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Business for sale in United Kingdom - Ac213-licensed italian bar and restaurant -120 covers

| Asking Price: | 100,000 £ | |
Real Estate: | Lease |
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| Sales Revenue: | 1 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 1979 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business description

this lively italian restaurant has been a favourite destination for those who love authentic italian cuisine, for past 30 years. Specialising in regional italian cuisine, the restaurant combines contemporary and rustic styles to create a truly unique dining has a very successful and has a strong client base that includes locals and tourists as well as corporate clients. This business offers customers an opportunity to spend time relishing a high quality italian food prepared in continental style to the highest standard that can be accompanied by the high quality wines from different continents which are held in stock. The restaurant’s modern kitchen enables the provision of consistently excellent quality food at competitive prices in comfortable surroundings. The restaurant has established an excellent amount of goodwill over the years amongst its customers, the majority of whom are successful business people and affluent professionals. The welcoming, comfortable and fully licensed, this bar and restaurant currently has seating for 120 covers. The restaurant benefits from a significant location in this affluent and established dining area in this busy location and has a prominent frontage that comprises of a large glass concertina frontage. The interior has a distinct high class feel. The business enjoys a prime location in an area that is currently experiencing year on year growth of tourism. The business' turnover benefits from its prominent position and by being one of the best italian restaurants in the area. This is also evidenced by the ever increasing volume of passing trade. This is truly a remarkable opportunity to achieve a constantly prospering business with an excellent reputation and ideal location to gain a good start in the lucrative world of bar and restaurant. Equipment: the business benefits with all the new kitchen appliances, restaurant items and electronic tills. Customer service: the business believes that its customers should experience a high level of customer service and has gained a reputation for being an excellent place to socialise, enjoy food and experience the ambience. The business retains its customers due to its fantastic personal service, easy parking and location, food that is competitively priced and of excellent quality, thus ensuring a regular clientele as well as high levels of trade from passers by. Key strengths: this is an outstanding opportunity to buy a well established business with a strong client base where the business has got a large bar and restaurant area and one of the most affluent locations. Growth and expansion: the current market for this type of business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs being situated in a vibrant area of great tourist interest. Key opportunities: this is an outstanding opportunity to build on the existing business and customer base of this company and also to grow existing services such as the outside catering. Keeping the bar opened throughout the day and year and focusing on advertising the new owner can take this business to a substantial height.
Additional information

| Additional information: | Not Disclosed |
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| Support & training: | Full support and training will be provided to the successful purchaser. |
| Reasons for selling: | A stage has been reached where the owner wishes to retire. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate

| Ownership: | no |
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| Lease: | yes |
| Lease terms: | The current rent is £18,500 and the rate payable is £5,500. |
| Location: | The business is located on a prime location. It is spread over two floors and has got the street entrance. The first floor has got a large bar area which can be used as a restaurant area as well and it also has office and restroom.. The second floor has got the commercial, impressive and well equipped kitchen with a further 80 covers for restaurants. The property is leasehold, lease is expiring in 2016. The rent is reviewed every five years. The current rent is £18,500 and the rate payable is £5,500. |
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