 | Delicatessen Bar & Restaurant For Sale Nottinghamshire, United Kingdom Advert ref: N501 FINANCIAL DETAILS | Asking price: £450,000 Sales revenue: £500k < 1m Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to offer for sale this business, which is a truly unique concept combining retailing of the best foods from across Europe with a bar/restaurant with a very Italian flavour.
The premises are fully licensed to serve drinks throughout the day and evening in the bar/restaurant. This also allows a very special range of alcoholic drinks to be sold in the delicatessen. These include some of the best Italian wines and a range of real ales.
The business occupies a prime, 5000 square feet location near to a city centre and in a developing area.
The business is showing a strong growth in performance since it was first formed some four years ago. The projections are for this growth to continue.
There is scope to develop the business through extending the hours of operation at the current location and also repeating the successsful formula in other towns and cities.
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GENERAL INFORMATION | Years established: 4
Employees: The business is fully staffed with a mix of full and part time employees.
Trading hours: Monday – Friday 9.00 am – 8.00 pm, with last orders in the restaurant at 7.00 pm. & Saturday 9.00 am – 7.00 pm, with last orders in the restaurant at 6.00 pm.
Property: Leasehold
Lease terms
The premises are leased on a 15-year lease, which commenced on 25th March 2003. The current annual rent is £40,000 and there is an annual service charge of £2,000.
Location
Strong retail location close to the city centre and in the heart of exciting developments.
Expansion potential
Opportunities exist to operate longer hours at the present location. The concept could also be introduced to other towns and cities throughout the UK.
Competition / Market
There is little direct competition for this business.
Support & training
The current owners will ensure a smooth transition.
Reasons for selling
The directors are planning to retire from business and emigrate.
Related documents
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The Business Partnership - Derbyshire, Nottinghamshire, Sth Staffs, NW Leics | | | |
