Italian Restaurant Located In Bideford Town Centre For Sale
Freehold Asking Price £349,950
Leasehold Asking Price £94,950 (Rent £18,000 pa) New lease available
This outstanding and well respected restaurant is located in Bideford town centre, North Devon. Its positioned on the main thoroughfare and offers a prominent and highly visible location. The town has a population of circa 14,000 people and enjoys high levels of tourism during summer months. Bideford is an attractive town on the west bank of the River Torridge, 10 miles south west of Barnstaple on the A39 and local villages include Westwood Ho, Appledore and Northam.
Turnover: £135,743 pa
Business Rates: zero
Veritas Business Sales are delighted to offer for sale this delightful Italian Restaurant which is located in Bideford. The business was established by our clients 5 years ago and has been in their careful hands ever since. Reluctantly the business is now being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Italian Kitchen is owner operated and employs the help of 4 part time members of staff and has an annual turnover of circa £135,743 with a GP of (75.3%). They serve a fine range of rustic Italian classics which can be accompanied with some fine wines which can all be enjoyed in a relaxed and cosy atmosphere. All fayre is freshly prepared to order on site using only the finest Italian produce which has gained them a Tripadvsor certificate of excellence 2016,2017 and 2018 with a 5 star rating. We believe that there is further potential to increase trade by extending upon the current opening times and opening lunch times as well as opening on Sundays & Mondays which they currently do not do. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Tuesday – Saturday – 5.00pm – 10.30pm
Sunday & Monday – closed
Front Restaurant (4.8m x 5.8m) comprising: tables & chairs to cover (16), feature black board wall with alcoves and sales counter with feature Rayburn
Kitchen (4.1m x 3.8m) comprising: serving counter, stainless steel prep table, terracotta pizza oven (Stromboli), 3 door under counter stainless steel chiller unit, sink drainer, double electric oven (Kuk), electric oven, log store, various pans, various pizza peels, wooden dresser, hand wash basin, black board and 2 stainless steel shelves, 21 ltr dough mixer (Italinox).
Rear Restaurant/Bar (7.1m x 6.4m) comprising: 3 menu boards, tables & chairs to cover (32-36), espresso coffee machine (Expobar), wooden prep table, coffee grinder, freezer, under counter drinks fridge (Polar) and glass shelf unit.
Corridor with feature mirror leading to his/her toilets with wash basins
Pot Wash Area (2.0m x 3.0m) comprising: glass washer (Alfa), 3 stainless steel tables, dual basin sink with drainer, dual hob (Caterlite), meat slicer (Buffalo), upright fridge freezer (Beko) and upright stainless fridge.