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Traditional Italian Restaurant With Excellent Reputation

Tamworth, Staffordshire
Leasehold Price:
£49,995
Status
FOR SALE
Advert ID
245531
Reference
B05361 / Rightbiz
Business
Hilton Smythe welcomes to the market, Daquino Cucina Italiana Restaurant  The business was founded by the current owners in February 2011 and has been a real labour of love for them. This great little business is now being sold, albeit reluctantly and with heavy heart only due to a wish to take a well-earned retirement and to pursue other business opportunities.

The owners are keen to see their beloved business pass to an ambitious and entrepreneurial new owner who can take it to the next level.Daquino prides itself on serving traditional Italian food, from hearty Lasagne to a great range of pastas and risotto and providing an informal and relaxing ambience whatever the occasion, whether for business, family celebrations or a romantic meal for two.

The sale includes a website and the business has a great visible presence on the internet with its own Facebook page and many great online reviews. The business has received a certificate of excellence from TripAdvisor for the last four years and was a regional winner in the “English Italian Awards” in 2016.

Scope to improve

  1. Advertising and marketing campaign
  2. Maximise the use of social media
  3. Extend the opening hours
  4. Develop the outside catering side of the business, great commercial catering kitchen!
  5. Offer a takeaway menu at lunchtimes, there is a big demand for this.
  6. Explore Hungry House and Just Eat online options.
Reasons to buy

  1. Well established business with an enviable reputation, many regular customers and great reviews
  2. Low running costs with inexpensive rent and no business rates
  3. Little or no competition locally
  4. Ideal owner managed or partnership business
  5. Current owners happy to offer a handover to ensure the continued success
  6. Everything included in sale price and immaculately presented making this a real “Turnkey” business.
  7. A real opportunity to increase turnover and profits significantly, current owners have been running at a pace to suit.
  8. Priced to sell, this business has been advertised previously at much higher price and is now priced to facilitate a quick sale.
Hilton Smythe highly advise early viewing to avoid disappointment. This lovely little business is likely to attract considerable interest.



Location
Daquino Cucina Italiana Restaurant is in Tamworth. Tamworth is a large market town in Staffordshire, 14 miles northeast of Birmingham bordering Warwickshire to the south and east and Lichfield to the north and west. At the 2001 census the town had a population of 76,900 making it the second largest town in Staffordshire after Stoke on Trent.

The main road running through Tamworth is the A5, the M42 motorway runs to the east of the town and it is accessed via junction 10 which also contains Tamworth services. Tamworth railway station is in Victoria Road and serves as an interchange between the West Coast Mainline and the Cross-Country route.

The business is situated in the town Centre alongside complimentary retail businesses next to St. Edithas Church and, there are several inexpensive car parks nearby as well as on street parking and the business enjoys high levels of footfall and passing trade. The business is presented and maintained to the very highest possible standards and is well signed.



Premises
The business occupies a quaint, period terrace building and is beautifully presented.

Ground Floor:

  • Restaurant Bay window and glazed door to front creating a light, airy and inviting interior, many original features, beamed ceilings, wood effect flooring, radiator, high quality tables and chairs providing 28 covers currently. Bespoke bar with stainless steel worktop, two double glass fronted drinks chillers, good range of optics and bottles of wines and spirits, coffee machine, coffee grinder, tiled and mirrored splash backs, perimeter shelving for the storage of glasses. There is a walk-in alcove with tiled splash backs and perimeter shelving with an ice machine and shelf for till and card machine.
  • Kitchen Generous sized catering kitchen, comprehensively equipped with tiled walls, twin stainless steel sink and drainer, Imperial commercial range cooker with 6 burners and oven beneath,4 basket commercial fryer, further twin basket fryer, full extraction system with stainless steel canopy, stainless steel perimeter shelving, hand wash basin,2 microwave ovens, 5 compartment industrial fridge, wall mounted Alpha boiler.
  • Wash up area With roof lights, tiled floor, twin stainless-steel sinks with useful storage beneath, two drawer commercial dish washing machine.
  • Walk-In Chiller Generous sized walk in Chiller with perimeter shelving, this has had a new motor and been regassed recently.
  • Freestanding Timber Storage shed
  • Useful store with power and light
  • Freezer/Dry Goods store
  • A generous timber store housing 2 chest freezers, a Beko upright freezer and perimeter shelving along with lots of floor storage space.
  • There is a newly refurbished secure yard/ binstore with a rear entrance.
 

To the first floor and accessed via stairs from the ground floor restaurant is a further seating area/ function room. Dual aspect with wall lights, access to roof space, a freestanding display unit and tables and chairs providing an additional 30 covers approx.







Tenure
We are advised leasehold; the original term was for 15 years and there are approximately 8 remaining. The rent is a very reasonable £9500 per annum and we are further advised that the landlord would be happy to renegotiate a lease for a new owner. We are advised that the business benefits from being exempt from business rates.



Hours
Lunch Thursday to Saturday 12-2pm

Dinner Tuesday to Saturday 6-10pm



Staff
The business is managed by the two owners with the help of 3 part time staff.



Financial Profile
Daquino Cucina Italiana Restaurant generates an advised current turnover of circa £150,000 per annum and continues to grow at an impressive pace.



Listing Details
Leasehold Price: £49,995
Tenure: Leasehold
Location: Tamworth, Staffordshire
Sector: Restaurants, Bistros
Financials
Annual Turnover: £150,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: B05361 / Rightbiz
What's nearby
Within 1 milei:
Venture Tree Services Ltd (Point Of Interest)
Unipart Logistics (Car Repair)
Dreams Tamworth (Furniture Store)
Plumber Tamworth & Gas Fitter (Plumber)
Our Shop (Store)
Headway (Hair Care)
Bolehall Manor Club (Restaurant)
360 Revive (Store)
Moor Lane (Bus Station)
Moor Lane (Transit Station)
Listing Statistics
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