This sale is confidential. Please do not approach any staff members. All enquiries must be directed exclusively through ourselves.
Traditional Italian Restaurant– Established Since 1975.
Discretion required- View by prior appointment only
Leasehold Guide Price: £90,000 (To include new lease, goodwill, fixtures, fittings, and equipment. Stock at valuation.)
We are delighted to offer this well-established and highly regarded traditional Italian restaurant, trading successfully since 1975 and under the ownership of the current proprietors for the past 10 years. The business is being sold as a going concern and represents an excellent opportunity for either an experienced operator, expansion of a group, or someone seeking to enter the hospitality industry.
The double fronted premises are spacious and benefit from additional basement storage/wine cellar. The internal layout currently accommodates 75 covers, complemented by a bar area. Externally, there is space to seat a further 14 covers at the front of the property. There is one parking space to be included in the lease.
The restaurant holds a live music licence for Friday evenings. Licensed hours are:
· Sunday–Thursday: 11:00–23:00
· Friday & Saturday: 11:00–24:00
The business presently operates:
· Tuesday–Sunday: 12:00–14:30
· Tuesday–Saturday: 18:00–23:00
(Closed Sunday evenings)
Situated in a highly sought-after location, the restaurant benefits from strong local patronage as well as tourist trade, being only a short walk from the renowned Hampton Court Palace.
Location
Fantastic and popular dining location, ideally situated close to Hampton Court Station and Hampton Court Palace, and just a short walk from the River Thames.
Accommodation
The VOA website quotes an overall size of circa 3,000 sq ft, including the basement of 840 sq ft - please verify.
Terms
Tenure: Leasehold
Price/premium: £90,000
Rent: £45,000 Per annum
Legal fees: Not specified
Rateable value: The VOA website states a rateable value of £30,000, payable at the prevailing rate.
Lease details: New lease for a term to be agreed.
Years established: 10 years in current hands
Employees: 3 Kitchen staff plus 2 front of house.
Client involvement: Owner full time.
Specification
- Business sale
- Idyllic location
- Favoured dining destination
- Close to river
- Viewings by appointment only