Beloved Italian Restaurant in Flintshire on Sale, Established Since 1987
Mold, Flintshire
- Status
FOR SALE
- Date Submitted:
01/06/21
- Advert ID
277448
- Reference
B06178 / Rightbiz
- Call Agent:
- Leasehold: £29,950
- Turnover: £47,000 (£904 Per week)
- Net Profit: £20,000 (43% Profit margin)
Business Details
Well Established Italian Restaurant for sale
BusinessPlease quote reference B06178
Hilton Smythe welcomes to the market Belvedere restaurant. The business was established by our client in 1987 and prides itself on offering delicious Italian cuisine in lovely, relaxed authentic surroundings. The restaurant is only now coming to the market as the owner looks towards a well-earned retirement.
The business offers a popular menu as well as a la carte meals and daily specials. The business has an outstanding reputation not only locally, but also further afield, with many of the 5-star trip advisor reviews being from customers out of the area.
The sale of the business -
- Kitchen equipment
- Grill
- Commercial cooker
- Freezer
- Fridge
- Crockery
- Stainless steel benches
- Mixer
- Bar equipment
- Wine fridge
- Till
- Traditional tables and chairs
The restaurant has 28 covers, with a fully fitted bar and commercial kitchen. There is also potential to use the 1st floor as living accommodation should the purchaser desire.
Reasons to buy:
- Extremely well established business with an enviable reputation and many existing repeat customers
- Beautifully presented creating the ultimate dining experience
- Ideal owner managed, family ran or partnership business
- All fixtures and fittings included making this a real Turnkey business opportunity
- Current owner would be happy to offer a handover to ensure the continued success
- Little or no competition locally
- Masses of residential building locally which will drive more footfall to the business.
Location
The business is situated in the historical town of Mold in Flintshire, this lovely welsh town lies on the River Alyn and originally developed around Mold Castle.
The restaurant occupies a fantastic trading position on one of the main retail streets in this very busy modern shopping town centre. Benefiting from car parking in the proximity and surrounded by a plethora of complementary businesses ensuring heavy footfall in the area throughout the day.
Although Mold no longer has a railway station the town still has excellent public transport links with the nearest station being at Buckley, and regular bus services run throughout the day to Chester and Wrexham and to surrounding towns including Denbigh, Holywell and Ruthin.
Premises
The restaurant is in a large 2 storey terrace, with excellent eye-catching signage.
Upon entrance is the main seating area with access behind the bar area to the kitchen.
The kitchen is fully equipped to suit the trade with non-slip flooring, tiled walls and stainless-steel washing area.
To the rear of the kitchen there is a storage area and separate WC. External access to the rear, where the bins are stored.
The 1st floor is currently unused consisting of 3 spacey rooms, this could be used as living accommodation with minor cosmetic work.
Tenure
We are advised that the business is being sold on a Leasehold basis, with a lease to be negotiated with the sellers. The rent is £1,333 per month and has £0 rates payable.
Hours
The business hours are -
Monday – Closed
Tuesday - Closed
Wednesday – 5:00pm – 10:00pm
Thursday – 5:00pm – 10:00pm
Friday – 5:00pm – 10:00pm
Saturday – 5:00pm – 10:00pm
Sunday - Closed
Staff
We are advised that the business has 1 full-time and 1 part-time staff members.
Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £47,000. Full financials can be made available upon further request.
Please quote reference B06178
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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