 | Long Established Beautifully Presented Italian Restaurant For Sale Chesterfield, Derbyshire, United Kingdom Advert ref: 1486GT FINANCIAL DETAILS | Asking price: £200,000 Sales revenue: £600,000 Net profit: £100,000 Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | A very long established, quite beautifully presented and equipped Italian Restaurant, occupying a superb trading position at the heart of Chesterfield town centre. Surely amongst the foremost and most impressive restaurants in Derbyshire and the surrounding area, Renato’s Restaurant is an extremely well known, high turnover business with the benefit of an excellent reputation for fine quality food, ambience and customer service.
Renato’s Restaurant serves an extensive menu of traditional Italian food including pasta, meat and seafood dishes, pizzas etc. but would equally be suitable for adaptation to any type of cuisine. The restaurant offers seating for up to 220 customers in two separate dining areas including a large function room, with a spacious bar area and a large and quite superbly equipped kitchen.
The business has been owned and successfully operated by our client since 1988, with the restaurant having undergone considerable refurbishment and continuous upgrading during this period, with the kitchen benefiting from a state of the art refit costing circa £60,000.00 in the early part of 2007.
Renato’s Restaurant achieves it’s very significant turnover from only six evening’s trading per week, and would clearly benefit from extending the opening hours to include lunchtimes, further marketing the function facilities, or promoting live music and speciality evenings etc.
The business is now offered for sale due to the impending retirement of our client from the restaurant industry, and represents an exciting and very unusual opportunity for the enthusiastic and entrepreneurial new owners to acquire a superb business of the very highest quality, ripe for significant further development with a very high level of income genuinely achievable.
The business achieved a record turnover of £19,000.00 during April 2008.
Very spacious, quite beautifully and tastefully presented, superbly equipped restaurant premises, having benefited from a continuous and thoughtful programme of updating, refurbishment and refitting under the 20 year tenure of our client. Very briefly, the premises comprise:
Well situated and tastefully designed, imposing restaurant frontage and customer entrance; very spacious, beautifully furnished main restaurant area with seating for 100 diners; pleasant fully equipped bar and coffee area; wine storage area.
To the rear of the premises is a further large, beautifully fitted and furnished dining area and function room with seating for up to 120 diners.
Separate, very large, fully refurbished and refitted kitchen with an extensive range of high quality professional appliances and equipment, including full extraction system; separate pot wash area.
The premises also benefit from a large basement storage area and separate cellar with delivery access.
Please Note: The premises have undergone a programme of continuous development and improvement whilst under the 20-year ownership of our client, and were fully redecorated throughout during April 2008.
Offers: All offers are for the leasehold business, goodwill, fixtures and fittings and should be made to this office.
Finance: If you need help or advice please contact us. Our in-house Finance Department specialises in arranging the funding of business purchases such as this.
Terms & Conditions: Please read our Terms & Conditions on the reverse of page 1 before proceeding.
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GENERAL INFORMATION | Property: Leasehold
Lease terms
Our client informs us that the premises are held on a 25-year lease from 1988.
Rent: £7,700.00 per quarter.
Location
Chesterfield is a pleasant and popular, well-positioned North Derbyshire market town, close to Sheffield, Nottingham, Derby, with easy access to and the M1 motorway and major road networks, and the glorious Peak District countryside quite literally on the doorstep. The Restaurant is superbly positioned at the heart of the town centre, with the benefit of on-street parking to the front of the premises, and a large pay and display car park immediately to the rear.
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The Business Partnership - South Yorks, North Notts, North Derbys | | | |
