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Top Italian Restaurant for Sale in South Yorkshire

Undisclosed, South Yorkshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    10/12/21

  • Advert ID

    287362

  • Reference

    B06623 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £124,995
  • Turnover: £515,270 (£9,909 Per week)
  • Net Profit: £22,648 (5% Profit margin)

Business Details

Highly rated Italian Restaurant for sale

Business
Please quote reference B06623

CoGoGo welcomes to the market this fantastic Italian restaurant. The business was originally established by our clients in 2019. Though our client has really enjoyed creating and growing his beloved business, he is now looking to sell due to this being too big for him.

This lovely Restaurant offers a range of dishes including artisan breads, pastas, paninis, deserts, a selection of Italian wines and chef specials.

Since establishment our clients have built up an excellent reputation for the quality and dining experience offered along with the option to take away. Along with the abundance of online, 5-star reviews across google, TripAdvisor and social media, the business also holds a 5-star hygiene rating.

As per 2019 accounts the business generated an advised turnover exceeding £297,000 with a fantastic net profit. This is a great turnover that could be increased even further by maximising opening hours, pushing advertising.

The property has recently been refurbished and so this would make a great opportunity for a purchaser looking for a walk-in trading opportunity.

Reasons to buy - 

  • Outstanding reputation
  • Excellent location
  • Low overheads with affordable rent
  • Scope to expand/ increase
  • Hand over period offered
  • Turnkey business
Early viewings/discussions come highly recommended to avoid disappointment.



Location
This Restaurant is ideally positioned in the centre of town sitting alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing.

The business is nicely presented and maintained with clear visible signage and distinctive livery.

There is free on street parking close by.



Premises
The restaurant is immaculately presented inside and out, with excellent eye-catching signage.

Upon entrance is the seating area with bespoke, rustic décor.

To the rear of the service area is the fully fitted commercial kitchen, with easy clean flooring and wall coverings.

Customer WCs.



Tenure
We are advised that the business is being on a Leasehold basis, with a new lease to be negotiated for the new buyer. The rent is £5,625 per quarter. 



Hours
The business hours are -

Monday – 3:00pm – 10:00pm
Tuesday – 3:00pm – 10:00pm
Wednesday – 3:00pm – 10:00pm
Thursday – 3:00pm – 10:00pm
Friday– 3:00pm – 10:00pm
Saturday – 12:00pm – 10:00pm
Sunday 12:00pm – 10:00pm




Staff
We are advised that the business has 10 full-time and 5 part-time members of staff. 



Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £300,000. Full financials can be made available upon further contract.

Please quote reference B06623



Read more

Contact Agent

Contact the seller for more details, or book a viewing

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Highly rated Italian Restaurant for sale - B06623 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.