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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Beautifully Presented Italian Restaurant

Weymouth, Dorset
Leasehold Price:
£395,000
Find more details, or book a viewing:
Status
SOLD / WITHDRAWN
Advert ID
216917
Reference
B04125 / Rightbiz

Details

BUSINESS

The business was originally established by our client in 2015. The owners are now looking to sell the business due to moving out of the area.

Al Molo offers a menu of authentic Italian cuisine, bringing locally sourced seasonal produce together with the finest Italian ingredients. The restaurant is fully licensed and stocks an array of fine wines, spirits and beers. The business is host to successful monthly wine and food events.

The restaurant is beautifully presented with quality furnishings and offers 120 covers. A further 2 dining areas available for private hire for birthdays, networking events, wedding receptions, hen parties, baby showers and other functions.

Al Molo has an informative website, this is easy to use and features and can be found at http://www.almolo.co.uk. The restaurant also has a Facebook page with just under 2700 followers and likes and excellent reviews. The page is regularly updated with photos, events and Al Molo news.

This is a fantastic opportunity for a purchaser looking for a well-established and highly respected restaurant in a busy tourist location.

Hilton Smythe highly advise early viewing to take in the full potential of the trade.

We are advised the business is being sold as a Leasehold.

Original lease length: 21years.
Remaining lease length: 18 years as of 2017.
Rent: £25,000 per annum.

Hilton Smythe are advised the current business rates are £10,000.

LOCATION

Hilton Smythe welcomes to the market Al Molo. A popular restaurant located in Weymouth,

Weymouth is a seaside town in Dorset. According to the 2011 census, the town had a residential population of 52,323, making it the third largest settlement in Dorset. Weymouth is a tourist resort with many visitor attractions and is situated halfway along the Jurassic Coast, a World Heritage Site on the Dorset and east Devon coast.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. Weymouth railway station is less than a mile away. The area is also well-served by the A-roads, with the A354 being within easy driving distance, which links to the national A-road and motorway networks

PREMISES

This business really needs to be viewed to appreciate what a lovely restaurant it is. Beautifully presented and fabulously maintained.

The restaurant is open plan, providing120 covers, with co-ordinating furniture. The room has tiled flooring and neutral walls. Our client has retained most of the original features.

There are two private function rooms.

A Barista coffee machine, bean grinder, card machine, telephone and till are all included in the sale.

Toilet facilities.

Kitchen
The kitchen is through to the rear of the property. This is fully equipped, perfect for the trade.

Equipment
•2 x 6 ring burner and oven
•Large chargrill
•2 plate warmers
•2 large counter fridges
•2 small counter fridges
•Convection oven
•Walk in chiller
•Double Fryer
•3 chest freezers
•Tall freezer
•Dishwasher
•Pasta maker

TENURE

We are advised the business is being sold as a Leasehold.

Original lease length: 21years.
Remaining lease length: 18 years as of 2017.
Rent: £25,000 per annum.

Hilton Smythe are advised the current business rates are £10,000.

HOURS

The business currently opens 7 days a week.

12noon – 2.30pm and 6.00pm to 9.30 pm.

STAFF

The business is run and managed by our client, with the help 3 Chefs and 12 Floor staff.

FINANCIAL PROFILE

Al Molo generated an advised turnover of circa £600,000 as of the 2016 accounts.

BUSINESS

The business was originally established by our client in 2015. The owners are now looking to sell the business due to moving out of the area.

Al Molo offers a menu of authentic Italian cuisine, bringing locally sourced seasonal produce together with the finest Italian ingredients. The restaurant is fully licensed and stocks an array of fine wines, spirits and beers. The business is host to successful monthly wine and food events.

The restaurant is beautifully presented with quality furnishings and offers 120 covers. A further 2 dining areas available for private hire for birthdays, networking events, wedding receptions, hen parties, baby showers and other functions.

Al Molo has an informative website, this is easy to use and features and can be found at http://www.almolo.co.uk. The restaurant also has a Facebook page with just under 2700 followers and likes and excellent reviews. The page is regularly updated with photos, events and Al Molo news.

This is a fantastic opportunity for a purchaser looking for a well-established and highly respected restaurant in a busy tourist location.

Hilton Smythe highly advise early viewing to take in the full potential of the trade.

We are advised the business is being sold as a Leasehold.

Original lease length: 21years.
Remaining lease length: 18 years as of 2017.
Rent: £25,000 per annum.

Hilton Smythe are advised the current business rates are £10,000.

LOCATION

Hilton Smythe welcomes to the market Al Molo. A popular restaurant located in Weymouth,

Weymouth is a seaside town in Dorset. According to the 2011 census, the town had a residential population of 52,323, making it the third largest settlement in Dorset. Weymouth is a tourist resort with many visitor attractions and is situated halfway along the Jurassic Coast, a World Heritage Site on the Dorset and east Devon coast.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. Weymouth railway station is less than a mile away. The area is also well-served by the A-roads, with the A354 being within easy driving distance, which links to the national A-road and motorway networks

PREMISES

This business really needs to be viewed to appreciate what a lovely restaurant it is. Beautifully presented and fabulously maintained.

The restaurant is open plan, providing120 covers, with co-ordinating furniture. The room has tiled flooring and neutral walls. Our client has retained most of the original features.

There are two private function rooms.

A Barista coffee machine, bean grinder, card machine, telephone and till are all included in the sale.

Toilet facilites.

Kitchen
The kitchen is through to the rear of the property. This is fully equipped, perfect for the trade.

Equipment
•2 x 6 ring burner and oven
•Large chargrill
•2 plate warmers
•2 large counter fridges
•2 small counter fridges
•Convection oven
•Walk in chiller
•Double Fryer
•3 chest freezers
•Tall freezer
•Dishwasher
•Pasta maker

TENURE

We are advised the business is being sold as a Leasehold.

Original lease length: 21years.
Remaining lease length: 18 years as of 2017.
Rent: £25,000 per annum.

Hilton Smythe are advised the current business rates are £10,000.

HOURS

The business currently opens 7 days a week.

12noon – 2.30pm and 6.00pm to 9.30 pm.

STAFF

The business is run and managed by our clients, with the help 3 Chefs and 12 floor staff.

FINANCIAL PROFILE

Al Molo generated an advised turnover of circa £600,000 as of the 2016 accounts.



£395,000 +SAV
Seller Details
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Listing Details
Leasehold Price: £395,000
Tenure: Leasehold
Sector: Restaurants, Bistros
Financials
Annual Turnover: £600,000
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