Thriving Italian Restaurant In Bedfordshire | | Undisclosed Bedfordshire | | Italian restaurant Bedfordshire T/O: £520,000 GP: 65% Huge scope Well-equipped Prime location Loyal customer base 120 cover restaurant 2 x 2-bedroom flats | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68508
ADVERT IMPRESSIONS : 14,638 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Italian Restaurants | | SALE: | Agent Sale | FREEHOLD: | £1,150,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
This Restaurant occupies substantial 2-storey premises, ideally located in the heart of a market town in Bedfordshire. The premises boast a prominent trading position in a sought after area of the town centre and are surrounded by a wealth of complementary shops and businesses. The business benefits from a high footfall and much passing trade and is close to the towns amenities. There are excellent public transport links with numerous bus stops and two railway stations within easy walking distance. The business boasts easy access to the A-road network and the motorway is 10 miles away. The town is a highly desirable place in which to live and work and is also popular with commuters.
Business History
Preferred Commercial is delighted to offer for sale this thriving Italian restaurant, which was established by our client in 1982 and which is only now offered to the market due to our client's wish to retire. The business trades 6 days a week and generates a turnover in the region of £520,000 per annum with a gross profit of 65%. The restaurant offers a wide range of traditional Italian food to eat in or takeaway and a good selection of drinks. The business has a loyal customer base and enjoys much repeat trade and word of mouth recommendations. The restaurant is renowned for its homemade salad dressing and friendly service. There is a comprehensive website in place advertising the business and services provided. The premises are well-equipped to suit the trade and boast a large restaurant area with tables and chairs for up to 120 covers. There are also 2 self-contained 2-bedroom flats to the first floor, which are currently let out to generate additional income. We feel the turnover could be further increased by extending the opening hours of the restaurant and perhaps offering a delivery service. This is an ideal opportunity to acquire an already busy restaurant with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £520,000 approx.
GP: 65%
Opening Hours
Lunch
Tues - Sat: 12:00pm to 2:00pm
Evening
Mon - Sat: 6:00pm to 11:00pm
Accommodation Details
Substantial 2-storey restaurant premises with 2 self-contained 2-bedroom flats. Briefly comprising:
Ground Floor
Restaurant area with tables and chairs for up to 120 covers, bar with 3 door chiller, optics display, glass washer and ice machine
Commercial kitchen with 3 x 6-burner ovens, preparation chiller, 4 x under counter refrigerators, refrigerator, small pizza oven, open flame gas pizza oven, 2 x microwave ovens, combi oven, preparation table, plate warmer, salad chiller, fryer and wall mounted sanitiser
Wash up area with commercial sink, dishwasher and worktops
Rear store room with double door refrigerator, 2 x single door refrigerator, upright freezer, large chest freezer and dough mixer
Rear dry store with a range of shelving
First Floor
2 x self-contained 2-bedroom flats with lounge, bathroom and kitchen
External
Rear parking area
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2754 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
