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Licenced Italian Restaurant Stockport

Stockport, Manchester
Leasehold Price:
£200,000
Status
FOR SALE
Advert ID
252530
Reference
7030 / Rightbiz
    Town Centre Trading Location

    Annual Turnover £400,000

    Further Financial Info After Viewing

    Established 2003

    Indoor Seating For 90

    Outdoor Seating For 20

    Fully Equipped

    Well Presented

    Scope For Additional Outdoor Seating

    Could Accommodate Any Cuisine

    Potential To Expand Menu

    Scope To Introduce Deliveries

    EPC – C

Description:
REF 7030 – Leasehold Italian Restaurant
Blacks Business Brokers are pleased to bring to the market this leasehold Italian Restaurant located in Stockport, Greater Manchester.

INTRODUCTION
Ciao Restaurant was established in this affluent area of Poynton in 2003 and our client took ownership in 2016. The business offers a range of fresh and authentic Italian food and has become very well known. It has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Trip Advisor. Ciao Restaurant has a comprehensive website in place.

LOCATION
Ciao Restaurant occupies a main road trading position within a busy parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples such as WHSmiths and Costa Coffee. There are also a number of schools and large housing estates nearby as well as Poynton Railway Station and Poynton Park. The area is well linked by the M60 and A6 with strong public transport links and parking is available in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other commitments, the business is proving too busy and is therefore offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease (FRI), this is the most common form of commercial lease. The current lease is a eleven year lease which began in 2016 at a cost of £761 per week.

STAFF
The business operates with seven members of staff supporting our client working on a full time basis. This includes two chefs.

FINANCIAL DETAILS
Ciao Restaurant has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £400,000. At present, the food vs drink sales are around 50:50. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. The business has a rateable value of £14,400.

SUMMARY
This is a well established and well known eatery which occupies a superb trading position and has a strong base of regular customers in place. There is plenty of scope to develop the business further with the introduction of a new online ordering service, new menu choices, delivery round and a strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Ciao Restaurant operates from the ground floor of a spacious detached property with pretty patio area to the front which offers seating for up to twenty in finer months. The business has large branding and signage on display above a central entrance area. Inside, the main dining area offers seating for ninety, this area is well presented with neutral décor and wooden floor fitted throughout. The kitchen is to the rear of this space, this is fully equipped with walk in fridge, ovens, grill and much more. There is also both customer and staff toilet facilities as well as a separate preparation area and two storage areas. All areas have been finished to a good standard.



Opening Hours:
MONDAY: CLOSEDTUESDAY - THURSDAY: 12pm-2pm | 5pm-9.30pmFRIDAY - SATURDAY: 12pm-2pm | 5pm-10pmSUNDAY: 1pm-8pm


Weekly Rent:
£761 Per Week. Weekly Rent:
£761 Per Week.
Listing Details
Leasehold Price: £200,000
Tenure: Leasehold
Location: Stockport, Manchester
Sector: Restaurants, Italian Restaurants
Financials
Annual Turnover: £400,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 7030 / Rightbiz

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