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Successful Italian Restaurant In Scunthorpe For Sale

Scunthorpe, Lincolnshire, UK
Asking Price:
£99,950 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
£100K - £250K

SOLD

Lucio’s

Lucio’s is a large restaurant, very well presented, in a fantastic location on the main road in the middle of Scunthorpe town centre.

Bullet points

Beautifully presented Italian Restaurant
Weekly Sales of up to £10,000
Superb Location
Private Car Parking for eight cars
Dinning for up to 120 people
Close to the town centre

Summary

Lucio’s is a well-established Italian restaurant

The restaurant is very well designed, and the epitome of an Italian style

Established for 33 years, our client has had the business for the 15 years.

Location

Lucio’s is on Oswald Road in the centre of Scunthorpe town, situated on the lain road, it has on street parking to the front and is flanked by many businesses.

The area is also surrounded by residential properties.

Scunthorpe is an industrial town with a high employment level, home to the U.K.’s largest steel works, it is the third largest settlement in Lincolnshire.

Development opportunity

The business could be developed further by opening seven days a week, increasing the opening hours, adding new products and offering a delivery service.

Further info

Lucio’s has over 1,300 followers on Facebook, they also have a designated website at https://luciosrestaurant.co.uk/

Current trading hours

Monday to Thursday 17:00 – 21:00

Friday & Saturday 17:00 – 22:00

Fixtures and fittings

All fixtures and fittings not personal to our client are included in the sale.

The restaurant has very high-quality furniture, a superb bar area with a walk-in drinks fridge. The kitchen has a large pizza oven, 2 x six burner ovens, five counter fridges, vacuum packer, and a meat slicer.

Staff

Our clients do not work in the business, it is operated entirely by the team.

All staff are subject to Tupe.

Tenure

Sam’s Plaice is available as a leasehold business, the rent is £6,600 + VAT per annum.

The landlord is Scunthorpe Council, the current lease has eight years remaining.

Car parking

There is also private parking for up to eight cars at the rear of the shop.

Trading information

Full accounts are available upon request.

Current trading figures provided by our client show a consistent trade of circa £10,000 per week, generating very healthy profits.

Property Information

Property:

Leasehold

Location:

Lucio’s is on Oswald Road in the centre of Scunthorpe town, situated on the lain road, it has on street parking to the front and is flanked by many businesses.

The area is also surrounded by residential properties.

Scunthorpe is an industrial town with a high employment level, home to the U.K.’s largest steel works, it is the third largest settlement in Lincolnshire.

Business Operation

Trading hours:

Monday to Thursday 17:00 – 21:00

Friday & Saturday 17:00 – 22:00

Other Information

Related Documents:

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