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Wednesday 18th of Jan 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£99,950

Popular Italian Restaurant In Town Centre

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Further Details
Reference13359 / RightBiz
Status
FOR SALE
Advert ID185748
LocationBedford, Bedfordshire
SectorRestaurants, Italian Restaurants, Take Aways Businesses
TenureLeasehold
Leasehold Price£99,950
Annual Turnover£200,000
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BUSINESS
Hilton Smythe welcomes to the market That’s Amore Restaurant. The business was originally established by our client in 2013. The owner is now looking to sell the business, due to the desire to focus on other interests.

The business is run as an Italian restaurant in the town centre of Bedford. This is a great business situated in a bustling location. The area receives a generous amount of footfall and passing trade; from which the business benefits.

This is an exceptional a la carte restaurant that offers a varied Italian menu. Popular dishes include mixed bruschetta, soups, Linguine, salads, pastas, pizzas and desserts. A Sunday roast is now also available on Sundays. This is a traditional Italian menu that has proven to be very popular. The restaurant also provides gluten-free dishes on request. Our client offers an eat-in option plus a pizzeria for takeaways.

The business generated a turnover in the region of £200,000 as of the 2016 accounts, with a gross profit of 60%. This is a very healthy turnover with scope to be increased. This is a substantial sized property with 100 covers. We feel that the purchaser could consider several options to allow for an increase in turnover. The large property allows for possible reconfigure of the current layout. A separate pizzeria would be a great way to utilise space and the bar area could also be expanded.

The business was a finalist in the English Italian Award in 2016. This is a great achievement for our client and the staff. TripAdvisor and JustEat boasts some excellent reviews. These are great sites to feature on. Social media should be something the purchaser focuses on. A Facebook and Twitter page would be a great way of advertising the business. The restaurant does have an informative website, which is easy to use. (www.thats-amore.org.uk)

This is a fantastic Leasehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
That’s Amore Restaurant is located in Bedford, Bedfordshire.

The business is situated in the busy town centre of Bedford. This is a bustling location with ample retail outlets. The town is filled with several eateries, clothing stores, designer stores, household retailers and much more.

Bedford is a vibrant town with much to see and do. The town centre is great for entertainment with the many bars and restaurants to choose from. The town also boasts a generous amount of unspoilt countryside and is known for having one of the finest riversides in the country. The town is a great location to both live and work

The road on which the business is located is an arterial that connects to the M1 motorway network at Pineham. The A6 that runs directly into London is also just minutes away. There are several bus stops a short walk away and the closest train station is just across town.

PREMISES
That’s Amore Restaurant boasts a substantial premises. The property is well-signed and looks presentable.

Large open plan restaurant with bar. There are currently 100 covers. Tables are well spaced out and there is potential for more covers. There are two double doors on either side of the property for entry.

Restaurant and Bar equipment-
Ibertal coffee machine (on hire purchase with 1 year of payments left)
Sink
3 double glass front chillers
Single glass front chiller
Electronic till (2 years payments left)
Double front aluminium chiller
Telephone
Salad bar

To the rear of the restaurant opposite the bar are the toilets including disabled facilities.
Ladies with 4 cubicles, 2 hand dryers and 3 sinks)
Men's have (2 sinks, 1 cubicle, 3 urinals and a hand dryer)

The kitchen is commercial and comes fully fitted. Equipment includes-

5 commercial stainless steel double fridges.
Sink
2 freezers
Hot plate
Microwave
Stainless steel preparation area
Meat slicer
Stainless steel oven
Stainless steel bread mixer
2 stainless steel pizza ovens
Stainless steel pizza preparation area
2 commercial hobs
Double fryer
Double grill
Fly catcher

There is a separate pot wash room with a pot washer, portable shelving and a sink.

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 5 years
Remaining lease length: 2 years as of 2016.
Rent: £14,777 per annum

HOURS
The business opening hours: -

Monday: Closed
Tuesday: 12pm – 2pm & 6pm – 10pm
Wednesday: 12pm – 2pm & 6pm – 10pm
Thursday: 12pm – 2pm & 6pm – 10pm
Friday: 12pm – 2pm & 6pm – 10pm
Saturday: 12pm – 2pm & 6pm – 12am
Sunday: 12pm – 10pm

Also accepts private bookings.

STAFF
The business is run and managed by our client, with the help of four full time members of staff.

FINANCIAL PROFILE
The business generated a turnover in the region of £200,000 as of the 2016 accounts.
Gross profit 60%


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