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AC158-Restaurant Specialising in Regional Italian Cuisine - London, London £400,000 |
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An opportunity has arisen to take on ownership of a well-established restaurant located right in the middle of the nation’s capital. Established in 2004, the past few years have seen this business emerge as an exciting new player in London’s vibrant restaurant scene.
Specialising in regional Italian cuisine, the restaurant combines contemporary and rustic styles to create a truly unique dining experience. Everything on the menu is prepared from fresh food delivered daily and bread is baked on the premises. An extensive wine list ranges in price from £14.00-£100.00.
The restaurant is capable of serving 90 covers with the option of providing for a further 20 outside. The average customer spend is estimated at £40 per head. The customer base is diverse and comprised of a mixture of local residents, tourists and business people. |
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Potential: |
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Without the considerable difficulties that are often involved when attempting to break into the restaurant sector, the new owners will be free to concentrate on the opportunities available for growth. While the restaurant already caters for a large number of covers throughout the week there is potential in the form of increased opening hours and accordingly the number of customers that can be catered for during weekday daytimes. There will also be further opportunities in the future for expansio |
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Lease Details: |
The restaurant is currently occupied on a 25-year renewable freehold lease taken on in 2003. Rent is £65,000 per annum with a further £16,000 in rates payable. The property consists of a dining room, kitchen, storeroom, wine cellar, boiler room and further storage. |
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