Prime Location Italian Restaurant Business with Leasehold Tenure in Carlisle For Sale
Carlisle, Cumbria
- Status
FOR SALE
- Date Submitted:
25/09/23
- Advert ID
600188
- Reference
BB/7294 / Rightbiz
- Call Agent:
- Leasehold: £26,000
- Rent: £26,000
- Turnover: On request
- Net Profit: On request
Key Features
- Town Centre location
- Accounts Available
- Owner Financed
- Attractive Business
- Fully Fitted
- Adjacent to Multiple Retailers
- Close to Local Amenities
- Established Business
- Small Business
- New Lease
- Company for Sale
- Retirement Sale
- Prime Location
- Price Reduced
Business Details
Carlisle Established Italian Restaurant Business For Sale with Leasehold Tenure, Prime Location
**FRANCO'S RESTAURANTE BUSINESS SALE PRICE £100,000**
** RARE BUSINESS OPPURTUNITY **
** PROMINENT CITY CENTRE LOCATION **
** LONG ESTABLISHED TRADING HISTORY IN CARLISLE **
Franco’s sits within the famous three storey Grade I Listed building. This is one of Carlisle’s oldest and most historic buildings and spans over ground floor, first floor and basement areas.
The ground floor is fitted out as an Italian restaurant which provides generous customer seating areas and a bar area with good window frontage that looks out onto the town centre. The first floor consists of additional customer seating, a commercial kitchen with an excellent range of equipment and sperate male & female toilets. A basement area provides adequate storage, and the business has obtained a license for outdoor seating.
THE BUSINESS
The restaurant opened its doors from this building in 1993 offering a traditional authentic Italian cuisine serving a variety of options ranging from traditional pizza and pasta dishes to chicken, steak, fresh fish and seafood dishes. There is also vegetarian and gluten free dishes available. The Piattini menu offers lighter Italian tapas dishes and the bar features a range of speciality cocktails. The restaurant has a popular ‘Happy Hour’ daily.
The long established founder and joint owner are looking to sell due to retirement purposes. The business boasts strong trading accounts and viewing is highly recommended to appreciate the opportunity available. The is a rare opportunity to acquire a centrally positioned building which has not been offered to the market for over 30 years.
ACCOMMODATION
Ground Floor Restaurant 56.07 sq m (603 sq ft)
First Floor Restaurant 27.62 sq m (297 sq ft)
First Floor Kitchen 28.34 sq m (305 sq ft)
Male and Female WC’s
Basement
SALE PRICE - BUSINESS
Offers in the region of £100,000 are invited for the business, trade name, fixtures & fittings and goodwill.
TENURE & LEASE
The property is available TO LET by way of assignment or underletting of the existing lease expiring March 2026 at a passing rent of £26,000 per annum exclusive. Alternatively a new lease directly from the landlord may be agreeable, subject to possession and terms.
Contact Agent
Energy Performance Certificate (EPC)
Particulars / More Information
Listing Statistics
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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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