Restaurants for sale in East Yorkshire

View the "Popular Authentic Italian Restaurant" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Leasehold Price: £265,000 Price Reduced Annual Turnover: £600,242 Annual Gross Profit: £281,061
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Business Description
BUSINESS
Hilton Smythe is delighted to introduce to the market this truly authentic Italian restaurant which has an outstanding reputation and is very well known in the area, being at the heart of the community.

With over 30 years’ experience in the industry our client founded the business in 2008 and has seen fantastic growth over the years being very well supported by local residents and from clients traveling from further afield.  According to the accounts ending September 2015, the business reports a phenomenal turnover of £600,250 per annum with a gross profit of circa 47%.

The restaurant is immaculately presented with a high standard of equipment and capacity for up to 100 covers.  The restaurant serves a wide range of traditional Italian dishes of exceptional quality using only the freshest produce.  Alongside the professional and friendly service the business entices clients back time after time, from couples dining to larger groups celebrating special occasions.

The business has an informative website in situ.  Although clearly hugely successful, we believe profit could be increased further by offering a take away menu and delivery service or extending opening hours to later in the evening.

We urge early viewing of this outstanding business venture in this most desirable location, which genuinely comes to the market as our client wishes to downsize.

LOCATION
The business is located in the East Riding of Yorkshire

The business occupies a prominent corner position within one of the main retail high streets in this bustling town centre.  The restaurant is close to local amenities.  The business has excellent passing footfall.

PREMISES
Prominent and spacious corner premise briefly comprising:-

Well-presented traditional painted frontage with good signage and multiple arched windows.

Main entrance to open plan spacious restaurant for up to 100 covers. Ample natural light illuminates the main dining area with simple stylish décor.  The main restaurant area has a combination of 2 and 4 seater tables as well as seating for larger groups.

The right hand side of the restaurant serves as the function area and is normally used for large groups and parties. A disabled toilet and access to the small ground floor cellar are also here.

Bar area with down lighting and ample shelving behind displaying drinks and glassware.

Behind the main serving area and bar, leads to the kitchen with a serving area to the left of the bar.

The commercial grade L shaped kitchen is fitted with expensive equipment with storage to the rear and external access.

There are male and female toilets

Fully equipped kitchen including new pizza oven, 2 cookers with hobs, 3 fridges, 2 chest freezers, 2 upright fridges and an upright freezer, coffee machine, all general crockery, cutlery and utensils, tables, chairs, bar fittings and fixtures. The dishwasher and glass washer are leased.

TENURE
We are advised leasehold

The original lease length is 10 years

Rent is £20,500 per annum.

HOURS
The restaurant opens:-

Monday to Thursday 12noon – 9.00pm

Friday and Saturday 12noon – 10.00pm

Sunday 12noon – 9.00pm

STAFF
The business is owner run and managed with the assistance of 16 members of staff.

FINANCIAL PROFILE
According to the accounts ending September 2015, the business reports a phenomenal turnover of £600,250 per annum with a gross profit of circa 47%.


Tenure: Leasehold

Listed by: Hilton Smythe
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