Award-winning restaurant near Bideford on the market
Specialist business property adviser Christie & Co has been instructed to market Memories restaurant in Northam, near Bideford.
Business. Built around You.
Memories is a popular restaurant known for its high-quality, intimate and friendly dining experience. Regularly fully booked several months in advance, the restaurant currently serves 12 guests per sitting and prides itself on allowing guests to enjoy food, drink and company all evening with no time pressure.
The restaurant is located around a mile from Westward Ho! beach and The Royal Devon Golf Club, the oldest golf course in England and Wales, offering destination dining for tourists as well as the local community.
The business has been owned by Brett and Naomi Stevens for nearly 26 years. Having decided the time is right to retire, they have put the restaurant on the market to find a new owner to take the restaurant forward.
Brett and Naomi commented, “It is with a heavy heart that we have decided to sell our successful business. For the past 25 years, we have achieved the perfect work-life balance, but the time has come for us to retire.
“We purchased the business in 2000, initially operating five nights a week, and our capacity was approximately 18 covers. Over time, we gradually reduced these hours and cover capacity to better accommodate our lifestyle and family commitments. Despite this reduction, we have maintained a high level of business, but there is still significant growth potential.
“We hope to find new owners who have the energy and passion to realise the business’ potential, continue its growth, and enjoy a fulfilling lifestyle in North Devon.”
Ryan Bassett, Business Agent at Christie & Co, is managing the sale process and commented, “I am really excited to be bringing Memories restaurant to the market. I believe it has the potential to attract a wide range of operators, from individuals seeking a unique, desirable lifestyle business to experienced operators who want to expand and diversify the restaurant’s offer. There is also strong potential to evolve the concept, perhaps transforming it into a café or a restaurant with a takeaway element. We encourage interested parties to get in touch for more information.”
The restaurant is on the market with an asking price of £340,000. To find out more, visit the property page: https://www.christie.com/3460479/
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