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Successful Bistro Leasehold In North City Centre For Sale

North City Centre, Dublin, Ireland
Asking Price:
€129,950
Turnover:
€350,000
Net Profit:
Not applicable

A great business opportunity!!! Leasehold sale

Asking price: offers in the region of €129,000
(One Hundred and Twenty Nine Thousand Euro)

Background:

This well established Café, Restaurant & Takeaway business has been an habitual destination for the Many Local Workers, Business People and City Visitors to this wonderful upgraded part of the city, just metres from O’Connell Street which People have been visiting for decades. The Business recently rebranded and trading has been operating at it's North City Centre Location Over 11 Years, growing in reputation and turnover since day one. The ethos is simple, reasonably priced Italian Style quality food served efficiently in a neat smart café environment. More recently the Business has been slightly altered to be more Covid compliant and to tap into the New Grab and Go Trending Market. The Unit has Excellent Prominent Location along the recently rejuvenated North Street District with the Nearest Luas Stop Metres from the front door. The Business is Currently Owner managed and would really suit this sort of hands on approach probably 5-6 staff on those very busy days which run from Mid-March right up to Christmas.

Location

Well it is Location Location Location , Taking up a huge street presence with 6 large Panoramic Windows overlooking one of Dublin's Main Streets, with an eye-catching Well Maintained Façade. This Striking centrally located unit, just minutes from O’Connell Street with 1000’s of daily shoppers and International Visitors which seasonally can draw up to 10,000 visitors per week-end . The business is a great meeting place for many loyal customers but also in recent years has been doing well with out of town shoppers looking for that Pick-me-up Lunch or Evening Meals, as locations go it doesn’t get much better.

Financial information
(A) Terms of lease
(B) Lease Duration: 20 Years Remaining on a 30 Year Lease (Renewable Lease)
(C) Rent: A mere €675 Per Week.
(D) Lease and Equipment - Price €129,000 (Includes, Stock, Fittings, fixtures decor & Sundries).
(E) Rates: Less than €115 per Week
(F) With a turnover of over €350,000 per annum. (with Strong Margins & Huge Potential).
Official Accounts available after offer received…

Staff compliment

The owner is Hands-on and indeed has been from day One. He works alongside a A Team of Customer Focussed Staff. Usually 5 Full Time and 5 Part-time will suffice but as the area grows and The Season gets more active this may run to a larger compliment . (The owner wishes to take on a different project hence the sale of this wonderful unit). The Current Well Trained Staff could be approached with a view to Stay-on to help this business to the next stage.

Potential

This Wonderful Unit Currently operating from Mid-day – 10pm with a Full Bar & Wine License, The Business also has a Take-Away License that could be greater tapped into for office deliveries etc. The unit has permission to trade from 7am – 1am this unit would make a wonderful breakfast/lunch eatery with perhaps a softer Fine Dining Experience in the Evening Times. Depending on owner appetite the potential is enormous - already recognised for it’s quality and simplicity, this is the go to place. This Business is all about Location and Street Exposure with endless passing Trade. The unit has a huge footfall of Luas Passengers and Shoppers alighting on the Doorstep…The Very Prominent Position will lend itself to any Cuisine Style. Slush Puppies, Ice-Creams, Takeaway Coffees/Sandwiches would be a Daily Winner at this key site.

Décor and venue style

This is a Particularly Bright Sharp Well Finished Unit of some 150m2 (over Two Levels) with a Traditional Café Layout of tables and chairs.. The Business makes full use of all possible seating space as seating is of a premium in this well-oiled Eatery. With tones Cappuccino and very Smart Hard Wood Tables & Chairs this has the feel of an authentic Italian Restaurant. The Very Impressive Bar Area is The Hub of the Business with Lots of the latest/fashionable Glasses on display. Hardwood Furniture running through the colour scheme it does exactly what it needs. Perhaps it could benefit with softer touches for a more lucrative evening trade potential. Neat and Neutral Seating 30 Café Style Seats . W/C Facilities are located on café level and are fully compliable to Disability Access, they are very clean, fresh and smart,

Opening hours

Current Owner opts for 12 Mid-day to 10 pm

Details of any assets

This is a Full complement business of approx. (150m2) with a Spacious 30 Seats, Equipment List goes on forever. Hot Plate – Six Ring Burner – Double Deep Fat Fryer – In-Line Pizza Oven – Dough Maker – Ovens – Under Counter & Prep Fridges, Walk-in Cold Room – Stand-Alone Fridge – Chest Freezers – Staff Locker Area – Washer/Dryer. Full Wash Up Equipment – Grease Trap – Strong Extractor System. This Lease is been sold as seen with all equipment display fridges, furniture included along with a multitude of prep essentials and kitchen equipment. (A full list of equipment can be given at viewing stage) By far the biggest asset is the fact that the business is a known quality eatery with a captive audience of shoppers and visitors. Truly a Turn-Key Business in every sense of the word – what you waiting for ?

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

Location:

North City Centre --- Super Location

Premises Details:

150m2 Over 2 Floors 30 Seater - Large Kitchen - Lots of Storage

Business Operation

Reasons for selling:

Current Owner Moving to Larger Project

Trading hours:

Unlimited

Employees:
8/10
Years established:
11

Other Information

Furniture / Fixtures value:
€40,000
Inventory / Stock value:
€3,000

Contact Information

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