Established Italian Restaurant in Nottingham

Nottingham, Nottinghamshire
REF: 05184

Asking Price:
£120,000
Annual Turnover:
£200,000
Annual Net Profit:
TBC
Recently Sold
REF: 05184
Photo of Established Italian Restaurant in Nottingham
Photo of Established Italian Restaurant in Nottingham
Photo of Established Italian Restaurant in Nottingham
Photo of Established Italian Restaurant in Nottingham

Overview

Tenure:
Leasehold
Established:
1990
  • Authentic Italian Restaurant
  • Established in 1990
  • Affluent location
  • High annual turnover
  • Scope for further growth

A fantastic opportunity has presented itself for a new buyer to take ownership of a highly regarded Italian Restaurant in Nottingham.
Trading since 1990, the business has been built upon serving a high quality authentic Italian menu that attracts a large customer base from across the local area.
With a high annual turnover and sought after location, this is an ideal opportunity for an entrepreneur to acquire a successful business with further growth potential.

Originally established in 1990, the current owners have recently restyled and refitted the interior to an exceptionally high standard creating a relaxed intimate ambience for residents, local employees and visitors to this sought-after area of the city. With over 2,500 new homes being built in the area and serving as one of only three local Restaurants, the business is well-placed to serve the vibrant local community.
The Restaurant serves a popular and authentic menu that includes traditional Italian antipasti, pasta, meat, fish and pizza dishes, imaginatively created using fresh local ingredients. The business enjoys high levels of repeat custom and outstanding reviews on Facebook and TripAdvisor.
The business is easily recognisable due to its positon within an iconic local building and clear signage. The interior décor skilfully combines the characterful features present with a modern Mediterranean finish to create a welcoming and modern ambiance.

The Restaurant is refurbished to a very high standard with seating for 52 diners, a commercial standard kitchen, pizza oven, walk in fridge, high quality sound system and bar area. In addition to the Restaurant areas, there are three further rooms available on the second and third floors which could be developed into living accommodation.

Intelligent Business Transfer are pleased to bring to the market a fantastic opportunity for a new buyer to acquire a highly regarded Italian Restaurant located in the vibrant Mapperley area in Nottingham.
The business has demonstrated the real growth potential and now achieves an annual turnover in excess of £200,000 with an even greater opportunity to take advantage of the best and most lucrative trading quarter period in the year.
With a high level of net profit available and a superb reputation, this is an ideal opportunity for an entrepreneur to acquire a turnkey authentic Restaurant with further growth potential.

An enthusiastic new buyer may look to expand the business further by increasing the currently limited opening hours to include the potentially busy lunchtime and Sunday trading times.
At present, the business conducts very little advertising – yet by marketing the business both online and locally, a new owner can look to build the customer base significantly. Potential also exists to introduce a local delivery service which would serve to complement the existing Restaurant.

Intelligent Business Transfer have been approached to find a suitable buyer for this superb opportunity which is ideally suited to an entrepreneur with industry experience. The current owner has developed a very profitable and respected business which is now primed for further growth.

Features

Online Presence

Location

Property

Annual Rent
£9,200
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

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

Refine

Miles
£
£
£
£
Timed popup