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Colosseo Italian Restaurant – Scunthorpe

300,000 GBP
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Overview

  • Updated On:
  • September 27, 2022

Description

Colosseo
10 Ravendale St N, Scunthorpe DN15 6NJ

Offers Over £300,000 freehold

Colosseo is a fantastic, stunning restaurant, very well established, in a fantastic location in the middle of Scunthorpe town centre.

BULLET POINTS
– Beautifully presented Italian Restaurant
– Weekly Sales of up to £6,000
– Superb Location & very profitable
– One of the best restaurants in Scunthorpe
– Dining for up to 60 people
– Outside seating for 12
– Incredible amount of kitchen equipment
– Close to the town centre
– Great opportunity to increase revenue
– Award winning restaurant

SUMMARY
Colosseo is a well-established award-winning Italian restaurant.
The restaurant is very well designed, stylish and very well equipped.
Rated #2 on TripAdvisor, with over 4,000 check-ins and over 2,000 followers on Facebook

LOCATION
Colosseo is on Ravendale Street, close to the centre of Scunthorpe town, perfectly located between the town centre drinking area and the VUE cinema, it also benefits from free on street parking in the evening.
The area is also surrounded by residential properties.
Scunthorpe is an industrial town with a high employment level, home to the U.K.’s largest steel works, it is the third largest settlement in Lincolnshire.

DEVELOPMENT OPPORTUNITY
The business could be developed further by opening seven days a week, increasing the opening hours, adding new products and offering a delivery service.

FURTHER INFO
Colosseo has over 2,000 followers on Facebook, they also have a designated website at https://colosseorestaurant.com/

CURRENT TRADING HOURS
Wednesday to Sunday 17:00 – 22:00

FIXTURES AND FITTINGS
All fixtures and fittings not personal to our client are included in the sale.
The restaurant has very high-quality furniture.
The kitchen is very well kitted out, complete with a walk-in fridge, pasteuriser for making ice-cream, griddle, ovens, mixers and pasta boilers.

STAFF
All staff are subject to TUPE.

TENURE
Colosseo is available as a leasehold business and offered to the market at offers over £50,000, our client is offering a new lease assignment to the incoming party for a term to be agreed, the rent is £18,000 per annum.

TRADING INFORMATION
Full accounts are available upon request.
Accounts show a turnover of £314,000, generating an adjusted net profit of over £40,000.
The restaurant is currently taking £6,000 per week.

 

State/County:
Country: United Kingdom
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Property Id : 22986
Price: 300,000 GBP

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Simon Burbridge

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