Business Summary:
Fully Licensed, Established and Respected Italian Restaurant
Ref.AC229
Location Central London - South
Asking Price £ 89,000
This restaurant was established seventeen years ago by the vendor. In that time the business has built itself an impeccable reputation for the high quality and freshness of its Italian menu; with a traditional Italian atmosphere, built on the Italian staff and heritage. The company has grown through un-rivalled reputation and recommendation, and is delighted to be without any direct competition locally.
The restaurant is capable of serving 70 covers internally, with a further 10 covers outside in front of the establishment. The premises are fully fitted, with top quality traditional furniture and fixtures including an integrated music system ensuring a welcoming atmosphere and a memorable dining experience. Upstairs the restaurant boasts a working Pizza Bar with ovens and all food preparation being in-front of guests. A fully fitted Kitchen is also located on the lower floor and supports the Pizza Bar ansd Restaurant. The premises hold all the relevant licenses and are located on a busy high street, just south of the river in Central London.
Regular feedback from customers make it evident that the restaurant is widely regarded, all occasions are catered for including business, corporate conference lunches, birthdays, anniversaries and many other celebrations.
This truly is a remarkable opportunity for the right person to take advantage of a profitable business with an excellent reputation situated in a prime location wishing to achieve a head start in the highly lucrative world of restaurant dining.
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| Year
Business was Established: 1992 |
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| Number of Employees:
5FT/2PT |
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| Facilities / Terms of Lease:
The premises are leasehold, with 3 years remaining on a 20 year lease, which should be easily extended or renewed.
Located on a busy High Street, the business operates over two floors. The ground-floor, of circa 800 sq ft., has dinning room for 70 covers, with a well finished manned Pizza Bar central in the restaurant. Outside there is a patio area at the front of the building, with seating for 10 customers. Downstairs are located male and female W.C. facilities for guests. Alongside there is a staff area, walk-in chillier, kitchen, storage room and office area.
Annual rent is charged at £17,900 with rates charged additionally at £6,000. |
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| Potential
Growth/Expansion:
N.A. |
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| Competition:
Much of the business’s revenue is a result of word of mouth recommendations and repeat business bearing strong testimony to the excellent reputation enjoyed by the business. In addition this business currently advertises through local press. The user friendly website also allows customers to access more information regarding menu selection, wine and location of the restaurant. |
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| Owner
willing to train:
The current owners will provide all necessary training and handover to ensure a smooth transfer of the business to new owners. |
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| Reason for selling:
After a lifetime in the food service industry, and 15 successful years building this restaurant, the vendor is wishing to enjoy semi-retirement, and concentrate on his property portfolio. |
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Seller Reference Number: AC229
BusinessMart.com Listing Number: 70402 |
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