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Award Winning 70 Cover Italian Restaurant For Sale

Cardiff, Cardiff
Asking Price:
£379,950
Turnover:
Available on request
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market this good quality, high end Italian restaurant set within a two-storey mid terrace property with a prominent frontage offering an attractive trade patio with space for 20 covers and patio heaters.

The owners have run the business for the past 16 years and are now looking towards a well earner retirement.

The restaurant offers more than 50 covers with a further 20 on the front patio and has an excellent reputation for offering a varied menu of classic and contemporary Italian and Mediterranean cuisine, they also offer a takeaway service as well.

Presently the business has a good turnover, however this could be much improved with opening longer hours and developing private parties and more corporate activities. At present the owners run on reduced hours to suit their lifestyle and only open 6 evenings a week and have a 2-week holiday shutdown.

We believe from the owners that they have won many awards including the South Wales Echo food & drink award and have been awarded TripAdvisor certificate of excellence year on year.

There is also a full premises license, so the new owner could easily re-orientate the business towards a wine bar or Bistro style if they felt appropriate.

Location
Stefanos is situated in the very popular and sought-after area of Pontcanna which is 5-10 minutes’ walk from the centre of Cardiff; which boasts numerous attractions including the Principality Stadium, Cardiff Castle and well-developed retail and leisure facilities.

Cardiff is the capital and largest city in Wales and the eleventh-largest city in the United Kingdom. This is a very desirable location, with commercial property being in high demand.

Premises
Stefanos is situated in the very popular and sought-after area of Pontcanna which is 5-10 minutes’ walk from the centre of Cardiff; which boasts numerous attractions including the Principality Stadium, Cardiff Castle and well-developed retail and leisure facilities.

Cardiff is the capital and largest city in Wales and the eleventh-largest city in the United Kingdom. This is a very desirable location, with commercial property being in high demand.

Tenure
We are advised that the business is being sold as a Freehold opportunity.

Hours
Monday – Saturday: 6.00 pm to 10.30 pm
Sunday: closed

Staff
The restaurant is run by the current owners and various part time staff.

Financial Profile
The business generates a healthy turnover, figures are available upon request.

According to the VOA website rates payable of £2,424 per annum.

Property information

Property:

Freehold

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