Restaurants for sale in Llantwit Major

View the "Beautiful Italian Restaurant in Idyllic Location" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Beautiful Italian Restaurant in Idyllic Location

Llantwit Major, South Glamorgan, Wales

  • Leasehold Price: £120,000  Price Reduced arrow_drop_down
  • Turnover: £300,000
Seller Reference: B04975
Request DetailsEmail email
Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
Image 1 of 13 video_library
Seller Reference: B04975
Request Details
Business Description
Business
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Il Vesuvio Italian Restaurant which is a well-established business with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

Il Vesuvio Italian Restaurant was founded by the current owners in 2004 after they identified a gap in the market.

The business has been a real labour of love for them and it has flourished under their ownership. Alas the business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to take a well-earned retirement and spend more time in Italy.

They are keen to see their beloved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Il Vesuvio Italian Restaurant as the name suggests is a family run restaurant dedicated to providing the finest food at incredible prices. Their menu boasts a variety of sensational dishes built around fresh produce and ingredients and has customers returning on a regular basis.

The business offers an extensive menu including;
• Aperitivo Pre-drinks
• Antipasti. Starters
• Pasta
• Pizza (including create your own)
• Fish and Meat
• Contorni. Side Orders
• Soft drinks
• Alcoholic drinks
• Wine
• Desserts


The business has an impressive number of regular customers many of whom are known on a first name basis by the owners who are popular and well-respected members of the local community. The business is also popular with students studying at the nearby colleges.

The sale will include the company website (Ilvesuviorestaurant.co.uk) and Facebook page and the business enjoys great visibility on the internet via sites such as Tripadvisor www.yell.com www.thomsonlocal.co.uk, www.yelp.com etc.

Scope to Improve
1. Advertising and marketing campaign
2. Extend the opening hours
3. Explore online offerings from the likes of Just Eat and Hungry House


Reasons to Buy
1. A well-established business with an enviable reputation and many existing customers
2. All fixtures and fittings included making this a real Turnkey business opportunity
3. Ideal owner managed or partnership business
4. Current owners happy to offer a handover to ensure the continued success
5. Includes a 2-bedroom apartment within the lease which is ideal as owner’s accommodation or offers subletting potential
6. Little or no competition locally
7. Loads of free parking nearby
8. Offers a new owner the chance to live and work in the beautiful and sought-after town of Llantwit Major.


Hilton Smythe highly advise early viewing to avoid disappointment.

This lovely little business is likely to attract considerable interest.

Location
Il Vesuvio Italian Restaurant is located in Llantwit Major in the Vale of Glamorgan, Wales.

Llantwit Major is a town and community in Wales. Situated on the Bristol Channel Coast, it is one of four towns in the Vale of Glamorgan with the third largest population (13,366 in 2001) after Barry and Penarth, and ahead of Cowbridge. Llantwit Major is 4 ½ miles from Cowbridge, 9 miles from Bridgend, 10 miles from Barry and 15 miles from Cardiff.

Llantwit Major is intentionally unassuming, and the town exudes history. In the maze of narrow streets can be discovered independent shops, friendly cafes and a cluster of historical inns dating from the 12th century.

A short drive or gentle stroll takes you to Llantwit Majors beach, Cwm Colhuw, where there is a café, great rock pools and easy access to the West Coast Path.

Il Vesuvio Italian Restaurant is situated in an unusually busy and vibrant shopping centre alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade. The business is beautifully presented and fastidiously maintained with clear visible signage and distinctive livery.

There is a large carpark just a couple of minutes walk which offers free parking.

Premises
Il Vesuvio occupies a generous, end terraced retail unit dating from the mid 1980’s. The business premises are immaculately presented and fastidiously maintained and briefly comprise;

Restaurant (front)

Dual aspect with windows to front and side which creates a lovely, bright and inviting interior, cleverly designed to maximise the space available.

Tiled floor, L-shaped bespoke bar with bleached tongue and groove panelling to front and sides and complimentary wooden worktop, white and chrome bar stools.
Visacream Coffee machine which has been fully serviced and in perfect working order, coffee grinder, two glass fronted drinks chillers.


Wooden tables with trendy modern chairs currently providing 36 covers, window blinds, feature black coloured glass chandeliers, freestanding wooden display cabinet with open shelving.

Cellar
Accessed via a door to the rear of the bar.


Restaurant (rear)
There is a further generous restaurant alongside the other, this one has a different feel to it, upmarket and ideal for intimate dining, dual aspect with windows to each side, lovely wooden effect flooring, wooden tables with high back, leather effect chairs providing 36 covers.


Kitchen
A comprehensively equipped catering kitchen, generously proportioned and lovely and bright, tiled floor and walls, window to rear.


• 5 compartment stainless steel fridge,
• Sharp microwave,
• Full extraction system with stainless steel canopy,
• 12 burner range,
• Double Salamander grill,
• Two 3 compartment Polar fridges,
• Stainless steel preparation tables,
• Perimeter shelving,
• Handwash basin with paper towel dispenser.


Inner Hallway
With tiled floor and freestanding shelving unit.


Wash Up Area
Generously proportioned, window to side and tiled floor.
• Twin stainless steel sinks,
• Stainless steel dishwasher,
• Preparation tables, Bush Freezer,
• Bush Washing Machine,
• Polar stainless-steel freezer,
• Polar double door fridge,
• Stainless steel preparation tables.


Living accommodation
Also included in the lease is a good sized 2-bedroom apartment with a kitchen, lounge and bathroom.


At the time of instruction this apartment was in the process of being fully refurbished at some considerable cost to the current owners.

Flat newly renovated and is being advertised on Airbnb

airbnb.co.uk/rooms/29848873?source_impression_id=p3_1575455281_RKoE%2FJFPclB1V7OO

The current owners have renovated the living accomodation to a very high standard and are now offer it as an Air bnb which it is anticipated will command rents of £120 per night.

Tenure
We are advised that Il Vesuvio Italian Restaurant is being sold as a Leasehold business opportunity.

The existing lease is currently arranged on a three-monthly rolling basis, but we are assured that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The rent is £12,000 per annum which is incredibly reasonable given the size and location of the premises and the fact that there is a two bedroom flat included within the lease.

We are advised that the business rates payable are approximately £5,600 per annum.

Hours
Monday to Saturday 10.30-14.30 & 17.30-22.30
Sunday 17.30-21.30


Staff
The business is run and managed by our clients, a husband and wife team, with the help of four full time and four part time members of staff.

Financial Profile
Il Vesuvio Italian Restaurant generates an advised current turnover of circa £300,000 per annum but it needs to be appreciated that the business is currently being run at a pace to suit.

Tenure:
Leasehold
Listed by:
Request Details

Find out more about this business opportunity.

* REQUIRED

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder imageloder image