Well-Established and Beloved Italian Restaurant in Sunderland

Sunderland, Tyne And Wear
REF: R07760

Asking Price:
£80,000
Annual Turnover:
£275,318
Annual Net Profit:
£15,000
REF: R07760
Photo of Well-Established and Beloved Italian Restaurant in Sunderland
Photo of Well-Established and Beloved Italian Restaurant in Sunderland
Photo of Well-Established and Beloved Italian Restaurant in Sunderland
Photo of Well-Established and Beloved Italian Restaurant in Sunderland

Overview

Tenure:
Leasehold
Established:
1995
  • Fantastic customer reputation
  • Loyal, returning client base
  • Spacious and well-equipped premises
  • Recently refurbished
  • Equipment included in sale

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 restaurant is situated on Chester Road in the heart of Sunderland’s city centre, 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, featuring space for 45 covers. The ceiling boasts a gorgeous canopy of foliage and vibrant yellow flowers which stems from a tree inside the restaurant, therefore providing an al fresco atmosphere to the guest experience. A chalkboard displaying daily specials is found on the right-hand wall, whilst a bar is located at the rear of the premises.

The business possesses a sleek, contemporary website and a Facebook following of more than 5,800. 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 position
  • Close to other local businesses
  • High levels of footfall
  • Nearby car parking
  • No local competition

Property

Annual Rent
£13,000
Annual Rates
TBC
Lease Term (Years)
15
Lease Expiry (Years)
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
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Management Structure
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Number of Employees
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Current Ownership
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