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Popular Italian restaurant

Mansfield, Nottinghamshire
Leasehold Price:
£40,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
237720
Reference
B05000 / Rightbiz
01204556300

Details

Business
Hilton Smythe welcomes to the market BB’s Italian Restaurant in Mansfield. This family run business has been operated by the current vendors for over nine years in which time it has built up an enviable reputation for quality and service within the Mansfield area and beyond. The restaurant serves a range of delicious Italian cuisine with the family putting their own style into the dishes creating a delicious evening menu within relaxed Italian themed surroundings and which, due to family commitments, this truly rare and exciting opportunity has now become available. The business offers an excellent opportunity for a new operator to take an established site and put their own spin on the current concept and food offering, taking this business to the next level. The site has a large serving capacity of over fifty covers and is split level with the bar and lounge area on a lower level to the restaurant, the business model could easily be tweaked by a new operator if they were looking to entertain either a different concept or to build on the current business model by extending the opening hours, introducing a lunchtime serving and opening throughout the day for hot drinks and light bites. The site is in an excellent location within Mansfield and would be ideal for either an established operator looking for an additional site or a partnership or individual looking for their first business being offered with sensible in-going and affordable operating costs. A golden business opportunity within this sector of the market.

Location
Situated at the bottom end of Bridge Street towards the Town Centre in the sought-after market town of Mansfield in Nottinghamshire. The site is easily accessible on foot and by all modes of transport just off the A60 and by all local routes throughout the Mansfield area with the added benefit of pay and display parking just a short stroll away.

Premises
Semi-detached, three-storey property located at the bottom end of Bridge Street in Mansfield. Main entrance through to reception area with access through to the kitchen, comprising of: • 2 x Multi Burner gas ovens with stainless steel surround and stainless extractor. • Double Pizza oven with additional stainless extraction. • Stainless-steel worktops, • Tables and preparation equipment, • Quarry tiled floor and tiled walls with additional stainless wall protection, • Fridges and fridge freezers, • Microwave ovens. There is also a store room. To the first-floor: Bar area with fixed bar and comfy seating. Dining Room: including all tables and chairs with Italian themed pillars. There is additional access and a fire escape down to the ground floor and out onto the street. Ladies and Gents WC’s are located on the second floor.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £12,270 per annum with 5 years remaining on the current lease (new terms to be agreed).

Hours
Opening hours: Monday – Closed Tuesday – Saturday - 5.00pm to 11.00pm Sunday - Closed

Staff
The business is run and managed by the current vendors with the assistance of 3 x part time staff

Financial Profile
We are advised the business is currently turning over in the region of £81,879 per annum with limited trading hours. There are currently no business rates payable.

Seller Details
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Listing Details
Leasehold Price: £40,000
Tenure: Leasehold
Marketed By: Hilton Smythe
Sector: Restaurants
Financials
Annual Turnover: £81,879
Listing Statistics
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