Monmouthshire bar & restaurant sold to new entrants through Christie & Co
Specialist business property adviser, Christie & Co has completed on the freehold sale of Bistro 8 located in Blackwood within the County of Monmouthshire in South Wales.
Blackwood is a town on the Sirhowy River in the South Wales Valleys within the Caerphilly County Borough. The town houses a growing number of light industrial and high-tech firms. Bistro 8 is a traditional bar on the ground floor of the property offering a number of bar snacks with the first floor providing more formal dining, serving original pub classic meals, bistro style food and fresh tapas every weekday.
Our client, Richard Hamer, is looking to semi-retire and focus on other business interests. It has been a family run business and some members of Richard’s family will be staying on with the new owners. Richard commented “We want to express our sincere appreciation to our customers and guests for their loyalty and custom over the past 5 years. We would also like to thank our amazing staff; we’ve had a great time working with you all.”
The new owners of Bistro 8 are Ryan Levrington and his partner Emma Payne; who are local and new to the sector. They plan on being hands on operators moving forward and commented, “We hope to expand on what Bistro 8 does best, providing exceptional food and service, and taking it to another level! We are excited to see what the future holds for the business.”
Corrina Jones, Senior Business Agent at Christie & Co, is handling the sale and commented, “The restaurant sector has taken some negative press over recent years with some restaurant chains becoming a victim of their own success. Several large, well known chains such as Jamie Oliver’s and Prezzo have been forced to close or contract their portfolios due to cost pressures and falling profits. However, although we have seen some casualties, we are seeing well operated independent restaurants faring well within the current climate. Bistro 8 is a prime example of this, my client has grown the business from a cold start and has built up an enviable local reputation by providing great, high quality food alongside fabulous service, in a property which is well maintained and offers an atmospheric, memorable experience."
"The business has gone from strength to strength and although my client has made the decision to step away from Bistro 8 to focus on other interests, we are sure that the business will continue to thrive under the new ownership of Ryan & Emma. We wish both parties all the best with their future endeavours.”