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Popular Italian Restaurant In Portobelo Dublin City For Sale

Dublin City, Dublin, Ireland
Asking Price:
€85,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
€480,000
Net Profit:
€65,000

Urban link business brokers:- Offer to market, this long time established restaurant in the hub of Portobello. Dublin 8.

Rates: €5,800 a year
Lease: 20 years remainder
Review: Every 5 years (Due in 18 months)

€ 480,000 Pa year which equates to an average of €9,230.00 a week
Only trading 35 hours a week, can increase turnover)

The business can be enhanced much further by adding themed dinners, you can open for lunch and dinner as it is only dinner at the moment. The setting lends itself to light outside cocktails.
Restaurant is closed in August and 2 weeks over December. You can run full time!

Opening hours – size
Current trading is 4pm to 22:30 pm, but the hours have no early restrictions so you are able to open for lunch and breakfast! The total size is some 180m2 (2000 sq ft)

Menu offering
A very simple yet totally decadent menu. Almost EVERY meal item is totally authentic and made by a passionate operator. This includes the breads, mains AND desserts!
This is an ideal position for a branded PIZZA franchise to have a seated restaurant.

Décor - seating – facilities
There are a total of some 70 seating. Downstairs (ground floor) is some 16 to 18 and upstairs can take 52. A spacious wheel chair friendly WC and up the stairs on the landing is a ladies and gents separate facilities. There are two large cassette air-conditioning and heating units as well as a super old-fashioned fireplace in a semi enclosed area that can easily be cordoned off for private functions or family dinners for 14 patrons.

Kitchen facilities - planning
This is a spacious one! All equipment fully functioning, clean and a separate washing up area.
It is totally compliant and has planning for restaurant and take away. Conversion to any new menu items would not be expensive as most is there. It is a separate kitchen and for ease of waitering (and speed) a dumb waiter is in place and operating well.

Property Information

Real Estate:

Lease

Lease Terms:

20 years

Leasehold Rent:

€40,000 per annum

Location:

You are positioned on a well know boulevard/promenade visible by 1000's of cars and feet.
Nearby new hotels just completed, the LUAS line station and hoards of buses.

Premises Details:

Under lease, renewable of course and a huge visible imposing building.
In of a lick of paint and some fresh decor.

Size in square feet:
2,000
Planning Consent:

Full restaurant and take away

Business Operation

Expansion Potential:

You can open for breakfasts and lunches.

Competition / Market:

Good position now!!!!

Reasons for selling:

Leaving the country

Trading hours:

16:00 to 22:30

Employees:
Currently 4 in the kitchen and 3 on the floor/manage etc which includes the owner. They are permanent staff. Some waiters at times totally part time.
Years established:
6

Other Information

Support & training:

This seller will assist 100%

Furniture / Fixtures value:
€45,000 - included in the asking price
Inventory / Stock value:
€5,000 - included in the asking price

Contact Information

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