Prominently Sited & Established Italian Restaurant With 75 Covers | | Undisclosed Norfolk | | NORFOLK PROMINENTLY SITED & EST ITALIAN RESTAURANT WITH 45 COVERS Prominent position in busy trading thoroughfare Established in 1992 - 45 covers with excellent scope A/T: £110,000 GP: 64% Scope to extend hours and intro t/a L/H: £59,950 REF 9606NR | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 48452
ADVERT IMPRESSIONS : 29,344 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £59,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Prominently positioned in busy Norwich trading thoroughfare
Unrestricted evening parking with public car parks close by
A few minutes walk from the historic city centre attracting tourists and businesses
HISTORY
Established by vendor in 1992
Excellent reputation locally for individual and traditional Italian cuisine
Expansion into adjoining building providing additional capacity
Maintained to a high standard throughout period of ownership
REASON FOR SALE
Retirement
PRODUCTS
Full range of Italian starters, main courses and desserts
Specialist in pizzas and pasta dishes
Daily specials board
Extensive Italian wine list
CUSTOMERS
Regular repeat customer base
Office trade
Day trippers and shoppers
Mix of commercial and individual trade
Students
SUPPLIERS
Wholesalers specialising in supply of Italian ingredients
Wine merchants
STAFF
Vendor
2 full time staff members
Bank of casual staff as required
TRADING HOURS
Tues to Sat: 12pm to 2.30pm
and 6pm to 11pm
Sun and Mon: Closed
FINANCIALS
Annual turnover is £110,000
Gross profit margin 64%
High level of net profit
.
PREMISES
A delightful and historic double terraced property full of character
Ground floor lock up restaurant with forty five covers
Two separate restaurant rooms
Separate bar area
Traditional Italian decor
Coffee machine
Refrigerated drinks display unit
Separate wine store
Ladies and Gents WCs
Kitchen with 6 burner gas hob, 2 refrigerators, 1 freezer and separate pizza oven
Side passage
Yard to rear
Two flats (one with one bedroom, the other with two bedrooms) available by separate negotiations
STRENGTHS
Superb location
Established repeat customer base
Accommodation available if required
Limited competition locally with no other individual Italian restaurants close by
Busy trading thoroughfare with good residential and commercial mix with other restaurants and bars
SCOPE
Additional opening on Sundays and Mondays
Opportunity to raise pricing structure
Business development activity very limited at present
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9606NR / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
