Profitable Italian Restaurant with Growth Potential for Sale in Shanklin Isle of Wight
Shanklin, Isle of Wight
- Status
FOR SALE
- Advert ID
613869
- Reference
B08126 / Rightbiz
- Call Agent:
- Freehold: £435,000
- Turnover: £400,000 (£7,692 per week)
- Profit: £100,000 (25% Profit margin)
Business Details
Profitable Italian Culinary Gem in Shanklin For Sale
BusinessPlease quote reference B08126
CoGoGo are happy to be managing the sale of a profitable Italian Restaurant in Shanklin.
Nestled in the bustling heart of Shanklin's high street, Pavarotti's Restaurant stands as a beacon of authentic Italian cuisine and vibrant dining experiences. Renowned for its fresh, hand-tossed pizzas and homemade pasta, this cherished establishment has become a staple for both locals and tourists alike. With an extensive menu featuring meat dishes, succulent seafood and an array of classic Italian delicacies, Pavarotti's offers and unforgettable culinary journey that delights every palate.
The restaurant offers both dine-in and takeaway services, catering to a wide range of customer preferences. Guests can enjoy a cozy and intimate dining experience within the charming ambiance of the restaurant or opt for the convenience of takeaway to savour their favourite Italian dishes at home. This versatility not only broadens the customer base but also enhances overall customer satisfaction and loyalty.
While Pavarotti's Restaurant already enjoys considerable success, there are numerous opportunities for growth and expansion. Creating a dedicated website with online reservation and delivery services could significantly enhance customer convenience and broaden the restaurant's reach. Offering online reservations would streamline the dining experience, allowing customers to secure their preferred dining times effortlessly. Additionally, introducing delivery services could tap into the growing demand for at-home dining, particularly from those seeking high-quality, restaurant-style meals in the comfort of their own homes.
Investing in targeted marketing strategies and community engagement initiatives could further elevate Pavarotti's profile. Social media marketing, local partnerships, and participation in community events would enhance brand visibility and foster strong relationships with local patrons. Special promotions, loyalty programs, and seasonal menus could also attract new customers and retain existing ones, driving sustained business growth.
Pavarotti's Restaurant represents a lucrative investment opportunity, combing a prime high street location with a well-established reputation for exceptional Italian cuisine. With its robust infrastructure, versatile dining options, and potential for growth through digital innovation and community engagement, Pavarotti's is poised for continued success. Whether you're an experienced restauranteur or an aspiring entrepreneur, this thriving establishment offers a compelling venture in the heart of Shanklin.
Location
Pavarotti's Restaurant benefits significantly from its prime location on Shanklin's high street, a well-established trafficked area known for its lively atmosphere and diverse array of shops and attraction. This enviable position ensures a steady stream of foot traffic, providing excellent visibility and accessibility for potential customers. The high street's vibrant ambiance and consistent pedestrian activity contribute to Pavarotti's sustained profitability and popularity within the community.
Premises
Pavarotti's Restaurant is being sold on a Freehold basis, encompassing a well-designed and functional property. The commercial kitchen and restaurant occupy the ground floor, featuring state-of-the-art culinary equipment and a welcoming dining area.
The first-floor boasts a spacious lounge and additional kitchen, providing ample space for tenants or potential expansion.
The second-floor houses two comfortable bedrooms and a modern bathroom, offering residential accommodations that add significant value to the property.
Tenure
This opportunity is being sold on a Freehold basis.
Hours
The current operating hours are:
Monday to Sunday - 5:00pm to 9:00pm
Staff
The business is run and managed by our client with the help of 12 members of staff.
Financial Profile
This business generated a turnover of £400,000 in 2023/2024. Full financials can be made available upon further request.
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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.
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.
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