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Reputable Italian Restaurant in Rugeley

Rugeley, Staffordshire
Freehold Price:
£824,995
Leasehold Price:
£149,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
241775
Reference
3950 / Rightbiz

Details

    Established Since 1997

    **Accounts Year End 31.12.2017**

    Annual Turnover £303,193 (Audited 31.12.2017)

    Gross Profit £95,027 (Audited 31.12.2017)

    Inc. 3 Bedroom Accommodation

    Seating for 114 Customers

    Fully Licensed Bar Free of Tie

    Closed Sundays and Mondays

    No Immediate Competition

    EPC - C

Description:
Blacks Business Brokers is delighted to offer for sale this exceptionally well-presented restaurant, which has been in the careful ownership of our client for many years.The business, which is run and managed by our client with the assistance of staff, achieves a very respectable annual turnover exceeding £266,004, which is achieved over a 48 week trading period and from evening trade only, as the restaurant is closed at lunchtimes and only opens Tuesday to Saturday.This offers a new owner immense potential to increase the turnover by extending the opening hours and trading all year round. The business is only now being placed onto the market due our client’s desire for a well-earned lifestyle change. The restaurant has always seen excellent levels of repeat custom, and new customers appear regularly, due to good word of mouth referrals and the high visibility location.This is an exceptionally well-presented restaurant, which could cater for almost any type of cuisine. The property benefits from having very well-presented and sizable living accommodation, which is an added bonus for a new owner. We feel that this opportunity offers a new owner an excellent base to build upon and we urge early viewing of this charming restaurant.The restaurant has an excellent reputation gaining a 4.5 star Trip Advisor rating from 213 reviews, received a certificate of excellence, listed as the number 1 Italian Restaurant in Staffordshire and has a 5 Star Food Safety Inspection rating. Furthermore there is no other Italian Restaurants within a 7 mile radius.The restaurant caters for 84 covers internally in its standard format and can accommodate up to 94 for special occasions. There is also a delightful terrace at the front of the building which accommodates 20 covers during fine weather conditions. There is also plenty of potential to increase the sales potential by transforming the private garden at the rear into a beer garden and if desired the domestic accommodation on the first floor could be converted into an upstairs bar, private function facility or additional restaurant space.This very well presented and very versatile restaurant is located in a beautiful historic town in Staffordshire. The property is a short distance away from the town centre and has excellent visibility from the busy road network. The town is a hugely popular business and residential location, due to its beautiful neighbouring countryside, fine housing, good schools and hospitals, excellent central shopping facilities and historic attractions. The town also benefits from being very accessible via the M6 motorway, which is situated less than 7 miles away making visiting and commuting very easy.

Accomodation:
Large open plan restaurant
Fully fitted commercial kitchen
Fully licensed bar (free of tie)
Preparation areas
Storage areas
Laundry areas
Disabled WC
Female WCs
Male WCs


Exceptionally well presented and sizable living accommodation, briefly comprising:
Living area
Dining area
Kitchen area
Laundry room
Bathrooms with WC, showers & wash hand basins
3 large double bedrooms
Second large living area
Storage areas
External private parking and garage


Opening Hours:
Wednesday 6pm–12amThursday 6pm–12amFriday 6pm–12amSaturday 6pm–12amSunday ClosedMonday ClosedTuesday 6pm–12am


Weekly Rent:
£692 Per Week. Weekly Rent:
£692 Per Week.
Seller Details
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Listing Details
Freehold Price: £824,995
Leasehold Price: £149,950
Tenure: Freehold
Tenure: Leasehold
Sector: Restaurants, Italian Restaurants
Financials
Annual Turnover: £266,004
Annual Net Profit: £12,943
Energy Performance Certificate (EPC)
Listing Statistics
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The data showed regarding this advert 'Reputable Italian Restaurant in Rugeley - 3950 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.