Amalfi italian Restaurant Leashold

Amalfi Italian Restaurant and Pizzeria has been under the careful and meticulous ownership of our clients for the last four years and has built up an enviable reputation within the local area, a true testament to the hard work and dedication from the current owners, resulting in the high calibre of business on offer. The business is now being offered for sale due to our clients wishing to explore other business interests.

The business offers authentic Italian cuisine in a well presented, licenced restaurant setting with capacity for 45 to 50 covers, and prides itself on its pasta, pizza, seafood and vegetarian dishes, with some excellent online reviews as a result of the quality food and service they have to offer. The business further benefits from a thriving takeaway side to the business as well, something a new owner could look to expand on.

We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website, along with offering some further additions to the menu.

This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.

All fixtures and fittings are to be included in the sale of the business along with the following equipment:
Wood fired pizza oven.
Pizza fridge with marble top.
Glasswasher.
Coffee machine.
2 fridges behind the bar.
3 fridges in kitchen area.
2 freezers.
1 cold room.
1 charcoal grill.
2 fryers.
Stove and oven.
Dishwasher.
Till with two printers.

A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.

Location.
The business is located in a prime trading location on the High Street in the heart of the picturesque village of Hythe (SO45) and is complimented by being surrounded by a host of independent businesses, leading to a good level of footfall, and passing trade.

Hythe is well serviced in terms of local amenities and offers a range of shops and amenities, including the ferry service to Southampton and is in close proximity to the New Forest National Park and Southampton Water.

Premises.
The business is located in a traditional restaurant style premises over two floors, briefly comprising, ground floor seating area with a selection of tables and chairs, with feature service counter located toward the rear, with service area, along with a feature wood burning pizza oven, to the rear there is a fully fitted commercial kitchen area, with a good selection of industry equipment. The upper level is accessed via a staircase located on the ground floor, and again benefits from a selection of quality furniture. There is also an area for outside dining to the front of the premises The business has undergone extensive investment since opening, leaving a new owner very little to invest in this turnkey premises.

Tenure.
We are advised the business is being sold on a Leasehold basis with six years remaining on the Lease, the rent is £1333 per month.

Hours.
The business trading hours are as followed:
Monday - Closed.

Tuesday to Sunday - Morning/Afternoon Hours 12:00pm until 15:00pm - Evening Hours 18:00pm until 22:00pm.

Staff.
The business is run and managed by five full time staff members.

Financial Profile.
We are advised the business generated a turnover of circa £430,000 as of 2019, further financial information can be made available upon request.

In 2022 the business generated a turnover in the region of £225,000. The net profit in the region of £70,000.