WELSHPOOL EXCELLENT ROADSIDE RESTAURANT ON MAIN 'A' ROAD

Seller Reference: 96490

Location:

Fabrizio’s occupies a prominent roadside position, nestled in the picturesque countryside of Powys. It is located on the main A458 Midlands to central Wales trunk route, making it very visible to passing trade.  

The busy and prosperous market town of Welshpool is four miles west. Welshpool is a popular market town which attracts visitors and tourists throughout the year.  It is also the focal point for a much wider agricultural area and its community.

Welshpool stands on the England/Wales border in an area known as The Marches and the renowned walkers' route, Offa's Dyke, passes nearby.  Tourists are also attracted to the nationally renowned Powis Castle located on the edge of the town; this being the seat of the Herbert family, the Earls of Powis. As of the 2021 census report, Welshpool had a population of over 6,500.

Property:

Fabrizio’s occupies a single storey, detached property with rustic, wood-clad exterior walls under a flat roof.  The property sits within a spacious car park for 50 vehicles.  
The property offers an exciting opportunity to reintroduce a drive-through.  One was previously installed at the premises but is currently not in service.  
The property is briefly described as follows:

Trade Areas
GROUND FLOOR
Entrance vestibule leading into the main TRADE AREA, currently seating 70 on ladderback and vintage metal bistro chairs but which could comfortably seat 90.  Laminate flooring throughout.  Decorative low hanging lights.  BAR SERVERY with wood effect counter and ancillary storage behind.  

To the rear of the trade area is the UTILITY AND PREPARATION AREA which is comprehensively equipped. The rear of the room was  formerly used as a drive-through serving hatch, however it is currently not utilised.

Adjacent is the COMMERCIAL KITCHEN which is of a good size and  comprehensively equipped with a range of stainless steel catering effects and equipment. Five section extraction unit. Altro nonslip flooring and stainless steel and UPVC clad walls throughout.

LADIES’ and GENTLEMEN’S TOILETS.  

External
To the front is seating for 16 under an adjustable fabric awning. This area is enclosed by wood railings and has an Astroturf base.
Wraparound, tarmacadamed lined CAR PARK for 50 vehicles. What was previously the drive-through area is currently blocked off, however this could quickly be reinstated. 

 

Business:

Fabrizio’s is an authentic Italian restaurant combining the culinary artistry of Rome with a touch of Welsh charm.  The business won ’Best Italian Restaurant in Wales’ in 2023 and 2024.

Our clients now wish to sell and relocate to Italy.  We are advised that yearly takings inclusive of VAT are approximately £400,000 with an adjusted net profit of £70,000.  
Fabrizio’s opening times are as follows:

Monday – closed
Tuesday to Saturday – 12 noon to 2.30pm and 5.30pm to 9pm
Sunday – 12 noon to 4pm

Prospective purchasers will undoubtedly see the potential for the introduction of a breakfast trade, especially given the business is located on the main A558 trunk route.  There is also the possibility of reintroducing a takeaway service due to the drive-through facilities already being established.

 

Tenure:

LEASEHOLD:                                    £39,500 to include goodwill, fixtures and fittings. Stock at valuation in addition.
TERM:                                              6 years.
LANDLORD & TENANT ACT 1954:    Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY:                             Fully assignable subject to Landlord’s consent.
BOND:                                              A bond equivalent to three months’ rent in advance.
RENT:                                              £30,000 per annum, paid monthly in advance.
RENT REVIEW:                               Subject to rent reviews every third year of the term.
REPAIR LIABILITY:                         Part repairing and insuring lease.  This is not a full repairing and insuring lease with the Landlord retaining responsibility for the structure of the building.  The Tenant will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
TIE:                                                 Free-of-tie.
INSURANCE:                                  The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT:                                                 VAT will not be payable on the Premium.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.