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Leasehold Independent Italian Restaurant Located In Stourbridge

Stourbridge, West Midlands
Leasehold Price:
£69,950
Status
FOR SALE
Advert ID
247961
Reference
2407 / Rightbiz

Leasehold Independent Italian Restaurant Located In Stourbridge
Family Operated
Ref 2407


Location
This delightful Italian Restaurant is located in the market town of Stourbridge. The town lies 13 miles West of Birmingham and offers an abundance bars, restaurants and outlets to include many large retailers. The restaurant is positioned within the town centre ring road which can be accessed via the A458 and A491. The immediate area is  densely populated with residential properties.  

Asking Price £69,950 plus SAV (£2,000)

Leasehold
Term: 15 years 
Remaining: 13 years
Rent: £14,400 plus VAT pa
Service charge: £3,600 plus VAT pa
Business Rates: £4,300 pa   


Business Description 
Veritas Business Sales are delighted to offer for sale this respected Italian Restaurant which is located within Stourbridge town centre. The business was established 30 years ago and has been in the careful hands of the current owners for the past 5 ½ years. Reluctantly the business is being offered for sale due to a combination of other business interests and too much travelling.                                                                                                                                                                                                 Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Also included is the restaurant website and Facebook page. Vesuvio is family operated with the help of 3 full time and 2 part time members of staff and has an annual turnover of circa £200,000. They serve a fine range of rustic Italian classics which can be accompanied with some fine wines, beers, spirits, soft drinks and specialist coffees, all of which can all be enjoyed in a relaxed and cosy atmosphere. All fayre is freshly prepared to order on site using only the finest Italian produce which has gained them a 4 * TripAdvisor and 4.7 Facebook rating.                                                                                                                                                                                           We believe that there is further potential to increase trade by extending upon the current opening times and opening Sunday evenings & Mondays. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visitors. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.


Opening Hours
Monday – closed
Tuesday – Saturday – 12.00pm – 2.30pm – 5.30pm – 10.00pm 
Sunday – 12.00pm – 2.30pm 

Ground Floor
Door leading to hallway with stairs & lift access to the first floor. 
First Floor
Hallway with lift access, linen storeroom with storage cupboard.
Restaurant comprising: tables & chairs to cover (65), bar area with draft beer tap, soft drinks dispenser, stainless steel sink drainer, bottle fridge, 2 x double door bottle fridges, single door bottle fridge, glass storage shelves, spirits display shelves, espresso coffee machine (Grigia), coffee grinder (Visacrem) and EPOS till system. 
Disabled W/C with wash basin and baby change.
Gents W/C with urinal, 2 x wash basins, wall mounted hand dryer & soap dispenser.
Ladies 2 x W/C with wash basin and wall mounted hand dryer.
Function room with seating for (24).
Commercial kitchen comprising: convector oven (Turbo fan), 2 x 6 burner ranges, solid top range (Zanussi), salamander grill (Blue seal), double deep fat fryer, commercial microwave (Samsung), commercial microwave (Kenwood), extraction canopy, 2 door fridge with marble top and saladette, hot food cupboard & pass, 3 door fridge with worktop & saladette, stainless steel table with two shelves, vegetable saladette, stainless steel wash basin, dishwasher (Eco Star Meiko), stainless steel sink drainer x 2, stainless steel worktop with commercial tin opener, stainless steel worktop x 2 and 2 x stainless steel shelves.
Walk-in cold room.
Staff W/C with wash basin.
Dry stores with 2 x chest freezers, wall mounted shelving and meat slicer.
Dry stores with 3 x wall mounted stainless steel shelves, boiler and water tank.
Basement 
Fire exit and access for deliveries.


 
 

Listing Details
Leasehold Price: £69,950
Tenure: Leasehold
Location: Stourbridge, West Midlands
Sector: Italian Restaurants, Restaurants
Financials
Annual Turnover: £200,000
Annual Net Profit: Available upon request
Key Features
  • Attractive Business
  • Fully Fitted
  • Adjacent to Multiple Retailers
  • Prime Location
  • Accounts Available
  • Close to Local Amenities
  • Established Business
  • Potential for Alternative Use
  • Town Centre location
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 2407 / Rightbiz
What's nearby
Within 1 milei:
GH Collectables (Shopping Mall)
The Stourbridge Institute Social Club (Point Of Interest)
Vape Vamps E-Cig (Store)
Dukes Electrical Services (Electrician)
Tesco Opticians (Store)
Drainscan (Plumber)
Tesco Extra (Supermarket)
Tesco Clothing Click and Collect (Clothing Store)
Tesco Café (Cafe)
Stourbridge Ring Rd (Bus Station)
Listing Statistics
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