Popular Italian Restaurant in Somerset

Shepton Mallet, Wells
REF: 05473

Asking Price:
£60,000
Annual Turnover:
£286,000
Annual Net Profit:
TBC
REF: 05473

Overview

Tenure:
Leasehold
Established:
2015
  • Excellent reputation
  • Recently refurbished premises
  • High turnover
  • Central location
  • Strong clientele base

This is a fantastic opportunity for an interested buyer to become the owner of a large, family-run Italian restaurant in Somerset. Serving a range of traditional and authentic home-cooked Italian dishes to its many returning customers. Its extensive opening hours allow customers to sample both lunchtime and evening menus, which offer a variety of seasonal specials and cater to all tastes.

Since its inception in 2015, the restaurant has acquired an excellent reputation amongst the local community, known for its high quality customer service and delicious made to order dishes. Its success is largely accountable to its ability to accommodate a large number of diners at any one time, which has grown its popularity year on year since it first began trading.

A new owner is now presented with a prime opportunity to take over this highly successful business, which is a hotspot not only for residents of the local community, but also diners from further afield.

Recently refurbished at a cost of £125,000, the sizeable, open plan restaurant is spacious enough to accommodate 130 covers. Upon entering the Grade two listed premises customers are greeted by a chic and classic interior. The beautifully fitted property is complete with a central bar area which serves a variety of hot and cold beverages. The well-fitted kitchen which includes all necessary cooking equipment lies to the rear of the property, along with toilets for customer use. Two large storage rooms on the first floor also house the restaurant’s stock.

The business also operates through a professional and interactive website which allows customers to book online and view their menus. Further promotion is achieved through entering into the North Somerset Food Guide and local festivals. Exceptional reviews on Tripadvisor and Facebook are a testament to the business’s popularity and only help to bolster its strong word of mouth reputation.

An ideal new owner would have experience within the catering industry or be a new buyer looking to take on an incredible venture in the heart of a rural community.

Extending opening hours to Sundays would accommodate weekend trips from locals as well as those coming from out of town. Further promotion by creating more social media platforms would also help to extend the business’s customer reach to even further afield. As the local community act as such a supportive network to the business, a new owner would naturally increase intrigue and bring further customers to the restaurant.

The current owner now wishes to pass the business over to a passionate individual and has agreed to stay on for a transitional period, to be agreed upon, in order to detail daily business operations.

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  • Town centre location
  • Parking close by
  • Popular tourist destination
  • No competition
  • Residential area
Rent
£24,000
Rates
£0
Lease Term
5
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
F 126-150

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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