Stylish Italian Bar Caffe Pasticceria In Holborn For Sale | | Holborn London | | The Business Partnership is delighted to market for sale this stylish, family-run Italian restaurant in Holborn. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65469
ADVERT IMPRESSIONS : 11,299 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Italian Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £185000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The Business Partnership is delighted to market for sale this stylish, family-run Italian restaurant in Holborn.
Prominently situated on a busy main road, the restaurant boasts an exceptional interior, beautifully designed and fitted to the highest standard.
When the current owners took over, they knocked through between two shops, creating a double-fronted, spacious restaurant, coffee shop and pasticceria. It caters for all meal times:
* authentic Italian coffee with hand made pastry in the morning
* pizza, panninis, sandwiches and rolls at lunch
* superb, fresh, Italian cuisine in the evening
From a business perspective, it provides two great opportunities:
1. opening at the weekends (currently closed Sat & Sun)
2. developing a local catering service from the underused, well-equipped kitchen
Key Features:
* Prominent position on a busy Holborn road
* Close to a major hospital, legal offices, many businesses and residential area
* Stylish, no-expense-spared designer interior
* Inviting, airy seating area
* Large kitchen suitable for establishing a catering business
Location and Premises:
Prominently situated in an attractive parade of shops, on a major commuter road and pedestrian route to the nearby underground station and close to the confluence of several bus routes.
The double-fronted property was created by knocking through two shops, creating a interlinked seating area to one side and a bar/sandwich/pasticceria on the other. The large glass doors can be fully opened to provide natural ventilation when the air conditioning is not needed and allow a continental-style open seating area, flowing outside to pavement tables. The entrance leads past a large glass display case with an extensive array of pastries and snacks, baked fresh in-house every day. Behind this and to the side is the architecturally designed, fitted bar and coffee bar, beautifully finished with a Corian top and high gloss front. To the rear is a seating area with a large skylight which bathes the tables in natural light, leading around to the other side of the seated restaurant with modern, stylish Italian chairs. The whole is fitted with mood lighting which can be centrally controlled. In all, there is seating for approximately 55 inside and 16 outside.
Downstairs is a very well equipped kitchen, large capacity cold store, large store room, office and customer WCs.
Total area approximately 1,800 sq.ft. equally split upstairs / downstairs.
Potential:
The restaurant is currently run as a lifestyle business, open only on weekdays. Weekend opening would undoubtedly increase turnover.
The large kitchen and high capacity cooking facilities could be used to provide local catering services to local businesses.
Turnover: £350,000 per annum
Employees: 5
Hours: 7am - 11pm, Mon - Fri
Equipment: All fixtures, fititings and equipment are included in the asking price
Rent & Rates:
It has already been agreed that new 10 year renewable leases for both units, with 5 year reviews, will be synchronised to begin from August 2013. Current rental for both units is £40k.
Rateable value is £34,000 and rates payable approximately 12.5k
Reason for sale:
The family members are individually looking to new opportunities | | | | | | FOR SALE | | | | | REFERENCE: | LC1132 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
