Authentic Italian Restaurant in Lancashire

Preston, Lancashire
REF: R07091

Asking Price:
£89,950
Annual Turnover:
£155,082
Annual Net Profit:
£26,517
REF: R07091

Overview

Tenure:
Leasehold
Established:
1995
  • Excellent reputation
  • Limited competition
  • Alcohol licence
  • Freshly prepared, home cooked food, priding itself on fresh fish and sauces
  • Wide selection on the menu
  • Friendly professional service
  • Huge scope for growth

The business for sale is a well-established, family-owned Italian Restaurant renowned for its authentic, homemade Mediterranean dishes.

Situated in Preston, Lancashire, the restaurant, seating 70 customers, has not only achieved an impressive financial profile, but also a loyal customer base, most of whom return time and again for an exquisite dining experience.

This would make an invaluable proposition for a first-time buyer, or a lucrative addition to an individual already working within the restaurant industry. The business is now for sale on a leasehold basis.

The authentic restaurant is placed in an end-terrace, parade position and is entered from the square. The well-furnished, contemporary premises is set on the ground level, with 70 covers. Through the entrance, there is a reasonably sized reception area with soft furnishings and a bar behind on the right. Further along, the premises is the kitchen, store and preparation area. The main restaurant has an elevated level and a ground floor space and also on this floor are toilets for both men and women.

All equipment is included in the sale which includes a number of fridges, freezers, counters, all kitchen equipment, to include cookers, microwaves and the grill etc.

Established in 2004, the business has gone from strength to strength due to its excellent location and its high standards of produce. This is an ideal platform for an existing business or owner-operator looking to function from this geographical location.

Through extended opening hours and days, the restaurant could cater for more customers on a weekly basis. The possibility of introducing a home delivery and external catering service is also feasible and would allow it to cater for customers further afield as well as to local businesses, offices, parties etc. The restaurant offers takeaways but does not deliver or use any of the delivery agents so there is massive potential to increase revenue through this. Increased marketing through creating a website and social media would also boost exposure to its services and enable the business to grow its customer base through online promotion.

The current owner is also willing to stay on for a transitional period if needed.

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  • Village location
  • Shopping area
  • Free parking nearby
  • Close to local businesses
  • Minimal competition
Rent
£19,304
Rates
£8,000
Lease Term
5
Lease Expiry
3 years remaining, renewable.
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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