serves cocktails, beer, wines, and draught drinks, and the venue offers both hot and cold food, adding another lucrative revenue stream. The events space includes various furniture and seating layout options for all types of events.
MANAGEMENT AND EMPLOYEES
The business is overseen by the owners with a previous team of staff; however, the venue has now been closed as our vendor has had to return home abroad, therefore this presents a turnkey opportunity for an incoming operator. There is an opportunity to hire a full-time manager for a hands-off operator.
GROWTH OPPORTUNITIES
Increase floor space:
The venue is on the ground floor and forms part of a larger building. If any additional space became available, it would be ideal to expand into the neighbouring units for more restaurant/events space.
Additional venues:
The business has a strong brand and local presence, with excellent social media followings and reviews, making it a good candidate for establishing additional locations in nearby towns and cities.
Facebook: 4,300 followers
Instagram: 1,700 followers
Franchise:
The brand has potential for franchising, expanding nationally based on the established location and proven business model.
Increase operational hours:
Currently, the business operates mainly in the evenings with some daytime opening. There is potential to increase revenue by offering a daytime/lunch service on more days in addition to the private hire functions.
PREMISES
The property is held on a secure leasehold at £1000pcm, with a new lease to be agreed for the incoming operator.
The vendor has significantly improved the property, introducing high-quality equipment and furnishings, creating a we
FINANCIAL INFORMATION
Detailed financial statements will be provided to interested parties.
FURTHER INFORMATION
Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is strictly confidential.
For more information, please contact us.
Turnover circa: £450k
Adjusted Net Profit circa: £110k
THE OPPORTUNITY
Name: The Pump House
Location: Wellington, Somerset, TA21 0AJ
Type: Restaurant & Events Business
The business is a tucked away restaurant and events space, located on the outskirts of Wellington, Somerset. This unique business is a popular alternative to a traditional bar and restaurant, offering a high quality and beautiful alternative locations for weddings/events, for group activities or celebrations and has seen consistent success from group bookings such as stag/hen doo's, birthday parties, corporate events and weddings.
The business operates a restaurant service with opening hours published on their website and social media pages with table booking and private hire booking options available on the website. The business is made available so our vendor can focus on unrelated business ventures.
THE VENUE
The venue offers an immersive experience with indoor seating for 120 covers including the external courtyard. The property has been lovingly restored over the years by the current vendor using upcycled and recycled materials to give an authentic and sustainable vibe to the space. The décor complements the business's branding and is completed to an exacting standard. The venue has been extensively refurbished, requiring no further investment to continue trading.
The comprehensive bar serves cocktails, beer, wines, and draught drinks, and the venue offers both hot and cold food, adding another lucrative revenue stream. The events space includes various furniture and seating layout options for all types of events.
MANAGEMENT AND EMPLOYEES
The business is overseen by the owners with a previous team of staff; however, the venue has now been closed as our vendor has had to return home abroad, therefore this presents a turnkey opportunity for an incoming operator. There is an opportunity to hire a full-time manager for a hands-off operator.
GROWTH OPPORTUNITIES
Increase floor space:
The venue is on the ground floor and forms part of a larger building. If any additional space became available, it would be ideal to expand into the neighbouring units for more restaurant/events space.
Additional venues:
The business has a strong brand and local presence, with excellent social media followings and reviews, making it a good candidate for establishing additional locations in nearby towns and cities.
Facebook: 4,300 followers
Instagram: 1,700 followers
Franchise:
The brand has potential for franchising, expanding nationally based on the established location and proven business model.
Increase operational hours:
Currently, the business operates mainly in the evenings with some daytime opening. There is potential to increase revenue by offering a daytime/lunch service on more days in addition to the private hire functions.
PREMISES
The property is held on a secure leasehold at £1000pcm, with a new lease to be agreed for the incoming operator.
The vendor has significantly improved the property, introducing high-quality equipment and furnishings, creating a we
FINANCIAL INFORMATION
Detailed financial statements will be provided to interested parties.
FURTHER INFORMATION
Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is strictly confidential.
For more information, please contact us.
Energy Performance Certificates
EPCMilverton Road, Wellington, Somerset, TA21
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Taunton Station6.6 miles
Notes
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