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Prominant Italian Restaurant For Sale

West Midlands, West Midlands
Asking Price:
£145,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Business
The business was founded in this location in 2005 and prides itself on offering authentic Italian cuisine in lovely relaxed surroundings. The business is reluctantly only being sold so the owner can enjoy a well-earned retirement, but he is keen for its success and reputation to continue under the careful ownership of a new proprietor.

This fantastic restaurant has been voted the Number One Italian restaurant in the whole of the Midlands by Food Award England 2016. It also has a TripAdvisor certificate of excellence.

The sale includes a great website and a highly visible presence on the internet.

The restaurant offers private hire and is frequently booked for social occasions.

The business offers a popular set menu as well as a la carte meals and daily specials

REASONS TO BUY

Well established business with an enviable reputation and many existing customers
Absolutely beautifully presented with no expense spared in creating the ultimate dining experience
Ideal owner managed or partnership business
All fixtures and fittings included making this a real Turnkey business opportunity
Current owner would be happy to offer a handover to ensure the continued success
Little or no competition locally
Turnkey business ready for an ambitious new owner to take to the next level.
Masses of residential building locally which will drive more footfall to the business.

Hilton Smythe highly advise early viewing to avoid disappointment.

This lovely business is likely to attract considerable interest.

Location
Dickens Heath is a village and civil parish with the metropolitan borough of Solihull, it was previously part of the civil parish of Hockley Heath and is near Cheswick Green and Hollywood. Only three miles from Solihull town centre, Dickens Heath new village when complete will consist of 1672 dwellings and be home to a population of about 4000 people. The area is much sought after and is pretty much all high quality residential housing, in the centre of the development is a vibrant and attractive shopping area with a variety of independent shops and bars and restaurants. The area is popular with young and old.

The business is perfectly situated in the centre of the shopping and bar area with a large outside seating area immediately to the front and free on street parking.

The business benefits from high levels of footfall and passing trade and has many regular and repeat customers

Premises
The business occupies the ground floor only and is presented to the highest possible standards and with a real upmarket and at the same time inviting feel.

Restaurant
Glazed entrance porch opening out to a lovely reception area and bespoke bar area. Wood effect flooring to reception area and in front of the bar, bespoke counter with lovely marble worktop, range of optics and bespoke wine shelving, triple glass fronted drinks chiller, twin drawer Polar ice making machine, Fracino coffee machine, coffee grinder, customer waiting area with comfortable wicker seating with deep cushions and a glass topped coffee table.

Expensive and newly replaced tables and chairs creating 50 covers (although room for more if required) dual aspect, floor to ceiling windows creating a light and airy interior especially with the high ceilings, air conditioning, feature pendant lighting along with mood spotlighting. This really is a lovely restaurant and really needs to be viewed to appreciate just how wonderful it is and how no expense has been spared.

Kitchen.
A generously sized catering kitchen presented to the highest possible standard and comprehensively equipped to include:
Walk-in chiller
Williams larder, stainless steel fridge
Williams double commercial stainless steel fridge
Foster Commercial stainless steel fridge
Stainless steel perimeter shelving
Stainless steel preparation tables
Industrial bacon slicer
Samsung commercial microwave oven
Stainless steel sink and drainer with spray tap
Range of high level cupboards
Further stainless steel sink and drainer but also including a built in hand wash basin
Silver coloured microwave oven
M Line Plus range cooker with 6 gas burners and oven beneath
Elframo twin basket fryer
Full extraction system with stainless steel canopy
Falcon eye level grill
American range style cooker with 6 gas burners and fan oven
Blizzard stainless steel freezer

Door to rear
Staff WC with hand wash basin. (disabled access)
Dry goods/ linen Room
Generous sized room with perimeter shelving and floor storage

Tenure
We are advised leasehold; the original term was for 21 years and there are approximately 8 years remaining. The rent is approximately £22,000 per annum and business rates are currently £9500 per year. We are advised that the landlord would be happy to arrange a mutually acceptable lease for a new owner.

Hours
Lunch times Tuesday to Saturday 12-2
Dinner Monday to Thursday 6-10 Friday to Saturday 6-10.30

Staff
The business is owner managed with the help of 4 full time and 3 part time staff and casuals as required

Financial Profile
Giovanni‚Äôs Italian Restaurant generates an advised turnover of circa £354,500 as of the 2018 accounts with a gross profit of approximately £227,000.

Property Information

Property:

Leasehold

Contact Information

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