Leasehold Italian Restaurant in Poole with accommodation
Price:
Leasehold - £49,000
Business Type:
Food Service Businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £50,000 pa (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Italian Cuisine.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Italian Restaurant which has been established since 1996. The business has been in the hands of the current owner since 2011 and he now wishes to sell due to the breakdown of his relationship with his wife and business partner.
Services
This very good business opportunity provides Italian Cuisine.
Staffing
The concern employs 2 part time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business with leaflet drops to local residential areas and via Groupon and Magicard.
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Competition
As far as competition is concerned there are 3 other similar businesses in the area.
Market
The client base is mainly from the local and highly populated residential area.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Sunday trading.
• Becoming more efficient with staffing levels.
• Working with a business partner and saving on wages.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
- Situated in the Parkstone area of Poole in Dorset.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A35, A31, A3049 and A338.
- Poole town center, Bournemouth and Christchurch all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
The original length of the lease was 15 years with 5 years remaining. The rent is £10,000 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £1,500
Monday to Saturday: 12.00pm – 2.30pm then 6.00pm – 10.30pm
Sunday: Closed
On the first floor there is a self contained 2 bedroom flat
North Yorkshire
£ 750,000
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Business Services that may be of Interest:
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