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Italian Restaurant With Owners Accommodation For Sale

Lancashire, Lancashire
Asking Price:
£629,999
Sales Revenue:
£114,055
Cash Flow:
Available on request

Business
Hilton Smythe welcomes to the market an Italian restaurant. The restaurant was originally established by our client in 1995. The owner has thoroughly enjoyed running this bustling business but is now looking to sell due to the desire to take a well-deserved retirement.

The business runs as a high quality Italian restaurant, Pizzeria and takeaway. This is a thriving business that is very popular with the locals. The business has a generous menu offering a huge range of tasty dishes. Meals include, Spaghetti Carbonara, Cannelloni Alla Toscana, lasagne, pizzas, and more. They also sell an array of fine wines and offer takeaways.

The business currently generates an advised turnover of around £99,000 with a gross profit of 73% as per 2015 accounts. This is a healthy turnover that could be boosted in several ways. The business has been run to an exceptional standard, however, has been run at a steady pace. The restaurant requires a hands on hard working new owner, who can take this business to the next level.

Other ways to boost income would be too-
Open longer hours (including lunches)
Offer more functions
Offer deliveries
Increase menu
Extend carpark

The business has a website, from here they offer menus and a price list. It has an abundance of photos of the premise and meals on offer. The restaurant also promotes many promotions and offers which are also advertised on the website, via the newsletter. A Facebook page would be a great way of attract free custom.

The business has raving reviews on sites such as TripAdvisor, this is great for increasing potential custom.

Included in the sale is a three bedroomed owner’s accommodation. The accommodation does have the potential to be a 5 bedroomed house. If the purchaser doesn’t require accommodation, there is the option to transform it into flats.

This is a fantastic opportunity for a husband and wife team with experience in the trade. Hilton Smythe highly advise early viewing to avoid disappointment.

Location
This Italian restaurant is located in Lancashire.

The restaurant is amongst a residential area of the town. There are several independent businesses dotted around such as a convenience store, pub, hair salon, café and more. This is a fantastic location for a high quality restaurant.

Premises
Very large distinctive property set in its own mature grounds with car parking for 24 cars. This could easily be extended. Good décor with distinctive wall art throughout with many original features. There is signage around the perimeter of the site visible to passing trade.

There is a basement in the property which is currently used as a laundry room.

Ground Floor

There is a large vestibule and entrance area.
Small office area and distinctive wide stairway to front. Reception bar and seating to right. Distinctive and welcoming.
Lovely themed and distinctive restaurant to left – seating area for 45 covers, it can seat up to 55 for private parties. The restaurant has a warm friendly ambience and boasts many original features.
Dessert and coffee serving area with ice cream fridge and dessert fridge.
Large, fitted and fully equipped modern industrial kitchen.
Stand-alone extended themed takeaway in separate building.
Storage buildings and garage.
Gents and Ladies toilets fully tiled.
Cloakroom.
Side entrance.

Rear entrance to lovely patio and sun terraced with a fountain. Tables and chairs for 24 covers but can be increased if required.
Lovely mature gardens and lawn.

First Floor
Large landing at the top of a lovely staircase. Very impressive stain glass window at the top.
Master bedroom with fitted units and en suite shower room. Very spacious
Further large double spacious bedroom. Fitted and with en suite shower room.
Large single bedroom fitted and with en suite shower room.

Second Floor
Two single rooms used for storage

Equipment included in the sale is as follows-
Tables and chairs internal and external
Fridges
Freezers
Walk in freezer
Walk in cold room
10 ring range with griddle
Double pizza oven
Bain Marie
Dough machine
Microwave
Stainless steel work tops and shelves
Bar, glasses etc
CCTV
Fire and smoke alarms
Cutlery
Crockery
Pans
Carpets
Curtains

The premise is approximately half an acre and is surrounded by a stone wall.

Tenure
We are advised the business is Freehold.

Hours
The business opening hours-

Monday: Closed
Tuesday: 6pm – 11pm
Wednesday - Friday: 12pm – 2pm & 6pm – 11pm
Saturday: 6pm – 11pm
Sunday: 12pm – 10pm

Staff
The business is run and managed by our clients with the help of 7 part time members of staff.

Financial Profile
The business generates a turnover in the region of £99,000.
Gross profit 73%

Property information

Property:

Freehold

Contact Information

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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