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Placeholder

Lavo, Oswald Road, Lincolnshire

£130,000 Offers Over
  • Ref: 414886
  • Type: Restaurant
  • Availability: For Sale
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Property Features

  • £100,000 ANP
  • Instagram-able décor
  • Great location
  • Fully managed
  • Fully refurbished
  • Very profitable
  • Over 100 covers
  • Perfect for owner operator
  • Super opportunity
  • Established over 30 years

Property Summary

One of Lincolnshire’s finest Italian restaurants. Fantastic town centre cocktail bar& restaurant. Sensational opportunity

Full Details

Lavo, Scunthorpe
Offers Over £130,000 leasehold


SUMMARY

Excellent opportunity for one of Lincolnshire’s finest Italian restaurants established for over 30 years

Fully refurbished in 2022, excellent reputation

Sales up to £25,000 per week

Fully staffed and managed

Very profitable


INTERNAL DETAILS

Deceptively large restaurant and bar offering seating for over 100 covers with a maximum capacity of 200

Please see the floorplan for further details


EXTERNAL DETAILS

Parking for up to eight cars at the rear of the property


LOCATION

Town centre restaurant in Scunthorpe, Lincolnshire


TENURE

Our client is selling the business and lease at ‘Offers Over £130,000’

10-year lease, eight years remaining, passing rent of £20,000 per annum



TRADING INFORMATION

Turnover circa £500,000 generating very healthy adjusted net profit of circa £100,000

Full accounts are available upon request


FURTHER INFORMATION

Lavo has a high quality dedicated website - https://www.lavouk.com/

Over 5,000 followers on Facebook https://www.facebook.com/LavoItalian/?locale=en_GB

Nearly 3,000 followers on Instagram - https://www.instagram.com/lavo.uk/?hl=en