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Successful Italian Eatery In Newcastle For Sale

Tyne and Wear
Asking Price:
£650,000
Sales Revenue:
£1,000,000
Cash Flow:
£80,000

Intelligent Business Transfer are delighted to have been appointed to find a buyer for this exciting business opportunity in a city-centre eatery that enjoys such a great reputation among its patrons.

Any potential buyer would be impressed by how much the current owner has achieved over the last 20 years but there is certainly scope for growth and development, too.

Possibilities for expansion include: engaging in more proactive marketing activities (the business Facebook page has 5000 followers); promoting the private function offering; or introducing a loyalty scheme.
With a current annual turnover of almost £1 million, positive TripAdvisor reviews and benefiting from a £150,000 renovation, this business has lots of potential and provides an excellent base for future growth. A well-designed website showcasing the restaurant’s menus and featuring an online table reservation system is included in the sale.

The vendors have built this business from scratch and are now reaping the rewards of their hard work.

The business is thriving and a new owner can look forward to taking over a highly profitable restaurant operating from exceptionally well-equipped premises.

Anyone looking for a catering business with an established revenue stream but with room for further expansion would be intrigued by this opportunity.

Property information

Property:

Leasehold

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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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