Wine Bar & Italian Restaurant For Sale

Business description

Advent Business Sales are pleased to offer for sale this popular wine bar and Italian restaurant.

Established 4 years ago and with current ownership since 2006, the business has reluctantly been offered for sale as the vendors have a strong desire to emigrate.

This well appointed restaurant has the capacity for 30 covers inside with further space outside in the courtyard, which has currently not been utilised to its full potential.

The menu includes a wide range of traditional and authentic Italian cuisine, which is all freshly prepared on the premises.

The menu caters well for vegetarians and for those who have a specific dietary requirement.

The business trades predominantly in the evenings, however, extended hours can be arranged for private parties and functions.

The premises are maintained to a high standard.

To further increase trade and awareness, charity events and dinners are organised which attracts regular customers.

The setting is quite unique, as the restaurant is cellar level with entrance from the ground floor. This adds to the friendly mood and creates a pleasant ambience.
REF: 8947NG

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 10 years
Remaining lease: 6.5 years
Review every: 5 years
Rent: £9,500 per annum

We are advised that the annual business rates are currently: £670

Living accommodation:

Well appointed lower level restaurant with a town centre location and briefly consisting of the following: Ground Floor • Entrance • Ladies and gents w/c’s • Storage • Door leading to courtyard • Stairs to lower level restaurant • Lounge area with comfortable seating and bar area fully stocked and free of tie • Leading into 30 cover restaurant • Fully equipped commercial kitchen External • Courtyard to rear, which can accommodated further seating • Parking to front

Location:

Our client is ideally located in a prominent location in Newark town centre. The business is located next to a number of offices with several shops, businesses and the historic Newark castle within yards of the premises.

There are several parking facilities in the town centre and ample free parking in the evening with the use of a private car park to the front of the premises in the evening.

The area is accessed via the A1 and A46 less than a mile away.

Other information

Expansion potential:

The premises is not limited in the type of food offered, it could easily accommodate a good quality Indian or Chinese restaurant.

Alternatively, a number of usages such as a private members club or a coffee shop could prove beneficial for the area.

Trading hours:

Wed – Fri: 6.30pm – 9.30pm,Sat – Sun: 12 noon – 3.30pm &6.30pm – 9.30pm

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

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