Restaurants for sale in Solihull

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Leasehold Italian Restaurant Located In Solihull

Solihull, West Midlands, England

  • Leasehold Price: £74,950 plus SAV  Price Reduced arrow_drop_down
Seller Reference: 2470
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Business Description
 
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Seller Reference: 2470
Request Details
Business Description
Leasehold Award Wining Italian Restaurant Located In Dickens Heath
TripAdvisor 4.5* Certificate of Excellence 2016 - 2019 Winner
Licensed A3 Consent
Ref 2470

Location
Veritas Business Sales are delighted to offer for sale this respected Italian Restaurant which is located within a prominent and highly visible trading position on Main Street in Dickens Heath. The village is a prosperous and expanding, residential, commercial and retail area within the borough of Solihull and offers plenty of natural footfall, passing trade and easy access to the M42 and M40 motorway networks.

Asking Price £74,950 plus SAV (£4,000)

Business Description
Veritas Business sales offer to the market this outstanding Italian Restaurant which is located in Dickens Heath. The business was established back in 2005 by our client and has been in his careful hands ever since. Reluctantly the business is now being offered for sale so that he can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Giovanni’s is owner operated by a husband & wife team and employs the help of 3 full time & 4 part time members of staff and posted an annual turnover for year ending 31st May 2019 of £333,047 with a GP of £222,957 (67%). The menu offers a fine range of authentic Italian cuisine, to include a la carte, daily specials and on Sundays you have a traditional English roast dinner. All can be accompanied with some fine wines and enjoyed within the cosy (50) cover restaurant. The restaurant has built a reputation where all meals are freshly cooked to order using only the finest high quality produce. We believe that there is further potential to increase revenue should you wish, by extending the current opening times and maybe joining the on line portals such as Just Eat or Deliveroo to offer delivery takeaways. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed. 

Opening Hours
Monday – 6.00pm – 9.00pm
Tuesday – Saturday – 12.00pm – 2.00pm – 6.00pm – 10.00pm
Sunday – 12.00pm –4.00pm

Leasehold
Term: 21 years
Remaining: 6 years
Rent: £21,600 plus vat pa
Service Charge: £4,080 plus vat pa
Business Rates: zero

Ground Floor
Vestibule entrance porch. Restaurant comprising: customer seating area, tables & chairs to cover (50), upright wine fridge, cutlery cupboard, bar area with espresso coffee machine (Fracino), coffee grinder (Fracino), glass washer, stainless steel wash basin, 3 door bottle fridge (Infrico), ice machine (Polar), sales till, storage shelving for glasses and wall mounted storage shelving. Commercial kitchen comprising: bread freezer (polar), condiments fridge, condiments/cutlery cupboard, saladette with 2 door under counter fridge (Williams), ice cream freezer (Blizzard), sweet fridge (Williams), wall mounted metal shelving, 2 microwaves (Samsung), stainless steel worktop, stainless steel double sink, stainless steel sink with directional hose, dishwasher, stainless steel worktop with commercial can opener, pasta fridge (Tefcold), dual deep fat fryer (Elframo), eye level grill (Falcon), fish fridge (Kenwood), meat fridge, hot cupboard & pass, walk-in cold room with metal storage racking, extraction canopy, 6 burner range (Turbfan), 6 burner range (American range) and rear exit door. Staff W/C with wash basin & chemical stores. Hallway with electric cupboard, metal storage racking and laundry stores. Ladies 2 x W/C with 2 x wash basins, wall mounted hand dryer & wall mounted soap dispenser. Gents/disabled W/C with wash basin, wall mounted soap dispenser, wall mounted hand dryer and wall mounted paper towel holder.

First Floor
Office area with metal storage racking, floor safe, CCTV monitor, chest freezer and ample area for storage.

External
Rear service road. Ample customer parking to the frontage and rear.

EPC Rating C
The restaurant benefits from air-conditioning, hot air blower heating, CCTV 3 camera system and an intruder alarm.
Tenure:
Leasehold
Listed by:
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