AC134 -Fully Licensed Italian Restaurant with some Outside Catering
Business for sale
Asking Price:
£295,000
Turnover:
£0
Annual profit:
Less than 25k
Audited accounts:
Yes
Management accounts:
Yes
Business description
This business was purchased in 2003 by the Vendor, having been established since 1996, with a generous combination of innovative insight and entrepreneurial spirit it has grown since to become a significant enterprise with a reputation for the quality of its menu, wine selection, environment and the successful combination of restaurant, bar and some outside catering, to a variety of events and corporate functions.The welcoming, comfortable and fully licensed, contemporary restaurant currently has seating for 60 covers on the ground floor including a fully stocked bar. The Restaurant benefits from a significant location in this affluent and established dining area in this busy Central London location and has a prominent frontage that comprises of a large glass concertina frontage, while the interior has a distinct Mediterranean feel.
This successful business offers customers an opportunity to spend time enjoying a high quality Italian lunch or evening meal prepared in continental style to the highest standards and which can be accompanied by the high quality wines from different continents that are held in stock. In addition to the name they have for their pizza’s they also offer breakfasts and have some outside catering.
This business has significant scope for growth and an increase in revenues, having reached its current level of turnover in just 5 years with the current owner and there is still a lot of growth to be achieved. Potential exists for further increases by developing the business’s reputation for special occasion catering such as weddings, birthday parties, corporate events and meetings etc.
The business enjoys a prime high street location in an area that is currently experiencing civic and commercial development and investment. The business' turnover benefits from its prominent position and being the best Italian restaurant in the area. The business is situated among other successful and well-known restaurants, shops, department stores, banks and building societies and is evidenced by the volume of passing trade. It is also opposite a tube station and exhibition centre.
Exemplary relations with customers ensure that customer service and product quality is never compromised and that customers receive the highest possible quality of service and this has led to the existing high levels of return custom. This commitment to customers has underpinned the business' abilities in service quality and sustained business success.
Employee details
Fulltime staff:
11
Parttime staff:
0
