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Fully Licenced Italian Restaurant - Liverpool

Liverpool, Merseyside, England

  • Leasehold Price: £175,000  Price Reduced arrow_drop_down
  • Annual Turnover: £297,471
  • Annual Gross Profit: £176,696
Seller Reference: 6744
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Business Description
 
 
 
 
 
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Seller Reference: 6744
Request Details
Business Description
Prominent High Street Trading Location
Annual Turnover year ending 31st May 2019 £297,471
Gross Profit £176,696
Financial Information Available After Viewing
Seating For 120
Run under management
5 Star Food Hygiene Rating
Fantastic Online Reviews
Immaculately Presented Throughout
Close To University & Unity Theatre
Could Accommodate Any Cuisine
EPC - D
REF 6744 – Leasehold Fully Licenced Italian Restaurant

Blacks Brokers are pleased to bring to the market this leasehold fully licenced Italian restaurant located in a bustling area of Liverpool City Centre, Merseyside.

INTRODUCTION

Cucina Italiana has been trading on Hardman Street since June 2018 when our client took ownership – the restaurant was previously serving French cuisine for eleven years. The business is well known and has an excellent reputation in the area with a large base of regular customers in addition to plenty of passing trade from this busy area. Superb online reviews are noted on Trip Advisor, Google, Facebook and Groupon.

LOCATION

The business is positioned on a main road in the centre of Liverpool close to the Royal Liverpool Philharmonic, The Unity Theatre and The University of Liverpool. The area is well linked by the M62 with good public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is seventeen years and began in 2018 at a cost of £920 per week.

BUILDING LAYOUT AND DESIGN

Cucina Italiana operates from the ground floor of three spacious mid terraced properties within a busy parade of shops. The business is well branded with large signage displayed above a fully glazed triple frontage. Inside, the restaurant is presented beautifully, with wooden flooring throughout, free standing tables and chairs offering seating for 120 and a light, airy feel. The bar is positioned to the rear of the restaurant with fully equipped professional catering kitchen to the rear. There are also ladies, gents and disabled toilet facilities.

STAFF

The business is currently operating with eleven members of staff in employment. Our clients do not have a hands on role in the running of the business.

FINANCIAL DETAILS

Cucina Italiana has traded well during its first year of trade. The business has only been trading since June 2018 - the turnover for the year ending 31st May 2019 is £297,471 with a gross profit £176,996. Full financial details are available after viewing.

BUSINESS RATES

The business has a rateable value of £17,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position in the centre of Liverpool. Our client has secured a large base of regular customers. There is plenty of scope to develop the business further with a strong marketing drive and new online presence with booking system. New opening hours to include breakfasts and later nights could also be beneficial – late licence may be required to implement this. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Kitchen

Prodis E80 Dishwasher

Parry 6 Burner Hob & Oven x 2

Fimar Chargrill

Panasonic Pro2 Commercial Microwave x 2

Single Basket Fryer

Foster Stand Up Fridge x 2

Blizzard 2 Door Fridge

Blizzard 6 Door Fridge

Stainless Steel Worktops - 2 Small; 1 Medium; 3 Large

Stainless Steel Tray Rack

Stainless Steel Wall Mounted Shelving x 5

Stainless Steel Worktop Mounted Shelving

Pizza Oven

Pizza Fridge

Cutlery; Crockery & Glassware

Furniture

All Tables & Chairs

Wooden Host Stand

Wooden 6 Drawer Wheeled Side Board x 2

Baby Changing Unit

Bar Equipment

Magister 2 Group Coffee Machine

Mondial Stand Up Fridge

Prodis Double Bar Fridge x 2

Omniwash Glass Wash Machine

Stainless Steel Bar Shelving Units x 2

Iber Coffee Grinder

Hoshizaki Ice Machine

Stainless Steel Sink

Cocktail Equipment

IT/Office Equipment

ClientPos Touch Screen Tills x 3

SN3C Receipt/Ticket Printer x 2

ASOS PC

AOC Monitor

Lenovo PC & Keyboard

Brother DCP Printer

QUIS CCTV System

Chubb CCTV Monitor

Draytek Vigor 2860 Router

Ingenico PDQ Consoles

Intruder Alarms

Gigaset Telephone Consoles

Omega 200 Safe
Trading hours:
MON - SUN: 16:00 - 22:00
Tenure:
Leasehold
Location Details:
Liverpool
Leasehold Term:
£920 Per Week
Listed by:
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