£0 £1000000
£0 £1000000

Superb Restaurant in Prime Location

Cardiff, Cardiff

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£69,995 +SAV

Ref: 13371 H

Leasehold

Overview

Hilton Smythe are delighted to introduce to the market Sorrento’s. This multi-cuisine restaurant has been trading from the current prime location since November 2015. Formally operating from different premises around a year before moving. The business has quickly established itself as a quality destination eatery and take away, seeing a high level of repeat custom. Sorrento’s offers a diverse menu and is renowned for its delicious burgers, using only premium-cut marbled beef. Accompanying the food is a temping selection of luxury milkshakes and freshly ground coffees. The business has an outstanding reputation for the quality of food and friendly service. The projected 2016 accounts show turnover in the region of £138,000 with gross profit at circa 56%. The restaurant boasts 36 covers with stylish décor and affords a lovely relaxed ambiance and a further 16 covers provided in the private courtyard at the rear in the warmer months. The business is sold with a high level of catering equipment. We are advised the current owner is considering acquiring an alcohol license. If obtained a new owner should look into extending opening hours to later in the evening to further revenue. The business also offers a grab and go menu and ordering is available via the businesses website www.sorrentos-cathays.co.uk and the nationally recognised platforms Deliveroo and Just-Eat offers on-line ordering and delivery service. The business also has a great Facebook presence with over 620 likes and great reviews. https://www.facebook.com/sorrentocardiff/ with regular updates and features and gallery of the tempting dishes. Early viewing of this outstanding business venture is highly recommended, with the business genuinely coming to the market as our client is moving abroad.

Turnover
The projected 2016 accounts show turnover in the region of £138,000 with gross profit at circa 56%.

The business is owner run and managed with the assistance of a weekend chef, 2 front of house members of staff and various part time staff members. The weekly wages bill on average is £120

The business opens: - Monday to Wednesday 10.30am – 18.00Thursday – Saturday 10.30am – 21.00Sunday 10.30am – 17.00 The opening hours can vary according to seasons.

Sorrento’s Ltd occupies a prominent corner position amongst a busy retail parade in the multi-cultural City of Cardiff. The restaurant is in a great location, surrounded by independent retail outlets, eateries and city centre amenities with generous footfall throughout the day. The area is also home to many residents, with a high level of students occupying the homes in the immediate vicinity. Cardiff University is just a short walk from away and the business greatly benefits from this trade. The city is steeped in history with thousands of visitors drawn to Cardiff’s cultural experiences, bustling port, stunning architecture, first rate entertainment and quality shopping experience. The area is served by several A roads and is easily accessible from the M4. The area has excellent public transport links with regular bus services and several mainline railway stations serving the community.

Immaculately presented corner premise briefly comprising: - Double aspect glass frontage with good signage. Main dining area, quality table and chairs for 36 covers, wooden flooring, modern décor. Service area with till and Kitchen directly behind.Milkshake bar room to the right – this space could be used this for further seating if required.Door at the rear of this room leads to a kitchen work top/sink & the toilet facilities. Back door out to lovely private courtyard with 16 covers. Access from both the kitchen and back room. Large basement, dry lined housing an office and storage area. EquipmentWall mounted television showing black and white films and snippets of them cooking and recipes.Speakers for music Deli style cold box for food at service counter Good coffee machineMilkshake bar - full bar Matching chairs & tablesAir conditioning unit 4x counter movable electric hobs Blender Stainless steel shelving - surfaces in kitchen Extractor Commercial grill/toaster 2 fridges1 fridge/freezer3 upright freezers3 insect zappersCounter fryer Hand was sinkPot wash sink Printed wall mount menus Chalk boards Fully wired CCTV system with hook up system and recorder compliant for alcohol licence.

Tenure
We are advised leasehold.The original lease length is 10 yearsAs of 2016, 9 years remain on the leaseRent is £15,000 per annum.

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