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4 St James Terrace, Lochwinnoch Road, Kilmacolm, PA13 4HB
• Recently refurbished & extended Italian restaurant & bar (50 covers)
• Designed & fitted to an exacting standard (£200k refit)
• Prime trading position within desirable & affluent village
• 2019 Sales £380,212 net of VAT
• Gross profit £268,916 (70%)
• Adjusted net profit circa £70,000 (before rent)
• 6-day trading only. Potential to increase turnover
• Flexible terms/ incentives available
The property has been in our client’s family since 1979 and traded for many years as Pieri’s, however after undergoing a further refurbishment in November 2018, they reopened as Punto d’Incontro (The meeting place), which is proving extremely popular, and enjoys a loyal and regular customer base derived from Kilmacolm and surrounding villages including Bridge of Weir, Houston, Johnstone and Greenock.
The business benefits from a strong reputation and serves a good selection of traditional, freshly made Italian food such as pizzas and pastas, as well as a weekly specials board with locally sourced fish and meat etc. The business offers a range of menus including breakfast, lunch, pre-theatre and a la carte, as well as an extensive cocktail and drinks menu.
The business currently trades 6 days a week, closing on a Monday, and opens at 8:30 AM until close, which is usually about midnight on a Friday/Saturday, and a bit earlier Sunday to Thursday. There is undoubted potential to increase turnover further by opening on a Monday should a new owner choose to do so, as well as by introducing deliveries.
Our clients are prepared to offer a fresh, full repairing and insuring (FRI) lease, for a period of negotiable duration, and are seeking initial rental offers of £25,000 per annum.
£25,000 per annum
The business benefits from a prominent trading position on St James Terrace, and forms part of a vibrant retail parade, on the B786 Lochwinnoch Road, the main thoroughfare in the heart of Kilmacolm, a highly desirable and affluent village which lies within the Inverclyde Council area in Renfrewshire.
Kilmacolm itself is an extremely picturesque village and benefits from a real community feel and offers a good retail mix of both local and national operators, pubs & coffee shops. In addition, it benefits from several excellent leisure facilities including two parks, cycle routes, tennis courts, rugby and hockey pitches as well as Kilmacolm Golf Club. It is also the centre for St. Columba’s Junior and Senior schools.
Kilmacolm is a popular commuter village with good transport links to Glasgow City Centre which lies approximately 15 miles east. It is also a 15-minute drive from Glasgow Airport.
The subjects are accessed directly from St James Terrace via an attractive glass entrance vestibule, positioned to the right-hand side of the large display frontage, with prominent signage above.
Internally, the premises have recently undergone a complete refurbishment as well as being extended, with a £200k spend, and have been designed and fitted to an exacting standard throughout, with high quality finishings, including stone effect wall tiles, Karndean flooring and stylish LED mood lighting throughout. The premises also benefit from new air conditioning and a CCTV system.
A large, stylish bar/servery is positioned to the left-hand side of the premises and is fully equipped with a range of equipment including a 3-group coffee machine and grinder, glass wash and ice machines, draught Birra Moretti system, under counter bottle fridges, as well as EPOS till system and Denon music system.
The premises can comfortable seat approximately 50 customers by way of comfy booths, loose tables and chairs, as well as bar stools positioned at window tables and around the bar.
Large, fully fitted catering kitchen with separate dish wash area
Male & Female/disabled toilets
Walk in chill
2 good sized store rooms with fridges/freezers
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