Prominently sited & est Italian restaurant with 45 covers

Price:

Leasehold - £59,950

Turnover:

Seller Ref:

9606NR

Location:

Norfolk

Business Type:

Food Service Businesses

See Other:

Restaurants for sale in Norfolk
Food service businesses for sale in Norfolk

Description:

THE BUSINESS:

HISTORY

• Established by vendor in 1992
• Excellent reputation locally for individual and traditional Italian cuisine
• Expansion into adjoining building providing additional capacity
• Maintained to a high standard throughout period of ownership

PRODUCTS

• Full range of Italian starters, main courses and desserts
• Specialist in pizzas and pasta dishes
• Daily specials board
• Extensive Italian wine list

CUSTOMERS

• Regular repeat customer base
• Office trade
• Day trippers and shoppers
• Mix of commercial and individual trade
• Students

SUPPLIERS

• Wholesalers specialising in supply of Italian ingredients
• Wine merchants

STRENGTHS

• Superb location
• Established repeat customer base
• Accommodation available if required
• Limited competition locally with no other individual Italian restaurants close by
• Busy trading thoroughfare with good residential and commercial mix with other restaurants and bars

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Location Details:

LOCATION • Prominently positioned in busy Norwich trading thoroughfare • Unrestricted evening parking with public car parks close by • A few minutes’ walk from the historic city centre attracting tourists and businesses

Lease Terms:

• Lease terms to be negotiated with incoming rent to be £12,000 per annum in year one, rising to a commercial rental of £20,000 per annum in year 2 Rent: £12,000 per annum Rates: £2,360 per annum

Trading Hours:

• Mon to Fri: 8.30am to 5pm