Authentic Italian Restaurant with Alcohol License and Loyal Customers in Newcastle Under Lyme
Newcastle under Lyme, Staffordshire
- Status
FOR SALE
- Advert ID
614133
- Reference
1034NJ / Rightbiz
- Call Agent:
- Leasehold: £89,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Independent Authentic Italian Restaurant in Newcastle Under Lyme
Established in 2013, this authentic Italian restaurant has transformed from a small café into an evening fine dining gem.Initially open on Saturdays, the success expanded to Thursday and Friday evenings until the first lockdown. Despite challenges, we have thrived, now focusing on Wednesday to Saturday evenings.
The vendor's resilience and commitment to excellence have earned them numerous awards, including Good Food Awards, Local Restaurant of the Year, and Trip Advisor accolades.
Situated in the heart of Newcastle-under-Lyme, the restaurant benefits from a prime town centre location with ongoing regeneration, including the new York Place development and planned accommodation in the old Moreton House and current car park. The town has a university and a large hospital, ensuring a steady stream of potential customers.
With an 11-year loyal customer base, there is significant scope to increase trading days and hours by reintroducing lunchtime service and potentially morning openings. The current alcohol license permits service from 10 am to 11 pm, Monday through Sunday.
This award-winning Italian restaurant presents a fantastic opportunity for new owners to build on a solid foundation and further expand its success. Its prime location and excellent facilities make it poised for continued growth and popularity in Newcastle-under-Lyme.
Established in 2013: From a small café to a popular fine dining evening spot.
Awards: Numerous accolades, including Good Food Awards, Local Restaurant of the Year, and Trip Advisor awards.
Prime Location: Town centre with ongoing regeneration projects, near university and large hospital.
Expansion Potential: Opportunity to extend trading days and reintroduce lunchtime service.
Alcohol License: 10 am-11 pm, Monday-Sunday.
Opportunity: Ideal for new owners to build on a strong foundation and expand success
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Listing Statistics
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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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