Established Italian Restaurant in Letchworth Garden City Hertfordshire Available for Purchase
Letchworth Garden City, Hertfordshire
- Status
FOR SALE
- Advert ID
617480
- Reference
B08232 / Rightbiz
- Call Agent:
- Leasehold: £29,999
- Turnover: £80,000 (£1,538 per week)
- Net Profit: £51,100 (64% Profit margin)
Business Details
Newly Established Italian Restaurant For Sale
BusinessPlease quote reference B08232
CoGoGo present to the market Saporito Street, located in the vibrant Letchworth Garden City, it has quickly become a beloved local establishment gaining popularity in just 8 months. Known for its Authentic Italian flavours, this Italian gem offers a unique and profitable business model that has proven successful and is ripe for growth and expansion.
The current owners are selling due to their plans to move to another country, presenting a unique chance for new ownership to step in and expand upon a successful concept.
Key Features:
Limited Menu and Core Items: Saporito Street excels with a focused menu featuring a selection of best-selling Italian dishes, including freshly made pasta and classic Italian sandwiches (Puccia). By concentrating on a handful of items, the restaurant ensures exceptional quality and consistency, utilising fresh ingredients that keep customers coming back for more.
Pre-Positioned Ingredients: To optimise efficiency and maintain quality, all ingredients at Saporito Street are pre-portioned. This approach reduces food waste, speeds up preparation times, and ensures every dish meets the restaurant's high standards, making the model easily replicable for future franchise locations.
Compact Kitchen and Minimal Equipment: Operating with a compact kitchen that require only essential equipment- such as pasta cookers, ovens, and refrigeration - Saporito Street minimises overhead costs and simplifies kitchen operations. This lean setup avoids the need for large, expensive appliances, making the business easy to manage and scale.
Small Footprint and Low Overheads: Saporito Street operates out of a warehouse unit, keeping rent and overheads low while maximising profitability. The small footprint allows for flexible and adaptable operations, whether in urban centres, suburban area, or as a delivery-only ghost kitchen.
Low Staffing Requirements and Simplified Operations: The simplified menu and pre-prepared ingredients reduce the need for highly skilled chefs, allowing staff to be quickly trained to assemble dishes efficiently. Automation, including a digital ordering epos and online ordering system, further streamlines operations by reducing the need for front-of-house staff, enabling a strong focus on back-of-house efficiency.
Focus on Takeaway and Delivery: Saporito Street taps into the booming takeaway and delivery market by partnering with popular platforms like Uber Eats, Just Eat, and Deliveroo. This focus enables the restaurant to reach a wide audience without the need for extensive dine-in facilities. The use of eco-friendly, durable, and heat-retaining packaging ensures food arrives fresh and appealing enhancing the customer experience.
Scalable and Replicable Model: Saporito Street is designed with scalability in mind. The low setup costs, due to minimal equipment needs and a streamlined operational footprint, make the concept highly replicable. This presents a fantastic opportunity for growth through franchising or opening additional locations.
Flexible Options: The adaptable business model of Saporito Street allows it to thrive in a variety of settings, from high-traffic urban areas to more residential or suburban locations. It can also operate effectively as a delivery-only ghost kitchen, broadening its market reach and profitability.
This is a rare opportunity to acquire a profitable and well-established restaurant with significant potential for growth and expansion.
Saporito Street is more than just a restaurant, it's a well-structured, profitable operation with a clear path for growth. Whether you're looking to invest in a single location or expand through franchising, Saporito Street is perfectly poised for continued success in the competitive food industry.
Location
Occupying a warehouse unit surrounded mainly by other businesses, it is located in the busy industrial area of Letchworth. This excellent location, coupled with efficient and profitable operations, sets the stage to continued success.
Premises
Saporito Street occupies an industrial unit in Letchworth Garden City, offering its vibrant Italian flavours including fresh pastas, Lasagna, Parmigiana, Scilian Cannoli, Triramisu, adding a delightful culinary experience to the town's charming atmosphere.
Tenure
This opportunity is being sold on a Leasehold basis with 6 years remaining on the lease.
The current rent is £580 per month (no business rates).
Hours
The current operating hours are:
Monday to Sunday - 11:00am to 9:30pm
Staff
This business is run and managed by our client with 2 additional staff members.
Financial Profile
This business generated a turnover of £80,000. Full financials can be made available upon further request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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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