Excellent Leasehold Classic Italian Restaurant In Warwick For Sale

Business description

EXCELLENT LEASEHOLD CLASSIC ITALIAN RESTAURANT
Ideal trading location in busy shopping area of Warwick, Warwickshire
Huge scope for additional trade breakfasts and lunches
Beautifully presented and well appointed throughout
Genuine retirement sale after 23 years of ownership
Early interest and viewing is highly recommended
Sale price includes all general fixtures and fittings
Currently run at pace to suit our clients
Owner established and run since 1988
Advised annual turnover of £99,099
Ideal lifestyle change opportunity
LEASEHOLD

Business History

We are delighted to offer for sale this exceptional restaurant which has a proud history dating back to the early 1960s. The business has been owned and run by our clients since 1988 who after many years of ownership are now seeking retirement. The restaurant achieves a very respectable advised annual turnover of £125,000 which is derived from offering a classic Italian food menu coupled with complementary alcoholic wines and beverages. The business is exceptionally well known and has seen customers visit frequently for many years. Our clients have worked exceptionally hard on the businesses reputation and presentation which has resulted in a very consistently trading business year on year. The business also has huge scope for future growth as our clients are only currently offering an evening menu. A new owner has the option to provide a morning and lunchtime service which would inevitably increase the already high turnover. Our clients are very generously including all fixtures and fittings into the sale price which is a big plus for a new owner as additional funds will not need to be spent for the foreseeable future. The property also has first floor rooms which could be utilised as private living accommodation if so desired. We would like to urge very early interest in this opportunity as businesses of this calibre rarely appear onto the market.

Property information

Property:

Leasehold

Lease terms:

Leasehold
To be negotiated
Rent: £32,000pa

Living accommodation:

Well presented mid parade property featuring much charm and character throughout. Ground floor reception with fitted bar, restaurant with 50+ covers, fitted stainless steel kitchen with storage area, first floor male and female toilets, large office/living room, second floor 2 rooms currently storage but would suit 2 double bedrooms the property features beautiful exposed wooden beams and well maintained decor. GROUND FLOOR Main high street location with highly visible front and property signs, decorative canopy and secure front entrance leading to: Reception Bar Seating and waiting area with comfortable seating. Fitted bar with drinks and spirit displays. Restaurant Open plan dining area. 50+ covers with well spaced traditional dining tables and chairs. Wine display area and chiller. Kitchen Large fully fitted commercial stainless steel kitchen with extraction and wash area. Rear storage and preparation area with fridges and freezers. Stairs access to first floor. FIRST FLOOR Male and female toilets. Private areas Room 1 - Large storage/office area would suite living room with fireplace. Stairs to second floor. SECOND FLOOR Room 2 - Storage would suit double bedroom Room 3 - Storage would suit double bedroom EXTERNAL To the front - Roadside communal parking with neighbouring communal parking. To the rear - Council owned car park area, supplement charge for spaces and delivery access.

Location:

This excellent leasehold classic Italian restaurant is located in the beautiful town of Warwick which is in Warwickshire. The property stands proud mid parade on one of the town’s main retail through road linking Warwick to Leamington Spa. The road is considered by many to be the most favourable retail area in the town due to its exceptionally high footfall and high amounts of passing trade. The location is ideal as it offers a central point to experience the many neighbouring tourist attractions and visitor hotspots including Warwick Castle which is visible from the businesses entrance. Warwick is one of the most desirable business and residential locations in the Midlands due to its beautiful countryside, historic landmarks, good quality schools and hospitals and excellent tourist trade. Warwick also benefits from being only 2 miles away from the M40 motorway which connects to the M42 and M5 making visiting and commuting very easy.

Business Operation

Trading hours:

Monday: 6:30pm - 10:00pm
Tuesday: 6:30pm - 10:00pm
Wednesday: 6:30pm - 10:00pm
Thursday: 6:30pm - 10:00pm
Friday: 6:30pm - 10:00pm
Saturday: 6:30pm - 10:00pm
Sunday: Closed