Overview
- Updated On:
- July 20, 2022
Description
Offers Over £125,000 leasehold
This confidential restaurant is a very busy, renowned family-run Italian restaurant in Beverley, with up to 90 covers in a fantastic location, this is a superb business opportunity.
BULLET POINTS
– Large Italian restaurant
– Up to 90 covers
– Award winning restaurant
– Large car park
– Well established
– Available freehold or leasehold
– Turnover currently £17,000 per week
– Fully staffed business
– Great development potential
SUMMARY
An iconic Italian restaurant in Beverley, well regarded and very busy.
Current turnover of £17,000 per week, this is a fantastic opportunity for someone wanting their next challenge or a further restaurant in Beverley
The family run restaurant is offered to market as freehold or leasehold.
LOCATION
The restaurant is located in Beverley town centre, ideally located adjacent to ‘Butcher Row Car Park’ (which is free after 6pm) it is close to Marks & Spencer’s and the Tesco superstore.
Beverley is a beautiful historic town in Yorkshire, boasting a minister it attracts tourists throughout the year. The county town of East Yorkshire, Beverley is a vibrant and busy town with a large catchment area.
DEVELOPENT OPPORTUNITY
We have been advised by our client that a previous application for a development of 12 flats was granted by the planning officer.
CURRENT TRADING HOURS
Tuesday to Saturday 16:30 – 21:30
Sunday 15:00 – 20:30.
FIXTURES AND FITTINGS
All fixtures and fittings not personal to our client are included in the sale.
TENURE
This restaurant is available to buy as a freehold business at ‘Offers Over £600,000’ or as a leasehold business, at offers over £125,000
Our client is offering a new assignment for a term to be agreed with a rent of £40,000 p/a.
TRADING INFORMATION
Full accounts are available upon request.
We have been advised by our client that the weekly sales are £17,000 on average.
Accounts for the year ending 31st August 2019 show a turnover of £569,167.
