Freehold Option Available
Hilton Smythe is delighted to introduce to the market Livio’s Italian Restaurant. This popular Italian restaurant was originally founded by our clients in 2000 and reports a yearly turnover of £160,000 with reported gross profit at 65%.
The restaurant serves freshly prepared authentic cuisine in stylish surroundings. The restaurant is licensed and boasts 60 covers. The business is very well supported by the local community seeing much repeat trade and has excellent reviews on Trip advisor, renowned for the excellent quality of dishes and friendly customer service.
Revenue could easily be increased by extending opening hours, as the business currently only opens 4 days a week at a pace to suit our clients due to their impending retirement.
Additionally, the business offers a beautifully styled owner’s accommodation with 3/4 bedrooms and large garden, ideal for a family.
This is a well-established business opportunity with the potential to further develop if required.
The business is located in the historical wool making town of Shepshed in Leicestershire.
Livio’s Italian Restaurant occupies a prominent corner position at the end of a popular retail parade just off the town centre and within a busy residential area of the town.
Shepshed is easily accessible from junction 23 off the M1 motorway and is close to the neighbouring towns and villages of Loughborough, Kegworth, Belton and Castle Donington. The nearest railway station is at Loughborough around 5 miles away. The town has a population of around 14,000.
Double fronted corner premise briefly comprising:-
Good clear signage to frontage.
Large 60 cover restaurant with quality furnishings throughout.
Licenced bar: bottled beers, and gas pump, optics and sink.
Service area with: small chiller, upright chiller, coffee machine and coffee grinder
Seating area adjacent to bar with seating for circa 11 guests, music system and feature fireplace.
Ladies and Gentleman’s toilet facilities.
Back door leading to rear garden with terraced seating area.
Outbuilding – used as sewing room with light and heat (could be used for private functions)
Commercial grade kitchen housing:-upright fridge, 2 door hot cupboard, 2 stainless steel work counters, 2 four burner cookers, grill, small fridge, extraction system, stainless steel preparation table, fridge freezer, meat slicer and hand-wash.
Pot-wash area with 2 bowl commercial sink and 1 bowl commercial sink.
Fridge/freezer room with upright fridge/freezer, upright fridge, upright freezer and shelving area and 2 microwaves.
Staff toilet facilities.
Utility room with washing machine and Dryer.
To the first floor is the living accommodation briefly comprising:-
Large bathroom with separate shower cubicle, lounge with original fireplace, large kitchen with modern units, with patio doors leading out to large roof terrace, 2 double bedrooms. master bedroom with walk in wardrobe and en-suite shower room and office/study.
Street frontage with pedestrian side gate into rear garden with patio/terrace seating area, lawn and rear storage shed.
We are advised leasehold with a new lease to be negotiated, with rent at £19,000 per annum.
A freehold option is also available.
The restaurant opens:-
Monday, Tuesday and Wednesday – Closed
Thursday, Friday and Saturday 7.00pm – 10.00pm (last orders)
Sunday 12 midday- 2.30pm.
The business is owner run and managed with the assistance of 2 chefs.
The wages bill is currently £34,000 per annum.
The business reports a healthy turnover of £160,000 with gross profit at 65%.
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