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Business for sale in United Kingdom - Ac148 -italian restaurant

Asking Price: 135,000 £ Real Estate: Lease
Sales Revenue: 240,000 £
Net Profit: 50,000 £
Year Established: 1968
Employees: 2FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/London Borough of Hillingdon/London Borough of Hillingdon

Business types:

Retail

Business categories:

Restaurant

Business description

This lively Italian restaurant has been a favourite destination venue amongst those who love authentic Italian cuisine for the past 40 years. The licensed premises are well situated in an affluent area, and offer visitors a fine, relaxed and friendly atmosphere in which to dine, creating an atmosphere of ambience and is warm, welcoming and comfortable, all the right ingredients for a superb night out. The restaurant has built itself an impeccable reputation for good service, fine wines and Wholesome traditional Italian cuisine, utilizing only fresh ingredients and cooked to order on site, creating genuinely excellent fare at unrivalled value for money. From first glimpse at the extensive menu and wine list, it is evident that the regular clients are passionate lovers of fine food and wine. Clients are greeted by charismatic and relaxed waiting staff who make dining at this special culinary very memorable. Ideally situated and close to all transport amenities, the restaurant’s comfortable furnishings provide unrivalled dining pleasure for the connoisseur. The restaurant’s modern kitchen enables the provision of consistently excellent quality food at competitive prices in comfortable surroundings and has 60 covers serving fresh fish sourced locally. The restaurant has established an excellent amount of goodwill over the years amongst its customers, the majority of who are successful business people and affluent professionals. This business offers the purchaser a quality, proven opportunity in an absolutely superb location, making early viewing essential. Equipment: The business uses PDQ for credit cards. Customer Service: The restaurant considers simply that happy customers come back, and on that simple basis has maintained levels of product and service quality intended to best guarantee that result. This commitment is evident in the degree of return custom and the reach of its reputation. Key Strengths: The business has rapidly reached its current level and is becoming established with a strong and growing customer base, retaining a high level of repeat customers who book on a regular basis. The company has earned an outstanding reputation for its food quality, service, reliability, friendly atmosphere, value for money and experienced staff. Growth and Expansion: The current market for this 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 and busy location. Key Opportunities: This is an outstanding opportunity to build on the existing business services and customer base of this company and also to grow existing services such as the outside catering. With a strong demand for its combination of environment, food quality, menu and bar together with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.

Additional information

Additional information: Not Disclosed
Support & training: Full support and training will be provided to the successful purchaser.
Reasons for selling: The current owner wishes to pursue other business issues following the sale of the business
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The business operates from leasehold premises with fifteen years remaining on the existing lease. Annual rent is charged at £26,000 with rates charged additionally at £4,000.
Location: The business operates from leasehold premises with fifteen years remaining on the existing lease. Annual rent is charged at £26,000 with rates charged additionally at £4,000. The restaurant is centrally located in Whitstable, has a fully fitted kitchen and bar area, and a private car park for 14 cars. Above the restaurant are two flats rented out as seven rooms, providing £25,000 per annum.

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