Italian Restaurants for sale in Crewe

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Italian Restaurant established for over 30 years

Crewe, Cheshire East, England

  • Leasehold Price: £85,000 OIRO
  • Annual Turnover: £380,000
Seller Reference: PAX0200797040
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: PAX0200797040
Request Details
Business Description
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:
Monday-Friday:
12pm-2.30pm (last orders 2pm)
5pm-11pm (last orders 9:30pm)
Saturday:
12pm-11pm (last orders 9:30pm)
Sunday:
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):
2018 £323527
2017 £321783
2016 £300265

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.
Tenure:
Leasehold
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