Beautiful Italian Restaurant in Stone

Stone, Staffordshire
REF: 01557

Asking Price:
£75,000
Annual Turnover:
£200,000
Annual Net Profit:
£8,155
Reduced
Recently Sold
REF: 01557
Photo of Beautiful Italian Restaurant in Stone
Photo of Beautiful Italian Restaurant in Stone
Photo of Beautiful Italian Restaurant in Stone
Photo of Beautiful Italian Restaurant in Stone

Overview

Tenure:
Leasehold
Established:
2013
  • Great Reputation
  • Renovated to a High standard
  • Turnover - £200,000 (approx.)
  • Loyal Customer base
  • Scenic Location

This is a brilliant opportunity to purchase an authentic Italian Restaurant in Stone. The business is set in a beautiful detached building on the banks of an iconic canal.

The business has a great reputation amongst the local and tourism community for their high quality, authentic Italian cuisine and their high level of service.

The business boasts impressive financial figures and would provide a potential buyer with the perfect foundations for future success and growth, in the form of an Italian Restaurant or for any other themed restaurant.

The owner of the business has two businesses and is looking to sell this business and concentrate on the other business, the owner is therefore open to offers.

The business is located in a large, detached property, which offers breath taking views of the nearby canal. The vendors have combined the character features of the property and modern refurbishment throughout the building.

The ground floor of the business hosts two separate dining areas for the clients. The first dining area has been renovated to an extremely high standard and offers diners more privacy than the other. The other dining area has an iconic bar and offers diners a livelier atmosphere. Behind the bar there is a large kitchen and stock room for the use of staff.

On the 1st floor there are two large function rooms which can be used for private parties or for corporate events. This floor offers views of the vibrant town centre to one side and the beautiful canal to the other.

The business is set in a beautiful location and has outdoor seating areas which are extremely popular during the summer. There is also a large, public car park a short distance away.

Intelligent Business Transfer are excited to bring to the market this superb opportunity to purchase an authentic Italian Restaurant in the affluent town of Stone in Staffordshire.

The business has been trading under its current ownership for 2 years and have experience growth on a monthly basis since this time. The business has a great reputation in the local and tourism community for their authentic Italian cuisine and the beautiful location in which the business is set. The business has been renovated to an extremely high standard and boasts impressive financial figures.

A potential buyer could improve the financial figures of the business if they were to increase the advertising of the business. This could be done using social media sites to generate more custom and advertising in tourism publications to attract customer from further afield. Due to the way the business has been refurbished a potential buyer could also change the theme of the restaurant with minimal effort.

The turnover of the business was in the region of £200,000 for last year with impressive profit margins due to the minimal overheads of the business.

It is with a heavy heart that the current owner is selling the business due to relocation out of the area. This business would suit an entrepreneur or corporate organisation looking to add to their portfolio of restaurants.

Location

Property

Annual Rent
£28,814
Annual Rates
£4,650
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
TBC

Financial & More

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