Thriving Italian Restaurant in Newton Aycliffe with Growth Potential and Expansion Opportunities
Newton Aycliffe, County Durham
- Status
FOR SALE
- Advert ID
631757
- Reference
218317034 / Rightbiz
- Call Agent:
- Leasehold: £50,000
- Rent: £11,548 (£962 per month)
- Turnover: On request
- Profit: On request
Key Features
- Central Position in Affluent Village
- With Car Park
- Adjacent to Multiple Retailers
- Prime Location
Business Details
Popular Authentic Italian Restaurant, Newton Aycliffe, DL5 6HP
AlfrescoNapoli - 7, The Courtyard, Business Park, Newton Aycliffe DL5 6HP
Parker Barras are delighted to offer this fantastic, authentic Italian restaurant, nestled within the heart of Newton Ayciffe's Business Park to the market
AlfrescoNapoli which has been trading out of their current unit for over 5 years has been a huge hit with both the local community and people from afar, they pride themselves on their authentic Italian cuisine, serving a very limited menu of Pizza, Pasta, Dough Balls and Chips.
Food is served in a fast food/takeaway style, which allows customers to either sit in or take away. Inside are a total of 45 covers with an extra 12 outside covers for the warmer months. The restaurant has huge scope to increase turnover, reducing the size of tables to allow for more covers is one route, another being extending the seating area into the very large store room. The stockroom also benefits from a large vehicle roller shutter for easy access to deliveries.
The current opening hours are.
Monday
Closed
Tuesday
11:30 am–2 pm, 5–8 pm
Wednesday
11:30 am–2 pm, 5–8 pm
Thursday
11:30 am–2 pm, 5–8 pm
Friday
11:30 am–2 pm, 5–8 pm
Saturday
4–8 pm
Sunday
Closed
There is current scope to further increase the opening hours, and scope to increase to 7 days a week trading.
Further scope to increase sales comes from the lack of delivery apps, the restaurant offers a phone up and collect service for their lunchtime service however their evening service is walk in only. With the implementation of delivery apps and increases seating size/opening hours, this restaurant is ready to soar.
Current Takings - £5,500 Weekly
Currently the restaurant is ran by the owners, with 1 owner working the kitchen and the other working front of house, there is some part time staff but only pot washers.
All equipment apart from the large upright coffee machine is owned outright and is included in the sale.
The restaurant is held on a lease with 3 years remaining at £802 Per Month VAT
The property also qualifies for small business rates relief.
Overall this is a fantastic opportunity to take an already established business to the next level.
No Direct Approach To Be Made
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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.
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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.
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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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