FOR SALE
643580
Well-established Italian restaurant that has been a cherished part of the community for over 30 years, revered for its authentic cuisine and warm, inviting atmosphere. With a loyal local customer base, this popular dining destination is poised for immediate operation, featuring a fully equipped kitchen and a selection of high-quality appliances.
The restaurant boasts a modern and welcoming interior, complemented by comfortable seating arrangements that enhance the dining experience. Guests can enjoy a diverse menu that highlights traditional Italian dishes, including an array of pizzas and pasta, all crafted with care to ensure authenticity. Adding to its appeal, the restaurant is located in the heart of the town centre, benefiting from excellent visibility and consistent foot traffic.
Key Attributes
This Italian gem, known as Howrich, is currently on the market with a leasehold opportunity available for interested buyers. The asking price is available upon request, and the current turnover stands at an impressive £520,000, with an annual rent of £30,000 and a profit margin of £300,000. Additionally, the sale includes all fixtures and fittings, making the transition seamless for the new owner.
Additional Opportunities
There is significant potential for growth under new management, supported by high customer demand for its offerings. The restaurant also includes a modern bar setup, providing a venue suitable for private events and social gatherings. The current online presence, maintained through an active website, further enhances visibility and customer engagement.
Located in a prime area, the restaurant is surrounded by various amenities, including shops and public services, which attract a steady stream of customers. The integration of stock inventory is also included in the sale, adding value to this exceptional business opportunity. Furthermore, there is potential for refurbishment and expansion, allowing the new owner to tailor the space to their vision.
With its strong local reputation and positive turnover figures, this Italian restaurant represents a lucrative investment for those looking to operate in a thriving market. There may also be room for negotiating the price, providing added incentive for potential buyers.
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.
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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.
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.
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.
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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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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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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