Family-run Italian restaurant for sale in Irvine, North Ayrshire with over 22 years in operation
Irvine, North AyrshireEst. 22 years
- Status
FOR SALE
- Advert ID
652226
- Freehold: £160,000 (Stock at valuation)
- Turnover: £300,000 (£5,769 per week)
- Profit: On request
Business Details
Well established busy Family run Italian Restaurant in North Ayrshire
For over 22 years, this well-established and popular family-run Italian restaurant in North Ayrshire has built a reputation for quality food and a fine selection of wines. Generating a loyal customer base with regular repeat trade, the restaurant serves as a beloved dining destination for both locals and visitors alike.
Currently, the restaurant operates five days a week, with specific hours designed to cater to its clientele: on Wednesdays, Thursdays, and Sundays, it opens from 5 PM to 9 PM; Fridays offer lunchtime hours from 12 PM to 3 PM, followed by dinner from 5 PM to 9 PM; and Saturdays are dedicated to an all-day service from 12 PM to 9 PM. There remains significant potential to extend these hours further, allowing new owners the opportunity to capitalise on the business's growth and meet increasing demand.
The restaurant has seen a consistent rise in turnover, contributing to its robust performance over the past year. The current owners have maintained the establishment, and the decision to sell arises from their impending retirement, presenting a unique opportunity for prospective buyers. The restaurant includes fixtures and fittings in the sale, ensuring a smooth transition for the new owners. With a dedicated team of eight employees in place, the restaurant is well-equipped to continue its successful operation.
Additionally, the business benefits from an established online presence, further enhancing its reach and visibility in the community. The restaurant is available as a freehold opportunity, with an asking price provided on request. With a current turnover of approximately £300,000, this Italian restaurant represents an appealing investment for those looking to enter the vibrant hospitality sector in Irvine, North Ayrshire.
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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.
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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.
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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.
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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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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.'.
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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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