For Sale
Reputable Restaurant For Sale
Southampton, Hampshire
- Asking Price: £109,995 +SAV
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Turnover:
We are advised the business generated a turnover of circa £430,000 as of 2019, further financial information can be made available upon request.
In 2022 the business generated a turnover in the region of £225,000. The net profit in the region of £70,000.
Please quote reference B06870
- Tenure: Leasehold
Please quote reference B06870
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and popular authentic Italian restaurant and pizzeria.
Amalfi Italian Restaurant and Pizzeria has been under the careful and meticulous ownership of our clients for the last 4 years and has built up an enviable reputation within the local area, a true testament to the hard work and dedication from the current owners, resulting in the high calibre of business on offer. The business is now being offered for sale due to our clients wishing to explore other business interests.
The business offers authentic Italian cuisine in a well presented, licenced restaurant setting with capacity for 45 to 50 covers, and prides itself on its pasta, pizza, seafood and vegetarian dishes, with some excellent online reviews as a result of the quality food and service they have to offer. The business further benefits from a thriving takeaway side to the business as well, something a new owner could look to expand on.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website, along with offering some further additions to the menu.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
All fixtures and fittings are to be included in the sale of the business along with the following equipment:
- wood fired pizza oven
- pizza fridge with marble top
- glasswasher
- coffee machine
- 2 fridges behind the bar
- 3 fridges in kitchen area
- 2 freezers
- 1 cold room
- 1 charcoal grill
- 2 fryers
- stove and oven
- dishwasher
- Till with 2 printers
The business is run and managed by 5 full time staff members.
The business trading hours are as followed:
Monday - Closed
Tuesday to Sunday - Morning/Afternoon Hours 12:00pm until 15:00pm - Evening Hours 18:00pm until 22:00pm
The business is located in a prime trading location on the High Street in the heart of the picturesque village of Hythe (SO45) and is complimented by being surrounded by a host of independent businesses, leading to a good level of footfall, and passing trade.
Hythe is well serviced in terms of local amenities and offers a range of shops and amenities, including the ferry service to Southampton and is in close proximity to the New Forest National Park and Southampton Water.
The business is located in a traditional restaurant style premises over 2 floors, briefly comprising, ground floor seating area with a selection of tables and chairs, with feature service counter located toward the rear, with service area, along with a feature wood burning pizza oven, to the rear there is a fully fitted commercial kitchen area, with a good selection of industry equipment. The upper level is accessed via a staircase located on the ground floor, and again benefits from a selection of quality furniture. There is also an area for outside dining to the front of the premises The business has undergone extensive investment since opening, leaving a new owner very little to invest in this turnkey premises.
Tenure
We are advised the business is being sold on a Leasehold basis with 6 years remaining on the Lease, the rent is £1333 per month.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
