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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

8 Bedroom Hotel & Restaurant Located In Nuneaton For Sale

Nuneaton, Warwickshire
Freehold Price:
£375,000
Find more details, or book a viewing:
Status
SOLD / WITHDRAWN
Advert ID
200145
Reference
2128 / Rightbiz

Details

Freehold 8 Bedroom Hotel & Award Winning Italian Restaurant
Licenced Entertainment Venue
5 Star Hygiene Rated
Ref 2128

Location
This outstanding Italian Restaurant & Hotel is located within a prominent and highly visible, main road location close to Nuneaton Town Centre. The business has easy access to the bus station, railway station, M6 and M42 motorways. Close by you have all local amenities required such as shops, petrol stations, cash points and post office.

Business information
Freehold: £375,000
Restaurant turnover: £180,000 pa
Hotel income £1500-2000 per week
Stock: £3,000
Business rates: £8,000 pa

Business Description
Veritas Business Sales are delighted to offer for sale this superb Hotel, Italian Restaurant & Entertainment Venue which is located in Nuneaton, Warwickshire. The business has been established since 1970 when it was transformed by my client from a café to what you see today. Still in their careful hands but now reluctantly being offered for sale so that they can enjoy a well deserved retirement. Since ownership my clients have continually refurbished the property and invested in new equipment, along with fixtures and fittings which are all brought and paid for and included within the sale price which means that any new purchaser will not have to spend any additional funds for some time. La Tavola Calda is owner operated and employs the help of casual staff members who do not have to be transferred over. This Award Winning Italian Restaurant serving an extensive A La Carte menu offering traditional Italian dishes which are all freshly prepared on site using only the finest local produce. Only open Friday & Saturday and all meals are enjoyed with either live music, disco or special stars in their eyes tribute bands or solo singers. The restaurant has an annual turnover of circa £180,000 with a 50% split on wet/dry sales. You can relax and stay over in the 8 en-suite bedroom Hotel above where all rooms are fully equipped with central heating, colour TVs and tea & coffee making facilities. Room income averages between £1500-£2000 per week and is rated 4.5 star on TripAdvisor and Booking.com and the hotel has featured on Channel 4 TV series Four in a bed. We believe that the business would benefit from new fresh blood and keen operators who could fulfil the untapped potential and increase turnover by opening the restaurant more evenings a week, open mornings to serve breakfasts or as a tea rooms & coffee shops. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade and of course is reliant on the business people and relatives visiting their families. This is a superb opportunity to purchase an established business with huge potential which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed. 

Restaurant Opening Hours

Friday & Saturday - 6.00pm – midnight Sunday - Thursday - closed

Ground Floor

Restaurant comprising: seating for (120), stage area with music system, 4 wall mounted TV screens, air conditioning machine, bar area with 8 draught beer pumps, double door drinks fridge, single door drinks fridge, sink, glass washer, ice freezer and espresso coffee machine & grinder (Fracino) Catering kitchen comprising: stainless steel work surfaces and double sink drainer, commercial microwave ( RHE), commercial microwave (Moffat), double deep fat fryer, 3 x 6 burner ranges, grill, extraction unit X 2, pizza oven (Fage), meat slicer and hand wash basin Storage area with shelving for pots & pans and double door fridge Washing up room with 2 x dish washers (Hoonved), 3 x chest freezers, stainless steel work surfaces, shelving and hand wash basin
Staff room with seating area, changing area and double door dessert fridge Ladies 2 x W/C with hand wash basin Gents W/C with hand wash basin Disabled W/C with hand wash basin

First floor

Room 1 Twin with shower en-suite Room 2 Twin with shower en-suite Room 3 Twin with shower en-suite Room 4 Single room with shower en-suite Room 5 Twin with shower en-suite Room 6 Family room with shower en-suite W/C with hand wash basin
Hallway with microwave and washing machine (Miele)

Second floor

Room 7 Twin with shower en-suite Room 8 Family room with shower en-suite Breakfast room with seating for (16), chest freezer, kitchen area to include, 4 ring gas cooker, sink drainer, fitted units, microwave, fridge freezer (Logik), washing machine (Indesit), dryer (LG), toaster and kettle

External

Yard area with potato peeler and dryer (White Knight) Dry store with 4 x chest freezers and storage racking

The property benefits from gas central heating, double glazing and is alarmed

Viewings strictly by appointment only through our offices




Seller Details
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Listing Details
Freehold Price: £375,000
Tenure: Freehold
Sector: Hotels, Restaurants, Bed And Breakfast
Financials
Annual Turnover: £250,000
Annual Net Profit: Available upon request
Key Features
  • Potential for Alternative Use
  • Unique Business
  • Attractive Business
  • Retirement Sale
  • Prime Location
  • Close to Local Amenities
  • Established Business
  • Accounts Available
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