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Italian Bistro In Solihull For Sale

Solihull, West Midlands, UK
Asking Price:
£150,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£50K - £100K
Net Profit:
Under £50K

This delightful Italian bistro is located in Olton, Solihull.
It sits within a prominent and highly visible trading position and is surrounded by other complementary independent retailers along with Blue Chip retails such as Tesco Express and McDonalds who are directly opposite.
The immediate area is surrounded with residential properties, can be easily accessed and has plenty of free parking outside.

The owner is delighted to offer for sale this respected 40 cover Italian Bistro which is located in Olton, Solihull. The lease was purchased 3 years ago and the owner has carefully transformed the site into what you see today. The business has been trading for 24 months and is being offered for sale so that he can concentrate on other business interests.
The property has totally been refurbished and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Also included is a Website, Facebook page, a private takeaways app. Buongiorno is operated under management and has a good weekly turnover with the takeaway site + the dine in income. They serve a fine range of rustic Italian classics which can be accompanied with some fine wines which can all be enjoyed in a relaxed and cosy atmosphere.
All fare is freshly prepared to order on site using only the finest Italian produce which has gained a 5 star TripAdvisor rating.
We believe that there is further potential to increase trade by extending upon the current opening times by opening lunchtimes and on Mondays.
There is potential to create an additional covered 20 covers in the rear garden area
All the hard work has been done so this is craving a passionate owner operator to drive this to the next level.
The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visitors.

This is a superb opportunity to purchase a young business with massive potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

The owner would consider a sublease / management agreement to experienced persons if the business core is maintained the same as now.
For this option a premium £50 k is required and annual rent £30 k

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Lease Terms:

7+7 years protected lease
no business rates to pay on this property

Leasehold Rent:

£10,000 per annum

Living Accommodation:

A brand new managers flat + office/store room

Location:

Property is a mid terrace on a parade of shops at a main bussy A road ( the Warwick road ) in Solihull.

Premises Details:

Restaurant with 40 covers and fully operational + a Manager / owners flat with its own large private garden and outside store/staff room

Size in square feet:
1,200
Planning Consent:

A3

Business Operation

Expansion Potential:

Expanding to full 7 days and lunches would help to increase further the potential.

Competition / Market:

None

Reasons for selling:

Other interests

Trading hours:

6 pm - 10 pm Tuesday - Sunday

Employees:
4
Years established:
2

Other Information

Support & training:

Yes

Furniture / Fixtures value:
£75,000 - included in the asking price
Inventory / Stock value:
£3,000 - included in the asking price
Website:
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