This is a well known and popular restaurant, situated in a prominent position close to the railway station with upcoming HS2 links. There is a sound commitment to Italian cuisine at an affordable price, with main dishes being kept below the £10 mark. The menu is regularly updated and two of the chefs have been employed since the original owner and founder.
With 100 covers, the interior has undergone a complete overhaul during the past few years; the upstairs has been opened out by the removal of an internal wall and there has been complete re-decoration throughout.
Current opening hours are:
12pm-2.30pm (last orders 2pm)
5pm-11pm (last orders 9:30pm)
12pm-11pm (last orders 9:30pm)
4pm-10pm (last orders 8:30pm)
There is further opportunity for expansion from Sunday lunch, takeaways, functions etc.
The business enjoys a 5* food hygiene rating.
The lease on the building (rent currently £20k pa) runs until June 2031, with break clauses in 2021 and 2026.
Turnover (net figures):
Tangible assets are shown in the accounts at around £25k.
Stock value, which is in addition to the acquisition price, is usually circa £5k.
The current owner has now decided to sell after 12 years due to other commitments.