Restaurants for sale in Solihull

View the "Well Established Italian Restaurant With Enviable Reputation" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 We found a buyer within the first week of advertising with you. 

Mrs Herbert (Nov 2017)
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Leasehold Price: £99,999 Turnover: £200,000
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Business Description
Business
Hilton Smythe welcomes to the market, Pavarotti Italian Restaurant.

Pavarotti Italian Restaurant was founded approximately 18 years ago, and the current owner has run it successfully and lucratively for the last 10 years or so.

The business is now being sold albeit reluctantly only so the owner can take a well-earned retirement, he is keen to see his well-loved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Pavarotti Italian Restaurant is one of the finest Italian Restaurants in Solihull and Birmingham and whether their customers are planning an intimate meal for two, hosting a celebration or a business lunch the business prides itself on providing the highest possible standards of customer care whatever the occasion.

The business is passionate and proud of their authentic traditional as well as contemporary Italian foods and offers an extensive range of menus such as,

• Antipasti
• A la carte
• Speciality
• Dessert
• Wine list

The menus feature all the most popular Italian dishes which the business believes makes Pavarotti Italian Restaurant the destination of choice.

The Sale Will Include,

• Quality website (pavarottiitalianrestaurant.com)
• Facebook page with 543 likes
• Great visibility on the internet with fantastic reviews

The business has an impressive number of regular customers many of whom are known on a first name basis by the current owner who is a popular and well-respected member of the local community.

Scope to Improve:

• Advertising and marketing campaign
• Explore the feasibility of having outside seating to the front of the business
• Update the existing website perhaps with an online booking facility
• Increase the prices, not been done for some time
• Extend the opening hours
• Explore online discounters such as Groupon and Wowcher

Reasons to Buy:

• A well-established business with an enviable reputation and many existing customers
• Perfect trading position at the newly refurbished ice rink
• A real opportunity to increase turnover significantly, current owner been running at a pace to suit
• Current owner happy to offer a handover to ensure the continued success
• Ideal owner managed or husband and wife business
• Priced to sell

Location
Pavarotti Italian Restaurant is located in Solihull in the West Midlands.

Solihull is a large town in the West Midlands with a population of 206,700 at the 2011 census.

Historically in Warwickshire it is now a part of the West Midlands Conurbation.

Solihull is the most affluent town in the West Midlands and one of the most affluent areas in the UK outside of London.

In November 2013 the uSwitch Quality of Life index name Solihull the “best place to live” in the United Kingdom.

Several main roads pass through Solihull including the A41 Birmingham to Warwick road and the A34 Birmingham to Stratford Road.

The M42 and M40 both pass through Solihull and provided very rapid links to Oxford and London and to the rest of the motorway network surrounding the West Midlands.

Birmingham Airport is Located in Solihull.

The recently refurbished ice rink on Hob’s Moat Road is home to Solihull’s ice hockey teams, the Solihull Barons, Solihull Viking’s, a junior ice hockey team, the Mohawks ice racing club as well as ice dance and figure skating clubs. Above the ice rink is a Riley’s snooker club, to the front of the ice rink is Pavarotti Italian Restaurant.

Pavarotti Italian Restaurant is perfectly situated to the front of the newly renovated ice rink in a main road position and as such benefits from high levels of footfall and passing trade.

The business is beautifully presented and maintained with clear visible signage and distinctive livery.

There is car parking in the ice rink car park which is free to customers visiting the business provided they remember to enter their car registration details on the tablet which is placed on the bar of the business.

Normally a fee would be charged for using the car park.

Premises
Pavarotti Italian Restaurant occupies the ground floor of a purpose-built shop unit and briefly comprises,

Restaurant

• Floor to ceiling windows
• Glazed double doors to front creating a light, airy and inviting interior
• generously proportioned and beautifully presented with a real “upmarket” feel
• Tiled floor
• High ceilings which enhance the feeling of space further
• Bespoke bar with brushed aluminium detailing to front and marble effect worktops
• High stools to front
• Mirrored splash backs
• Expensive looking floating shelves
• Built in wine storage
• Gaggia coffee machine
• Cutlery storage
• Leather effect dining chairs
• Quality tables with marble and glass tops providing 80 covers currently but room for more
• Feature multi arm pendant lighting
• Specially commissioned wall graphics

Open Plan Kitchen

• Comprehensively equipped catering kitchen open to restaurant
• Bespoke, circular counter to front with marble effect worktop
• Pizza oven
• Stainless steel splashbacks
• Full extraction system with stainless steel canopy
• 8 burner cooker with oven beneath
• Blue Seal griddle
• Twin basket commercial fryer
• Microwave oven
• Stainless steel preparation tables
• Three compartment fridge with stainless steel top,
• 8 pot salad bar
• Stainless steel perimeter shelving
• Stainless steel hand wash basin

Wash Up Area

• To the rear of the open plan kitchen is a generous wash up area
• Walk in freezer that is currently used for storage but could be re gassed to reinstate
• Stainless steel sink and drainer
• Aquatec Commercial dish washer
• Stainless steel preparation tables
• Perimeter shelving
• Chest freezer
• Stainless steel hand wash basin
• Soap and paper towel dispenser
Walk in Store

There is a useful walk-in store with perimeter shelving and floor storage space

Walk in Chiller

With shelves to each side and floor storage space.

Staff Room

Could also be used as an office if required, seating for staff and perimeter shelving and space for cupboards.

Staff WC

close coupled toilet and hand wash basin.

Tenure
We are advised that the business is being sold as a Leasehold business opportunity.

The existing lease expires in July 2018, but we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The rent is a reasonable £30,000 per annum.

We are advised that the business rates payable approximately £14,000 per annum.

Hours
Monday to Thursday 5.30 pm - 10.00 pm
Friday and Saturday 5.30 pm - 11.00 pm
Sunday 2.00 pm – 9.00 pm

Staff
The business is run and managed by our client with the help of 6 full time and 5-part time members of staff.

Financial Profile
Pavarotti Italian Restaurant generates an advised current turnover of approximately £200,000 per annum but it needs to be stressed that the business has been run at a pace to suit for the last year or so and the business enjoyed much higher turnover previously.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04229
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