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£0 £1000000

Lovely Authentic Italian Bistro

Bath, Somerset

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Archived

£80,000 +SAV

Ref: B04594

Leasehold

Overview

Please quote reference B04594

Hilton Smythe welcomes to the market this LOVELY authentic Italian Bistro occupying a superb mews setting in this sought-after City location.

The restaurant offers 35 covers over 2 floors, with a further 12 alfresco, in a premises offering much character.

The bistro offers traditional Italian cuisine with classic recipes, run by 2 genuine Italian families, to include

• Italian breads
• Pasta
• Range of second plates
• Side dishes
• Desserts, all cooked by Italian chefs.


They have a full alcohol license, offering a wide range of wines and spirits.

There is a website that can be found at http://www.rusticobistroitaliano.co.uk/contact.php

They are also active on social media to include Facebook and have good reviews on Trip Advisor.

Even though this is a busy and successful restaurant, there is still room for improvement moving forward with more advertising, longer hours, particularly to include breakfasts and a modernised website.

Turnover
The accounting information for the year ending 28th February 2017 shows a turnover of £245,751 with a gross profit of £159,815.

We are advised that the current stock level at instruction is around £3,500.

According to the VOA website the current rateable value is £11,250, however the business presently benefits from small business rate relief so has no rates payable.

Please quote reference B04594

The business is currently run by the owners and 4 other full-time members of staff.

Monday - Closed

Tuesday to Sunday – 12.00 pm to 2.15 pm and 6.00 pm to 9.45 pm

Rustico Bistro Italiano offers a superb location in Bath city centre, on an attractive pedestrianised street.

Bath is situated within the rolling countryside of southwest England and is known for its natural hot springs and 18th century Georgian architecture.

The city boasts over 400 retail shops, half of which are run by independent specialist retailers. One of Bath's principle industries is tourism, with annually more than one million staying visitors and 3.8 million-day visitors.

The area also has excellent road connections, with both the A36 and A3039 being within easy driving distance, which links to the national A-road and motorway networks.

Bristol is approximately 12 miles away and Chippenham is 14 miles away. In 2011, the population was 88,859. Bath is in the valley of the River Avon, 97 miles west of London.

The restaurant itself offers tremendous potential for the new purchaser being established for 8 years now, during which time they have built up a very loyal following. They are now looking to pursue other business interests.

The licensed Bistro which is approximately 77 sqm, is set over 2 floors.

The first floor includes restaurant area and commercial kitchen.

The basement level includes

• Further restaurant area
• Large bar
• Utility
• Large cellar storage with its own rear access
• Under stairs storage cupboard
• His and hers WC’s.


You also then have an attractive mews seating area to the front.

There is a range of equipment included within the sale as follows;

• Coffee machine
• Ice machine
• Glass washer
• Small and large fridge
• Dishwasher
• Upright freezer
• Chest freezer
• 2 x upright fridges
• 2 further smaller fridges
• Ice cream freezer
• 6 burner stove
• Microwave
• Meat slicer
• Deep fat fryer
• Grill


The Bistro offers a very authentic feel and must be seen to be appreciated, in this great City location.

Tenure
We are advised that the business is being sold as a Leasehold opportunity.  A new 12 year lease has just been signed.

The rent payable is £16,565 per annum.

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