Businesses For Sale > Business For Sale in Salisbury, Wiltshire, UNITED KINGDOM - UK (UK)

AC213 -Salisbury, Wiltshire- Ł100,000 -Licensed Italian Bar and Restaurant -120 Covers for sale in Salisbury, Wiltshire, UK

Salisbury, Wiltshire, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 100,000	Undisclosed	Undisclosed

Business Summary:
Licensed Italian Bar and Restaurant -120 Covers Ref.AC213 Location Salisbury, Wiltshire Asking Price Ł100,000 This lively Italian restaurant has been a favourite destination for those who love authentic Italian cuisine, for past 30 years. Specialising in regional Italian cuisine, the restaurant combines contemporary and rustic styles to create a truly unique dining experience.It has a very successful and has a strong client base that includes locals and tourists as well as corporate clients. This business offers customers an opportunity to spend time relishing a high quality Italian food prepared in continental style to the highest standard that can be accompanied by the high quality wines from different continents which are held in stock. The restaurant’s modern kitchen enables the provision of consistently excellent quality food at competitive prices in comfortable surroundings. The restaurant has established an excellent amount of goodwill over the years amongst its customers, the majority of whom are successful business people and affluent professionals. The welcoming, comfortable and fully licensed, this bar and restaurant currently has seating for 120 covers. The Restaurant benefits from a significant location in this affluent and established dining area in this busy location and has a prominent frontage that comprises of a large glass concertina frontage. The interior has a distinct high class feel.

Year Business was Established: 1979

Facilities / Terms of Lease: The business is located on a prime location. It is spread over two floors and has got the street entrance. The first floor has got a large bar area which can be used as a restaurant area as well and it also has office and restroom.. The second floor has got the commercial, impressive and well equipped kitchen with a further 80 covers for restaurants. The property is leasehold, lease is expiring in 2016. The rent is reviewed every five years. The current rent is Ł18,500 and the rate payable is Ł5,500.

Potential Growth/Expansion: The current market for this type of business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs being situated in a vibrant area of great tourist interest.

Competition: The prime location of this business brings most of its customers. A large part of its turnover is generated through the current existing satisfied client base and word of mouth recommendation. It also gets business through private parties. The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively.

Owner willing to train: Full support and training will be provided to the successful purchaser.

Reason for selling: A stage has been reached where the owner wishes to retire.

Seller Reference Number: AC213
BusinessMart.com Listing Number: 66186

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