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Well Presented Restaurant, Kirkwall, Orkney (ref. 1179)

Kirkwall, Orkney Islands
Freehold Price:
£300,000
Status
FOR SALE
Advert ID
235416
Reference
1179 / Rightbiz

PRICE REDUCED

Very profitable and well presented Italian restaurant located in the centre of Kirkwall, the largest town and capital of the Orkney Islands. Turnover to 30/11/18 £433,801.  Adjusted net profit circa. £130,000. Caters for approximately 60 covers. High quality fixtures and fittings throughout. Very popular with locals and visitors.  Operated under same ownership for 8 years.

Lucano Italian Restaurant & Pizzeria is situated on Victoria Street, the principal shopping thoroughfare within the town of Kirkwall, the capital and largest town on Orkney.

Our client converted this formal retail unit to a restaurant in 2010 and since then has built up a very loyal local following as well as benefiting from the increased tourism and visitors to Kirkwall and the Orkneys in general.

Currently trading as a traditional licensed Italian restaurant the business also offers breakfasts, coffee & cake and a takeaway menu.

The owner has reluctantly placed the business on the market to return to be closer to family in the central belt of Scotland as he approaches retirement.  Although hands-on, there is also a manageress in place who looks after the business when the owner is not present along with a team of valuable and well trained staff. 

As well as the traditional pasta and pizza dishes, Lucano also offers daily specials making use of locally sourced beef and lamb and obviously taking advantage of the wonderful seafood available from the waters around Orkney.

Listing Details
Freehold Price: £300,000
Tenure: Freehold
Location: Kirkwall, Orkney Islands
Sector: Italian Restaurants, Bistros, Restaurants
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Established Business
  • Attractive Business
  • Open Plan Trading Area
  • Close to Local Amenities
  • Prime Location
  • Accounts Available
  • Town Centre location
  • Adjacent to Multiple Retailers
  • Fully Fitted
  • With Accommodation
  • Price Reduced
  • High Turnover
Contact Agent
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Advert Reference: 1179 / Rightbiz

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