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Business for sale in United Kingdom - Ac281-stunning italian restaurant and wine bar 97 covers-wetherby area, yorkshire

Asking Price: 80,000 £ Real Estate: Lease
Business for sale – Ac281-stunning italian restaurant and wine bar 97 covers-wetherby area, yorkshire
Sales Revenue: 287,000 £
Net Profit: 1 £
Year Established: 2003
Employees: 4FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of York/Wetherby Area, Yorkshire

Business types:

Accommodation & Food services

Business categories:

Other Accommodation & Food Services ; Restaurants

Business description

this is an excellent opportunity to acquire a well run, established fully licensed italian restaurant in an affluent area situated on a busy high street location close by to wetherby in yorkshire. Trading since 2003 the restaurant has a regular repeat customer base serving freshly made italian cuisine with an extensive menu of pastas, pizzas and other italian specialities. They have an extensive range of wines, beers, lagers and spirits on offer. The restaurant is capable of serving 97 covers across two floors and is fully equipped with furniture and décor giving a warm and welcoming ambience to the restaurant. The leasehold premises have a number of different options. The main restaurant is on the lower ground floor and the ground floor houses the main bar area but could be run solely as a wine bar. The restaurant is on a busy high street and could be used during the day as a coffee bar/ panini and sandwich house. The premises also have spare rooms on the second floor which could be used as living accommodation for new owners. This is a well established italian restaurant which has tremendous potential for new owners. It has a great location and is fully furnished with a fully equipped kitchen and has the benefit of spare rooms and available space within the leasehold premises. An early viewing of this excellent restaurant opportunity is advised. Customer service: there is a small team of friendly staff who are considered to be a considerable asset to the business. They have built up a good reputation, mainly from word of mouth recommendations, offering high quality food from an extensive menu and great value for money key strengths: possibly the biggest strength of the restaurant is the location it occupies on a busy high street in an area with an affluent population, providing regular local customers and others coming from far and wide on reputation and recommendation. The consistent high standards that they offer have earned the excellent reputation which is vitally important in an industry that relies heavily on repeat business and word of mouth recommendations. Growth and expansion: new owners would be able to concentrate on the opportunities available as the restaurant is trading successfully at present. There is an immediate opportunity to take advantage of the daily passing footfall that the restaurant enjoys and adjust their opening hours accordingly. There is also the opportunity to open the restaurant on sundays. Equipment the restaurant has a fully functional commercial kitchen with pizza oven, grill, walk in fridge plus other equipment. All fixtures and fitting including table chairs, cutlery and glassware are included within the sale of the business. Employees: the business has three owners, one of which is the manager. There are four other full time employees with a chef, a pizza chef and two waiters. The restaurant has a number of part time locals who are used at busy periods.

Additional information

Additional information: Not Disclosed
Support & training: The owners would be happy to help with a smooth transfer of the business in any way possible.
Reasons for selling: The three owners would each like to go their own separate ways and believe this is a perfect time for new owners to take over this successful restaurant as everything is in place for the business to grow.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The lease expires in August 2010. The landlord is looking to renew the lease once again. Currently the lease is circa £19,500 per annum with rates circa £4,700 per annum.
Location: The leasehold premises are located in a busy high street nearby to Wetherby. The main restaurant is on the lower ground floor with 77 covers and a small bar area. The ground floor has covers for 20 with a large bar area and is generally used in the evenings as an overflow eating area but could be separated as a dedicated wine bar. The main kitchen is also located on the ground floor. Outside there is a small pavement area with room for two tables which could be used for morning coffees. The first floor has a preparation area, a staff room, office and storage area. The second floor could be used as living accommodation. It has a separate entrance to the main restaurant and has three rooms/ bedrooms, a bathroom and a living room. These are all currently being used as storage areas. The lease expires in August 2010. The landlord is looking to renew the lease once again. Currently the lease is circa £19,500 per annum with rates circa £4,700 per annum.

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