Italian Restaurants for sale in Suffolk

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Stunning Authentic Italian Restaurant Prominent Town Centre location

Suffolk, England

  • Leasehold Price: £110,000
  • Annual Turnover: £190,000
  • Annual Net Profit: £42,000
Seller Reference: AC362
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Business Description
 
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Seller Reference: AC362
Request Details
Business Description
This business has operated as an authentic Southern Italian restaurant on this very prominent, high street location for 3 years and was purchased by the vendor with the intention of creating a vibrant, addition to this town in the heart of Suffolk, serving a delicious range of Southern Italian dishes which have received excellent reviews.

The Italian owner carried out a stunning refurbishment of the premises to transform the building into a delightful and unique restaurant.

Since refurbishment of this period building to a high spec kitchen and chic dining area décor, the restaurant has been busy since day one and has proved to be extremely popular with local residents who enjoy the atmosphere and high quality food on offer.

The menu is made up of traditional Italian dishes, including a very popular range of pizza, pasta, meat and fish dishes with a varied selection of starters and side dishes. The restaurant is fully licensed.

The owner has produced a truly amazing drinks menu with a phenomenal range of handcrafted gins, as well as other spirits, wines and beers.

The business does not rely upon seasonal custom but rather, takes advantage of this discrete town’s busy commercial and residential population, which has led to consistent non-seasonal trading.

Due to its desirable setting the restaurant enjoys high levels of awareness and footfall. The unique atmosphere results in high levels of repeat business and strong word of mouth recommendation, bearing testimony to the excellent reputation its dining experience throughout the area.

The premises has 38 covers indoors situated on the ground floor. The kitchen is fully fitted with a pizza oven. There is a suitable storage area, prep room, and dry store. Rent is approximately £19,800 per annum.

There is currently 1 full-time chef, 2 front of house, together with a part-time dish-washer during busier periods.
Trading hours:
The restaurant is open from Tuesday to Saturday evening with a lunch service on Friday and Saturday
Number of employees:
04
Tenure:
Leasehold
Competition:
The premises are a sensitively refurbished period building in a market town of similar architecture and situated among other busy and prosperous businesses. The premises has 38 covers indoors and potential to expand this with a further 20 covers
Support and Training:
The vendor is happy to support the new owner to ensure a smooth handover.
Location Details:
The premises are a sensitively refurbished period building in a market town of similar architecture and situated among other busy and prosperous businesses. The premises has 38 covers indoors and potential to expand this with a further 20 covers in the basement. There is also potential to expand the property to the rear to create further covers or an alfresco dining experience. The kitchen is fully fitted with a pizza oven. There is a suitable storage area, prep room, and dry store. Rent & rate
Leasehold Term:
Rent & rates (100% relief) are approx. £12,000 per annum. The premises are leasehold with 10 years remaining.
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