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City Center Successful Itialian Pizzeria And Bistro For Sale

Off O'Connell Street, Donegal, Ireland
Asking Price:
€84,999 Furniture / Fixtures included
Turnover:
€250K - €500K
Net Profit:
Not applicable

Restaurant / Bar / Hotel To Let - 807 sq. feet (75 sq. metres)

Business available for Offers of around 84,999 Euro Fittings/Equipment/Furnishings.

Established City Centre. Authentic Italian Bistro & Pizzeria Business for Sale.

BACKGROUND: This long established eatery has been an habitual destination for the Many Local Businesses, Daily Shoppers & Tourists due to it's Spectacular Location and Great Authentic Italian Food. Under The Strong and Caring Management and Ownership for over 25 Years at this Site, this business has truly stood the test of time. Trading as a Quality Bistro doing Traditional Breakfast, Lunch and Evening Meal Service, Takeaway and Delivery this unit although renown for it's Super Italian Food could indeed adapt to suit many different Sit-In/Delivery Cuisines. LOCATION: Just off O'Connell Street, this is a very prominent - centrally located unit, just metres from the Dublin's Landmark Spire. Nestled in a Row of Busy Retail Outlets with Great Street Exposure Opposite Tesco, Close to Marlborough Street Luas Stop, 40 Metres from Dublin's Famous Theatre, Short Walk To Dublin's Major Connolly Station with commuters Passing by The Minute. The Business enjoys a Super Footfall due to the Number of City Buses Terminating Metres From the Front Door. This Bustling affluent Part of Town With Many Daily Services Serving Locals, City Commuters and the Out of Town Day Trippers etc. With a Daily Footfall of over 20,000 and growing this is surely a wonderfully located Business to Serve The Hungry Masses. As Locations go it does not get much better! FINANCIAL INFORMATION (A) Terms of lease (B) Lease Duration: 7 Years Remaining on a Renewable Lease (C) Rent: €836 Per Week. (D) Key Money: €99,950 (Includes, Stock, Fittings, fixtures decor & Sundries). (E) Rates: Less than €140 per Week (F) The turnover in excess of €9,000 per week (with Huge Potential), The site can easily increase this amount. We are not offering financials at this stage, simply key money sale and an indication of turnovers. STAFF COMPLIMENT The owner is Very Hands on but has indicated the will for an easier life (hence the sale of this wonderful unit). Full time staff ( 6) and Part-time ( 2 ) POTENTIAL This Wonderful Unit In Main Stream Dublin Central is close to all major amenities and enjoys probably The Best Daily Footfall anywhere in Dublin . Currently Trading Mid-day - 8pm there is a whole new world waiting to be tapped into. This unit could easily operate as dual Purpose with day-time Bistro and Evening High End Sit-in/Takeaway or Alternative Menu's. Dé‰COR AND VENUE STYLE This Wonderful Well Loved Unit is in Particularly Superb Condition. From the Entrance you can immediately see the Authentic Passion with Amazing Decor taking you back Centuries. This Smart 40 Seater (Rectangular in Layout) has Elegance and Style with a Homely Bright and Clean Character, certainly neat and organised spring to mind. With Modern Sleek and Well Finished Lines. Comfortable but not Overboard. Feature wall is very eye-catching with it's Rustic Style Finish combined with the Soft Neutral Wall Tones. The Unit is very inviting and Spacious with a Smart Wood Flooring. The Engine Room (Kitchen) has the luxury of panoramic views of all guests, hence adding to the care and attention, which indeed invigorates the whole experience. Tables and Chairs are chic but very practical, Waiting area is clean and spacious, WC Facilities are Modern and Finished to the High Standards, all in all this is truly a Turn-Key business in every sense of the word. OPENING HOURS Midday - 8pm by (Owners Choice) Unlimited. DETAILS OF ANY ASSETS This is a FULL complement 40 Seater) Bistro of approx. (75m2) at Street Level, with a 2 Metre Up to date Extraction System, A Modern Stylish Double Integrated Pizza Oven (Separate Loadings), 6 Ring Burner, Hot Plate, Twin Deep Fat Fryer, Full Prep Area, Full Wash-up Area, Dry Goods Storage, Fridge and Freezer Units and much more kitchen equipment, Barrista, Coffee Machine, Display Fridges, POS System, fixtures, and furnishings. Its all there. The unit operates on Both Electricity and Natural Gas. At Street Level is a very inviting Entrance Area which leads to the Spacious Rectangular Dining Space of 40 Seats, Prep and Cooking Equipment all In Pristine Condition. Rear Access for Deliveries, Refuse Storage and Staff Parking. To the Rear of the Kitchen is the Dry-goods Storage and Staff Changing Facilities. The biggest asset is the fact that this business is a well known eatery in a super location in the middle of Town with a huge daily influx of potential Customers and within easy delivery access to many Businesses and Residential Properties. DUE DILLIGENCE The figures and information above is provided by the seller of the business. Further information/financials/staff contracts, the copy of lease and other details are available on the due diligence process, which documents will be open for viewing after an agreed offer is made and the booking deposit is paid to us as agents. VIEWING ARRANGEMENTS Buyers who have completed the confidentiality are welcome to visit the business as a paying customer, but it cannot be stressed any further that you are not to engage with staff other than the nature of normal customer questions. Please refrain from asking any probing questions, we have all the answers to all your questions. Formal viewings will be arranged through us as sole agents. CONFIDENTIALITY The sale is of an utmost confidential nature, and all potential buyers are requested NOT to simply arrive at the premises and talk to staff/seller direct. This agent is your contact person throughout all negotiations. Please respect the sellers herein.

Property Information

Real Estate:

Lease

Lease Terms:

7 Years remaining on Renewable 25 Year Lease

Leasehold Rent:

€43,500 per annum

Location:

Metres from Dublin's Landmark Spire

Premises Details:

75 m2 Fully equipped Bistro

Business Operation

Reasons for selling:

Owner Retiring

Trading hours:

unlimited normally 8am - 11pm

Employees:
5
Years established:
23

Other Information

Furniture / Fixtures value:
€35,000 - included in the asking price
Inventory / Stock value:
€2,000

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