Highly Popular & Profitable Tapas Restaurant in Snowdonia, Wales
£85,000
£234,000
TBC
Overview
Leasehold
2018
- Excellent Reputation
- Very Loyal Customer Base
- Huge Growth Potential
- Low Overheads
- Equipment Included
This is a fantastic opportunity to purchase a family-run restaurant in Snowdonia National Park, Wales, offering delicious, traditional Spanish cuisine comprising mouthwatering tapas dishes.
First established as a live music venue, the restaurant began serving food in 2014, then began trading under the current owners in 2018 – the venue had a full refurbishment and has gained an excellent reputation throughout the years alongside a strong client base. They have won multiple food awards for the Best Mediterranean Establishment in Wales and boast stellar reviews on TripAdvisor, alongside 5* hygiene ratings.
During peak season, the restaurant is taking around £8000 per week, with low overheads and great profit margins. They have a great Christmas deal which is suitable for corporate parties and family dinners that see some of the highest revenue intakes within the restaurant.
The restaurant caters to dine-in and takeaway options, with outside catering available for weddings, parties and other private events (usually serving large portions of paella) and would be a highly profitable opportunity for an individual within the food and catering industry.
In 2024 the business will reintroduce the Sunday Carvery which was a huge impact previously
The restaurant is located within one of the busiest parts of Wales, Snowdonia, in the town of Dolgellau. Their premises is on a leasehold basis for 5-year periods, at £1700 per month. They have strong supplier relationships that always ensure freshness and great quality of produce which is reflected through their brilliant consistency within all dishes served.
In 2018, they made a large investment in a terrace at the back of the restaurant including a large charcoal BBQ – this gives the venue extra sitting time during busy periods and Is also great for private hire for around 30-35 people.
It is owner-managed including the menu designs, orders, decision-making and more. They also have 4 staff members on the books, comprising both part-time and full-time workers. The business also boasts a strong social media presence with nearly 3K followers on Facebook and 300 reviews praising customer service and the amazing Spanish food.
The business is currently only open 5 days per week to suit the current owner’s lifestyle, however, it was open on Sundays before and became a highly popular carvery – this could be further explored or re-introduced by a new owner. Opening 7 days per week could increase turnover for the business.
Additionally, opening the restaurant on Christmas Day and New Year's Eve could be profitable – offering set menus for each day.
The current kitchen could be made into a larger place as there is available room to the back of it – this may need building permission but is viable.
Features
Key Information
- Number of Covers: 100
- Hygiene Rating: 5
Reputation
- Google: 4.6
- TripAdvisor: Excellent
Online Presence
- Facebook: Yes
Location
- City Centre Location
- High Street Location
- Close to Local Businesses
- Limited Competition