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Authentic Italian Restaurant Prominent Town Centre
Location: United Kingdom -> Suffolk
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Stunning Authentic Italian Restaurant
Prominent Town Centre location
Ref. AC362
Location : Suffolk
Asking Price : £110,000 Inc. Assets
This business has operated as an authentic Southern Italian restaurant on this very prominent, high street location for 3 years and was purchased by the vendor with the intention of creating a vibrant, addition to this town in the heart of Suffolk, serving a delicious range of Southern Italian dishes which have received excellent reviews.
The Italian owner carried out a stunning refurbishment of the premises to transform the building into a delightful and unique restaurant.
Since refurbishment of this period building to a high spec kitchen and chic dining area décor, the restaurant has been busy since day one and has proved to be extremely popular with local residents who enjoy the atmosphere and high quality food on offer.
The menu is made up of traditional Italian dishes, including a very popular range of pizza, pasta, meat and fish dishes with a varied selection of starters and side dishes. The restaurant is fully licensed.
The owner has produced a truly amazing drinks menu with a phenomenal range of handcrafted gins, as well as other spirits, wines and beers.
The business does not rely upon seasonal custom but rather, takes advantage of this discrete town's busy commercial and residential population, which has led to consistent non-seasonal trading.
Due to its desirable setting the restaurant enjoys high levels of awareness and footfall. The unique atmosphere results in high levels of repeat business and strong word of mouth recommendation, bearing testimony to the excellent reputation its dining experience throughout the area.
The premises has 38 covers indoors situated on the ground floor. The kitchen is fully fitted with a pizza oven. There is a suitable storage area, prep room, and dry store. Rent is approximately £19,800 per annum.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $250,325
Cash Flow:   $55,335
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2016
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  The vendor is happy to support the new owner to ensure a smooth handover.
Reason For Selling:  The owner is moving back to Italy to pursue other business interests.

Photos

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Authentic Italian Restaurant Prominent Town Centre Photo 1




Print Listing Id: 700343129
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Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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