Profitable and Established Restaurant in Temple Bar, boasting over two decades of successful operation. This well-established dining venue offers a prime location with a lease available for the next 15 years, providing stability and growth opportunities. The current owner is retiring, presenting a rare chance to acquire a thriving business known for its strong profitability and loyal customer base.
- Asking Price:
- €1M - €5M Furniture / Fixtures and Inventory / Stock included
- Turnover:
- €1,500,000
- Net Profit:
- €250K - €500K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
15 years
- Location:
-
The Restaurant is situated in the heart of Temple Bar, Dublin's vibrant and historic cultural quarter. Nestled among cobblestone streets, The Restaurant offers a cozy and inviting atmosphere within this lively area known for its eclectic mix of bars, restaurants, and cultural venues. The restaurant is easily accessible, surrounded by iconic landmarks such as the Ha'penny Bridge, Dublin Castle, and the River Liffey. Temple Bar's artistic flair and bustling nightlife make it a popular destination for both locals and tourists, and the restaurant provides a perfect spot to enjoy authentic Mediterranean cuisine amidst this dynamic setting.
- Premises Details:
-
The Restaurant is housed within a charming, historic building that exudes character and old-world charm. The premises retain much of the original architectural features, offering a unique blend of traditional elegance and modern comfort. As you step inside, you're greeted by the warm ambiance of exposed brickwork, wooden beams, and vintage details that reflect the building's storied past.
The restaurant boasts three distinctive private dining rooms, each with its own atmosphere and decor, providing an intimate and personalized dining experience. Together, these rooms can accommodate over 100 guests, making the restaurant an ideal venue for both small gatherings and larger events. The careful preservation of the building's original features, combined with tasteful contemporary touches, creates a memorable setting that enhances the overall dining experience.
Business Operation
- Expansion Potential:
-
The Restaurant has several potential opportunities for expansion that could enhance its appeal and profitability: Extended Opening Hours, Live Entertainment, etc
- Competition / Market:
-
By staying adaptable, focusing on its unique strengths, and continuously enhancing the dining experience, the restaurant can navigate any competitive considerations and maintain its position as a beloved dining destination in Dublin's Temple Bar.
- Reasons for selling:
-
Retirement
- Years established:
- 20
Other Information
- Support & training:
-
For a prospective buyer of the Restaurant, comprehensive support and training can be provided to ensure a smooth and successful transition of ownership. The current owner is committed to facilitating this process and offers the followingOwner's Guidance and Consultancy
Transition Period: The current owner is willing to stay on board for a period of three months to offer hands-on guidance and consultancy. This will help the new owner become familiar with the restaurant’s operations, customer base, and unique aspects of the business.
Business Strategy and Insights: The owner will share valuable insights into the restaurant’s business strategies, including supplier relationships, marketing tactics, financial management, and customer service standards. This knowledge transfer will be crucial in maintaining continuity and maximizing the restaurant’s potential.
