Italian Restaurant Located In Solihull For Sale
Sub-Lease Or Assignment Available
2 bedroom Owners Accommodation Above
This delightful Italian Restaurant is located on the main Warwick Road (A41) in Olton, Solihull. It sits within a prominent and highly visible trading position and is surrounded by other complementary independent retailers along with Blue Chip retails such as Tesco Express and McDonalds who are directly opposite. The area immediate area is surrounded with residential properties, can be easily accessed and has plenty of free parking outside.
Sub-lease Asking Price £49,950 plus SAV (£3,500)
Rent: £30,000 pa
Assignment Asking Price £149,950 plus SAV
Rent: £10,000 pa
Veritas Business Sales are delighted to offer for sale this respected Italian Restaurant which is located in Olton, Solihull. The lease was purchased 2 ½ years ago by my client who has carefully transformed the site into what you see today. The business has been trading for 5 months and is being offered for sale so that he can concentrate on other business interests. Since ownership he has totally refurbished and 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. Also included is a website and Facebook page. Buongiorno is operated under management and has an average weekly turnover of circa £2,500. 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 5 star TripAdvisor rating. We believe that there is further potential to increase trade by extending upon the current opening times by opening lunchtimes and on Tuesdays. All the hard work has been done so this is craving a passionate owner operator to drive this to the next level. 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 new visitors. This is a superb opportunity to purchase a young business with massive 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.
Monday – Sunday – 6.00pm – 10.00pm
Tuesday – closed
Term: 5 years (Renewable)
Remaining: 2 ½ years
Business Rates: zero
Front Restaurant comprising: tables & chairs to cover (14), condiments cabinet, serve over gelato ice cream freezer, serve over chilled cake display fridge, EPOS till system (ICR software), upright wine fridge, espresso coffee machine (La Spaziale), coffee grinder, stainless steel wash basin, ice machine, draft beer tap, soft drinks dispenser, wall mounted wine racks, wall mounted metal shelf, wall mounted wooden storage shelf, glass washer (Easy), wall mounted optics, hanging glass display/storage shelves and CCTV monitor (8 camera NVR system).
Customer W/C with urinal, wash basin, baby changing unit (bambino), soap dispenser and hand dryer.
Office/storage area with beer cooling system (Vision V15), filing cabinet and glass display cabinet.
Commercial kitchen comprising: stainless steel sink, stainless steel wash basin, 3 wall mounted metal shelves, walk-in cold room, stainless steel sink drainer, dishwasher (Maid aid), dishwasher (Class EQ), electric stone pizza oven (Italinox), dual deep fat fryer (Gastrotek), extraction unit, salamander grill (Blue seal), 6 burner range (Falcon), meat slicer, commercial microwave, dough mixer, stainless steel work table with saladette, stainless steel pass with hotplate, under counter fridge (Williams), 2 under counter freezers (Williams) and double door milk fridge.
Restaurant with tables & chairs to cover (20).
Rear garden/yard with upright fridge, stainless steel work table, storeroom and vendors parking for (1).
The business benefits from air conditioning, fire alarm and gas fired central heating to the first floor restaurant
Rear door with stairs to first floor.
Open plan lounge/kitchen/diner.
Bathroom with bath (shower over), w/c and wash basin.
The accommodation benefits from gas fired central heating and its own fire alarm