Barretts Cafe Bistro, in the North Yorkshire town of Richmond, has been sold through Christie & Co to first time buyers with experience in the hospitality sector, off an asking price of £120k for the leasehold.
Having been trading for the last two years, Barretts has established itself as a popular restaurant in the centre of Richmond, catering for up to 56 covers, and providing a private dining space on the first floor for small functions.
The restaurant includes a fully equipped catering kitchen which was designed by the previous owners, who have set up many professional kitchens during their career. Sitting on Rosemary Lane, close to the main market square, Barretts is in a busy and accessible area, ideally placed for the high footfall passing through.
The restaurant has been purchased by Kerry Robson and her partner Dan Johnson, first time buyers with a wealth of experience in the hospitality and catering industry, who plans to build on the well established and profitable business. Robson said, “I am absolutely thrilled to have purchased my own business.
'The sale of Barretts went through a few weeks ago now and we’ve been really busy since taking over. We’re excited to see what the future holds for us here and look forward to welcoming all customers, old and new!”
Previous owners, Adrian and Gill Barrett decided to sell the business having been in the industry a long time and felt it was time for a change. They commented, “We’re delighted to have sold the business to Kerry & Dan, as we think they’re absolutely perfect for the place. They’re young and enthusiastic with bags of experience and we’re sure they’ll be very successful.'
David Cash, Senior Business Agent at Christie & Co who handled the sale, said, “Businesses such as Barretts are proving very popular with first time purchasers, whether those very experienced in the sector, such as Kerry & Dan, taking the first step run their own business, or first time entrants industry looking for a change of career or lifestyle.
“Location is key to the success of this type of business, and Richmond is a bustling market town with a healthy local and tourist trade. Barretts has traded exceptionally well since it opened a few years ago, which I’m sure will continue to do so with Kerry at the helm!”
