Italian Restaurant Bella Pizza & Pasta for Sale in Cleethorpes, Lincolnshire Due to Retirement
Cleethorpes, Lincolnshire
- Status
FOR SALE
- Advert ID
646235
- Reference
B09413 / Rightbiz
- Call Agent:
- Leasehold: £54,995
- Turnover: £90,000 (£1,731 per week)
- Profit: £35,000 (39% Profit margin)
Business Details
A Slice Of Success – Established Italian Restaurant In Cleethorpes
BusinessPlease quote reference B09413
CoGoGo proudly presents to the market Bella Pizza & Pasta, a long-established and much-loved Italian restaurant in the heart of Cleethorpes.
Established for over 40 years and owned by our client since 2022, the business has built a loyal customer base and strong local reputation for quality pizzas and pasta dishes. The sale is due to retirement, offering a genuine opportunity for a hands-on operator or hospitality investor to acquire a well-established trading name.
With 40 internal covers, an alcohol licence until midnight (with potential to extend), and further scope to develop marketing and delivery channels, there is a clear opportunity for growth. The planned pedestrianisation of Market Street is expected to further enhance footfall and strengthen this already popular trading location.
Early viewing is highly recommended.
Location
Situated on Market Street in Cleethorpes, the restaurant benefits from a central trading position close to retail units, bars and the seafront. The planned pedestrianisation of the street is expected to further increase passing trade and strengthen this already desirable location.
Premises
The premises provide a welcoming 40-cover dining area and a fully equipped commercial kitchen. The property benefits from an alcohol licence until midnight, with potential to extend, subject to approval.
Above the restaurant is a spacious four-bedroom flat, currently used for storage but offering strong potential for owner-occupation or alternative use, subject to any necessary consents.
Tenure
We are advised that this opportunity is being sold on a Leasehold basis. The business operates under a 10-year lease with annual rent of £18,000. Further lease details are available upon request.
Hours
The current operating hours are:
Monday to Thursday: 4:30 pm to 9:45 pm
Friday: 4:30 pm to 10:45 pm
Saturday: 4:30 pm to 11:45 pm
Sunday: 4:30 pm to 9:45 pm
Staff
The business operates with a team of 5 staff members.
Financial Profile
We are advised that the business generates a turnover of £90,000 with a net profit of £35,000.
Contact Agent
Listing Statistics
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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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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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