Sold £189,000 - Restaurants
City Business Brokers are pleased to market this authentic lovely Italian restaurant in the heart of Wolverhampton
This top rated restaurant is now a reluctant sale due to the partners wishes to semi retire after many years within the industry
Established for 10 years this stylish 100 cover restaurant boasts award winning reviews and appeals to locals and tourists . Operates on a consistent level of turnover with still plenty of potential for growth and continued on-going cost savings. The sale includes all fixtures, fittings and equipment plus many years of goodwill .
The business would ideally suit a couple or partnership to owner run this business to maximise profit potential .
Current turnover is in the region of £150000 per annum with huge scope to increase .
The premises are being offered Freehold and we are advised the business rates payable currently stand at approximately £3000 per annum
Trading hours 5 days 12-2.30pm & 5.30 – 10pm
Staffing levels are – 5ft
Reason for sale – Semi Retirement PROPERTY DESCRIPTION Fitted and presented to high trade specifications throughout, this substantial and well maintained two-storey freehold character corner premises provide excellent and highly functional internal business accommodation to the ground floor which briefly comprises an inviting double-fronted public entrance directly off the main streets into a welcoming customer service and Lounge bar area with prominent menu board which houses a large glass-fronted refrigerated delicatessen-style food display and electronic till/food ordering point, chilled drinks display units, modern coffee machine and small open preparation area The main customer service area, in turn, affords feature open archway access through to an attractively furnished and fully licensed restaurant and bistro dining area which may comfortably accommodate up to 100 covers for the provision of a full and varied menu of classic Italian food
The restaurant has two kitchens on two levels which may allow the new owner to own/run two restaurants with maybe different cuisines – Great Potential !!! Externally Occupying a corner plot in a prominentbusiness location in a developing town centre which is undergoing a variety of regeneration work that really is a great investment for the future
Main points to note
# A prime trading position # Stylish 100-cover corner premises on 2levels # Good consistent levels of turnover on five day week
# Long established reputation and regular customer base # Lots of year-round passing trade benefits #Huge scope for outside catering and increased seven day trading etc # Valuable inventory of equipment included # Adaptable to host of alternative licensed hospitality styles
# Priced for quick genuine sale # Early viewing essential
Viewing Arrangements All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business. For an appointment to view, please telephone 0121 452 5133 /07775903332
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