Business for Sale in Sunderland

Sunderland, Tyne And Wear
REF: R08175

Asking Price:
£120,000
Annual Turnover:
£468,000
Annual Net Profit:
TBC
REF: R08175
Photo of Business for Sale in Sunderland
Photo of Business for Sale in Sunderland
Photo of Business for Sale in Sunderland
Photo of Business for Sale in Sunderland

Overview

Tenure:
Leasehold
Established:
1995
  • Excellent Reputation
  • Very Loyal Customer Base
  • Spacious Premises
  • Recently Refurbished
  • Equipment Included

The business for sale is an Italian restaurant in the heart of Sunderland’s city centre, offering eat-in, takeaway, and collection services.

It has successfully operated from its current premises for the last 25 years, developing an excellent and robust reputation that has stood the test of time. The restaurant has proven popular with residents of both Sunderland and the wider North East region, all of whom have fallen in love with the restaurant’s ambience, customer experience, and delicious menu of high-quality items. The business has become so renowned that it is common knowledge for booking to always be required at weekends, as the restaurant is always operating at capacity during this busy time of the week.

Alongside dining, takeaway, and collection, the restaurant also offers external catering if required, possesses an alcohol licence, and boasts a 5* hygiene rating.

The warm and welcoming restaurant is situated right in the historic heart of Deptford, Sunderland. Therefore, profiting from high levels of footfall and a busy diary that is full of bookings. The restaurant’s interior has been recently refurbished and is presented to the greatest of standards.

The business possesses a sleek, contemporary website and a Facebook following of more than 6,400. Both platforms provide clear information, menus, and pricing.

Unfortunately, a transitional period is not available with this acquisition.

The ideal buyer for this business will have experience in the restaurant or catering industry and will be looking to start up their own business in this field. It would also be very suitable for somebody who is already well-acquainted with the restaurant, such as another local restauranteur.

After years upon years of success in the community, the business could still be developed further to boost turnover. There are numerous methods available to achieve this, such as creating an advertising campaign to increase awareness of the restaurant in the surrounding area or introducing a loyalty discount to encourage repeat visits. The new owner could also consider hosting events, such as themed nights, to attract additional revenue. Offering corporate catering presents a further income stream opportunity. Additionally, the restaurant could extend its opening hours to increase daily capacity and consequent turnover.

Features

Online Presence

Website: san-marino-restaurant.co.uk/

Location

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  • City Centre Location
  • High Street Location
  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£25,000
Annual Rates
TBC
Lease Term (Years)
1
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

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

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