Business
Please quote reference B06623
CoGoGo welcomes to the market this fantastic Italian restaurant. The business was originally established by our clients in 2019. Though our client has really enjoyed creating and growing his beloved business, he is now looking to sell due to this being too big for him.
This lovely Restaurant offers a range of dishes including artisan breads, pastas, paninis, deserts, a selection of Italian wines and chef specials.
Read More
Since establishment our clients have built up an excellent reputation for the quality and dining experience offered along with the option to take away. Along with the abundance of online, 5-star reviews across google, TripAdvisor and social media, the business also holds a 5-star hygiene rating.
As per 2019 accounts the business generated an advised turnover exceeding £297,000 with a fantastic net profit. This is a great turnover that could be increased even further by maximising opening hours, pushing advertising.
The property has recently been refurbished and so this would make a great opportunity for a purchaser looking for a walk-in trading opportunity.
Reasons to buy –
- Outstanding reputation
- Excellent location
- Low overheads with affordable rent
- Scope to expand/ increase
- Hand over period offered
- Turnkey business
Early viewings/discussions come highly recommended to avoid disappointment.
Location
This Restaurant is ideally positioned in the centre of town sitting alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing.
The business is nicely presented and maintained with clear visible signage and distinctive livery.
There is free on street parking close by.
Premises
The restaurant is immaculately presented inside and out, with excellent eye-catching signage.
Upon entrance is the seating area with bespoke, rustic décor.
To the rear of the service area is the fully fitted commercial kitchen, with easy clean flooring and wall coverings.
Customer WCs.
Tenure
We are advised that the business is being on a Leasehold basis, with a new lease to be negotiated for the new buyer. The rent is £5,625 per quarter.
Hours
The business hours are –
Monday – 3:00pm – 10:00pm
Tuesday – 3:00pm – 10:00pm
Wednesday – 3:00pm – 10:00pm
Thursday – 3:00pm – 10:00pm
Friday– 3:00pm – 10:00pm
Saturday – 12:00pm – 10:00pm
Sunday 12:00pm – 10:00pm
Staff
We are advised that the business has 10 full-time and 5 part-time members of staff.
Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £300,000. Full financials can be made available upon further contract.
Please quote reference B06623
