Leasehold Italian Restaurant, Sutton Coldfield, West Midlands, B74

Leasehold Italian Restaurant Located In Sutton Coldfield
Licensed A3 Consent
Ref 2934

Location
Veritas Business Sales are delighted to offer for sale this respected Italian Restaurant which is located in Sutton Coldfield.

Asking Price £199,950 plus SAV (£10,000)

Business Description
Veritas Business sales offer to the market this outstanding Italian Restaurant which is located in Sutton Coldfield. The premises has been a restaurant since 2005 and has been in careful hands of our clients since 2009. They are now offering the restaurant for sale so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Turnover is £463,439 with a GP of £302,080 (65%) producing a pre tax profit of circa £135,000. The menu offers a fine range of authentic Italian cuisine, to include a la carte, daily specials and on Sundays you have a traditional English roast dinner. All meals are freshly cooked to order using only the finest high quality produce and can be accompanied with some fine wines and enjoyed within the cosy (108) cover restaurant.
We believe that there is further potential to increase revenue should you wish, by extending the current opening times. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.


Leasehold
Term: 15 years
Remaining: 10 years
Rent: £28,000 plus vat pa
Reviewed: 5 yearly
Service Charge: £4,000 plus vat pa
Business Rates:£3,181.12

Ground Floor
Entrance door leading into the bar area comprising: customer seating area, condiments trolley, serve over bar with stainless steel sink, glass washer (Dexion), 2 x 2 door undercounter drinks fridges, 2 door undercounter dessert fridge, espresso coffee machine (Fracino), coffee grinder (Espresso Italia), filter coffee machine (Bravilor Bonamat), undercounter freezer and storage shelves.
Restaurant with seating for (70), cutlery/condiments cabinet, wine fridge, serve-over pass from the kitchen and stairs leading to the first floor restaurant.
Wine stores.
Hallway with cloak room area, 2 baby high chairs and rear exit door.
Ladies W/C with wash basin, wall mounted hand dryer and wall mounted mirror.
Gents W/C with wash basin, wall mounted hand dryer and wall mounted mirror.
Commercial kitchen comprising: stainless steel upright fridge (Foster), stainless steel worktop with 2 door undercounter freezer (Polar), stainless steel worktop with 2 door undercounter fridge (Electrolux), meat slicer, 10 x wall mounted metal shelves, gas deep fat fryer (Electrolux), 6 burner range (Electrolux), solid top with oven (Electrolux), hot cupboard with 2 x metal shelves and pass, 2 x commercial microwaves (Samsung), stainless steel worktop, gas char grill (Champion), salamander grill x 2, extraction canopy x 2, 8 burner range (Imperial), stainless steel worktop with 3 door undercounter fridge (Electrolux), stainless steel double sink, wall mounted utensil rack, wall mounted knife rack, wall mounted paper towel dispenser, stainless steel wash basin, electric deep fat fryer, pot-wash area with stainless steel double sink with directional hose and dishwasher (Class EQ).

First Floor
Restaurant with seating for (38), cutlery cabinet and condiments area with undercounter fridge.
Dry stores with ice cream freezer (Zanussi), 3 x storage racks, staff changing area, staff lockers, upright fridge (Imperial), chest freezer (Esta) and glass washer (Whirlpool).
Storeroom.
Ladies W/C with wash basin, wall mounted paper towel dispenser, wall mounted mirror and wall mounted electric heater.
Gents W/C with wash basin, wall mounted paper towel dispenser, wall mounted mirror and wall mounted electric heater.
The restaurant benefits from 4 air-conditioning units which also blow hot air when required.

External
Rear parking for (5). More parking available of an evening. Lean-to with bin area, ice machine, dry stores with upright freezer, walk-in cold room with 2 x storage racks.