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Stunning Authentic Italian Restaurant
Prominent Town Centre location

Ref. AC362

Location : Suffolk

Asking Price : £110,000 Inc. Assets

Turnover : £190,000

Net Profit : £42,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : £50,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Business highlights includes:

Turnover circa £190,000 (2019 estimate)
Net profit circa £42,000
Stock & Equipment Asset Value circa £50,000

Current owner trading successfully for 3 years
Excellent location
Superb Expansion Opportunities
Very well established and fully licensed
Repeat custom
5 star reviews
Excellent, experienced Chef and staff
Full Training and handover

Business Profile

This business has operated as an authentic Southern Italian restaurant on this very prominent, high street location for 3 years and was purchased by the vendor with the intention of creating a vibrant, addition to this town in the heart of Suffolk, serving a delicious range of Southern Italian dishes which have received excellent reviews.

The Italian owner carried out a stunning refurbishment of the premises to transform the building into a delightful and unique restaurant.

Since refurbishment of this period building to a high spec kitchen and chic dining area décor, the restaurant has been busy since day one and has proved to be extremely popular with local residents who enjoy the atmosphere and high quality food on offer.

The menu is made up of traditional Italian dishes, including a very popular range of pizza, pasta, meat and fish dishes with a varied selection of starters and side dishes. The restaurant is fully licensed.

The owner has produced a truly amazing drinks menu with a phenomenal range of handcrafted gins, as well as other spirits, wines and beers.

The business does not rely upon seasonal custom but rather, takes advantage of this discrete town’s busy commercial and residential population, which has led to consistent non-seasonal trading.

Due to its desirable setting the restaurant enjoys high levels of awareness and footfall. The unique atmosphere results in high levels of repeat business and strong word of mouth recommendation, bearing testimony to the excellent reputation its dining experience throughout the area.

The premises has 38 covers indoors situated on the ground floor. The kitchen is fully fitted with a pizza oven. There is a suitable storage area, prep room, and dry store. Rent is approximately £19,800 per annum.

There is currently 1 full-time chef, 2 front of house, together with a part-time dish-washer during busier periods.

Key Strengths:

• Location
• Well known in the area with excellent reviews
• Popular menu
• Modern high spec kitchen facilities
• 10 years left on lease
• Friendly and amenable landlord
• Profitable
• Great expansion opportunities

Key Opportunities:

This is very much a “more of the same” opportunity at its heart, though the opportunity remains to open the restaurant on the remaining days of the week, holiday periods and to introduce an outside catering offering.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover circa £190,000 (2019 estimate based on 11 months actuals)
Net profit circa £42,000
Stock & Equipment Asset Value circa £50,000

The Asking Price is for 100% of the ownership of the company based on Net Assets being circa £50,000. There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.

Advertising and Marketing:

The business has an attractive website and relies very successfully upon word of mouth recommendation, social media following and its loyal customer base. Online booking is available.

Premises:

The premises are a sensitively refurbished period building in a market town of similar architecture and situated among other busy and prosperous businesses.

The premises has 38 covers indoors and potential to expand this with a further 20 covers in the basement. There is also potential to expand the property to the rear to create further covers or an alfresco dining experience. The kitchen is fully fitted with a pizza oven. There is a suitable storage area, prep room, and dry store. Rent & rates (100% relief) are approx. £12,000 per annum.

The restaurant is located in the heart of a residential and commercial area of Suffolk and is ideally placed on a busy high street with plenty of parking available. The premises are leasehold with 10 years remaining. The restaurant is currently on the ground floor and includes a very well stocked bar with seating at the front of the premises. The kitchen is extremely well fitted.

Business Hours:

The restaurant is open from Tuesday to Saturday evening with a lunch service on Friday and Saturday only. There is an opportunity to expand the weekday lunchtime offering.

Support and Training:

The vendor is happy to support the new owner to ensure a smooth handover.

Reason For Sale:

The owner is moving back to Italy to pursue other business interests.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk