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Reputable Italian Restaurant In Rugeley For Sale

Rugeley, Staffordshire
Freehold Price:
£814,995
Leasehold:
£149,950
Turnover:
£303,193
Net Profit:
Available on request

Established Since 1997
**Accounts Year End --.--.----**
Annual Turnover £303,193 (Audited --.--.----)
Projected Sales for 2018/2019£320,000
Gross Profit £95,027 (Audited --.--.----)
Inc. 3 Bedroom Accommodation
Seating for 114 Customers
Fully Licensed Bar Free of Tie
Closed Sundays and Mondays
No Immediate Competition
EPC - C

Blacks Brokers is delighted to offer for sale this exceptionally well-presented restaurant, which has been in the careful ownership of our client for many years.

The business, which is run and managed by our client with the assistance of staff, achieves a very respectable annual turnover exceeding £266,004, which is achieved over a 48 week trading period and from evening trade only, as the restaurant is closed at lunchtimes and only opens Tuesday to Saturday.

This offers a new owner immense potential to increase the turnover by extending the opening hours and trading all year round. The business is only now being placed onto the market due our client’s desire for a well-earned lifestyle change. The restaurant has always seen excellent levels of repeat custom, and new customers appear regularly, due to good word of mouth referrals and the high visibility location.

This is an exceptionally well-presented restaurant, which could cater for almost any type of cuisine. The property benefits from having very well-presented and sizeable living accommodation, which is an added bonus for a new owner. We feel that this opportunity offers a new owner an excellent base to build upon and we urge early viewing of this charming restaurant.

The restaurant has an excellent reputation gaining a 4.5 star Trip Advisor rating from 213 reviews, received a certificate of excellence, listed as the number 1 Italian Restaurant in Staffordshire and has a 5 Star Food Safety Inspection rating. Furthermore there is no other Italian Restaurants within a 7 mile radius.

The restaurant caters for 84 covers internally in its standard format and can accommodate up to 94 for special occasions. There is also a delightful terrace at the front of the building which accommodates 20 covers during fine weather conditions. There is also plenty of potential to increase the sales potential by transforming the private garden at the rear into a beer garden and if desired the domestic accommodation on the first floor could be converted into an upstairs bar, private function facility or additional restaurant space.

This very well presented and very versatile restaurant is located in a beautiful historic town in Staffordshire. The property is a short distance away from the town centre and has excellent visibility from the busy road network. The town is a hugely popular business and residential location, due to its beautiful neighbouring countryside, fine housing, good schools and hospitals, excellent central shopping facilities and historic attractions. The town also benefits from being very accessible via the M6 motorway, which is situated less than 7 miles away making visiting and commuting very easy.

Property Information

Property:

Available as freehold and leasehold

Business Operation

Trading hours:

Wednesday 6pm–12am
Thursday 6pm–12am
Friday 6pm–12am
Saturday 6pm–12am
Sunday Closed
Monday Closed
Tuesday 6pm–12am

Other Information

Leasehold asking price:
£149,950

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