City Business Brokers are please to bring to the market this popular licensed Italian restaurant. Located in a pretty market town and with excellent reviews and a regular clientele, it is focused on providing fine dining in a friendly ambience.
There has been a restaurant on the premises for over 20 years, the current owner taking over 5 years ago. With a recent change in circumstances it is time to pass on to new ownership.
The restaurant is an attractively-fronted, single-storey premises, with spacious seating for 45 covers, close to the town centre with on-street parking outside and kitchen and customer toilets to the rear. There is a spacious kitchen with plenty of storage, gas hob, full extraction system, ovens, fridges, freezers ready to trade.
Current turnover of the business is c/a 150K pa. The restaurant is open five days a week at lunch time and in the evening. Marketing is through word of mouth and from the restaurant’s website.
It has 12 years remaining on the lease. Rates are £690 per month with rent at £1702 per month including insurance.
The owner is the chef and occasional front of house and is supported by two employees.
This business would suit a chef or owner-operator who can drive the business forward with additional marketing and opening hours.
The business is offered with all fixtures and fittings ready to trade (full list available on viewing). Offers are invited for the company to include all assets and goodwill on a cash-free, debt-free basis.
Leasehold Term: 12 years remaining.
12 years remaining.