Bistros for sale in Stalybridge

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 We were searching for a retirement business opportunity and we found it on 

Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £95,000 Sale Agreed Annual Turnover: £95,000 Annual Net Profit: £15,000
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Business Description
This 65 cover family owned Italian restaurant in Stalybridge originally opened in 2003, before being extensively refurbished in 2013 to incorporate an architect-designed layout of new upholstered bespoke chairs, tub chairs, settees, quartz walls, banked seating and an open plan kitchen, surrounded by granite bar and serving counters with a feature point Woodstone pizza oven. The overall result is a level of superior fitting rarely found in independent restaurants of this size.

The licensed restaurant serves fresh food with an Italian twist, with everything cooked in the stone oven, including steaks, pasta and fish, cooked on unique red cedar boards imported from America.

The restaurant is located less than 5 minutes from Stalybridge station and hence benefits from commuter traffic, in addition to the Stalybridge, Tameside and Glossop catchment areas. Those exploring the nearby famous Ale trail provide additional custom.

The premises is owned by the vendor and will be available on a mutually agreed lease. The approximate dimensions are:
Restaurant: 55 sq metres
Kitchen (open &back): 35 sq metres
Bar Area: 26 sq metres
Toilets: 12 sq metres
Cellar: 220 sq metres
Car parking: approx 12 spaces.
The restaurant does have planning to nearly double the size of the restaurant, allowing future development opportunity.

The owner currently operates as the main chef and works the opening times, Tues – Sat 5:30 to 10pm and Sunday 4:30 pm to 9pm. In addition there are a couple of permanent part time staff, each working approx. 15 hours a week.
The business advertises via its own website and social media channels including Facebook, Twitter and Instagram and has a database of approx. 3,000 customers.

The restaurant is currently run to suit the lifestyle of the current owners, but development opportunities exist, including extending the opening hours to lunchtime and marketing for christenings, small weddings, funerals and corporate functions. There is also sufficient storage and production facilities to accommodate offering outside catering services.

Having established the business from new and owned for over 20 years, the vendor wishes to change career to better balance with family needs.

Annual turnover for the business is c £95k, generating a profit before owner drawings of c £15k. The current fixtures, fittings and equipment have a market value of c £80k. The guide price for assets and goodwill is £95k and the owner is willing to accommodate a reasonable period of handover if required.

Please do not contact the vendor directly but address enquiries to
Tenure: Leasehold

Leasehold Term: By arrangement with the vendor

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