Top Italian Restaurant in Wickford Essex for Sale - £230K Turnover in 2022
Wickford, Essex
- Status
FOR SALE
- Date Submitted:
30/03/23
- Advert ID
510946
- Reference
B07275 / Rightbiz
- Call Agent:
- Leasehold: £99,995
- Turnover: £229,708 (£4,417 Per week)
- Net Profit: £49,573 (22% Profit margin)
Business Details
Highly rated Italian Restaurant for sale
BusinessPlease quote reference B07275
CoGoGo are delighted to welcome to the market Tony's, a highly rated Italian restaurant in Wickford, Essex.
The business was established by our clients in 2020, building up an excellent reputation and repeat customer base during its short time of trading.
Tony's is a highly rated Italian restaurant that specialises in authentic Italian Pizza & Street food. They also sell italian groceries. They have a business website with online ordering and online table booking facilities. The split is 90% sit in sales and 10% delivery orders. The business has an excellent reputation for both quality & service and completed a high end fit before opening in 2020.
Key selling points -
- Over £50,000 invested to create a unique space not seen in Wickford
- No.1 sit down Italian restaurant in the area
- Very profitable business model
- 4.6/5 Google review score
- Voted as BEST RESTAURANT by Restaurant Guru in 2022
- Handover period offered
- Early stages of sales growth
- Long lease in place
- Increase advertising
- Increase social media presence
- Promote & Increase online/delivery orders
- Extend opening hours
Location
Tony's is located on High Street, in the heart of Wickford, Essex.
The business has eye catching signage and receives high levels of footfall and passing trade.
Premises
Occupies a corner premises.
Ground floor -
- Bar/Customer waiting area
- Dining space for 50 covers
- Open plan bar & pizza kitchen
- Rear dishwashing area & storeroom
- Toilet facilities
- Staff area
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 9 year lease. The rent is £25,000 per annum, with rates payable at £852 per annum.
Hours
The current trading hours are -
Monday - Closed
Tuesday – 12:00pm – 3:00pm & 6:00pm – 9:30pm
Wednesday – 12:00pm – 3:00pm & 6:00pm – 9:30pm
Thursday – 12:00pm – 3:00pm & 6:00pm – 9:30pm
Friday – 12:00pm – 3:00pm & 6:00pm – 10:30pm
Saturday – 12:00pm – 3:00pm & 6:00pm – 10:30pm
Sunday - 12:00pm – 3:00pm & 6:00pm – 9:30pm
Staff
We are advised that the business has 8 members of staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £230,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
