| (REF: 2266) Authentic Italian Restaurant in Bristol |
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| Seller Reference: |
2266 |
| B4S Reference: |
24628 |
| Asking Price: |
£165,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£340,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Bristol, Bristol County, United Kingdom |
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Preferred Commercial is delighted to offer for sale this busy Italian restaurant, which was established by our client in 2000. The business is only now offered to the market due to our client's wish to retire. The premises are well-equipped to suit the trade with a large waiting area with bar, large restaurant area with tables and chairs for up to 65 covers and well-equipped commercial kitchen. The business has an excellent reputation and benefits from much repeat trade and word of mouth recommendations. The business benefits from being situated in a densely populated residential area along with a high footfall of passing trade. Our client offers an authentic traditional Italian menu with a fine selection of wines and coffee. The business currently trades 6 days a week, which generates a turnover in the region of £340,000 with a gross profit of 67%. We feel this could be further increased by extending the opening hours. The new owner could, if desired, establish a takeaway delivery service and wine bar in the waiting area to further increase turnover. This is an ideal opportunity to acquire an already busy Italian restaurant with huge scope for further development. Early negotiations with Preferred Commercial must come highly recommended.
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Property: |
Leasehold |
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Lease Terms: |
Original length: 7 years
Remaining: 6 years
Review every: 3 years
Rent: £31,000 per annum |
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Current Rent: |
31,000 per annum |
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Living Accommodation: |
No |
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Details of Accommodation: |
Substantial ground floor lock-up Italian restaurant premises. Briefly comprising:
Ground Floor
• Waiting area with large sofas and tables and chairs to suit
• Bar area with L shaped bar, chilled bottle displays, wine racking, traditional coffee machine, electronic cash register, optics, glass racks
• Kitchen with stainless steel extractor fan, worktops, preparation areas, storage units, commercial sink unit, dishwasher, 2 deck pizza oven, griddle, 6-burner gas range, electric oven, double deep fat fryer, warming cabinet, meat slicer, microwave oven, refrigerator and freezer
• Dry storage room with further refrigeration and freezer units
• Restaurant area with feature tile flooring, chairs and tables for up to 65 covers, 2 large natural light shafts and waitress station
• Ladies WC with wash hand basin
• Gents WC with wash hand basin
External
• Tables and chairs to front for extra 16 covers |
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Location: |
Restaurant Valentino occupies substantial premises ideally located in a large residential area in a suburb of Bristol, Somerset. The business benefits from ample on street parking and is surrounded by a variety of complementary shops and businesses. There are regular buses running through the area and the railway station is approximately a mile away. The business boasts easy access to the local A-road network and junction 18 of the M5 motorway is less than 4 miles away. Bristol is famous for its music and film industries and is also a popular tourist destination with many attractions. The business is less than 6 miles from the city centre and Cardiff lies approximately 40 miles to the west. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Mon - Sat: 12:00pm to 2:00pm and 6:30pm to 9:30pm |
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