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AC245 -Established Italian Restaurant

Asking Price: GBP 79500

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Business Location:	United Kingdom » City of London » South London

Category:	Food » Cafes & Restaurants

Description:

Established Italian Restaurant
Ref.AC245
Location South London
Asking Price £79,500 inc. stock
The business was established nine years ago. The current Vendors have created a warm, friendly and atmospheric environment and have built up a reputation for high quality food, especially for fish at affordable prices.

The restaurant is capable of serving 60 covers and has a distinct Mediterranean feel, offering customers an opportunity to spend a relaxed evening enjoying a high quality evening meal prepared to top standards and and an extensive choice of fine and popular wines.

The business has a superb reputation in particular for the friendly atmosphere and for its superb fish dishes. The high street location allows opportunities for passing trade in addition to their high levels of return custom.

Financial Information:

Annual gross sales: (GBP)	N/A

Yearly Revenue: (GBP) Total yearly sales revenue	170000

Net Profit: (GBP) Total profit before taxes	N/A

General Information:

Business Area:	N.A.

Year Established:	2000

Is Relocatable?:	No

Business closed or an asset sale :	No

Is Home based business?:	No

Real estate status:	No

Number of Employees:	01

No of trading hours:	Tuesdays-Saturdays: 6.30 - 11.00 pm Sundays: 12.30 - 15.00 pm and 6.30 -11.00 pm

Reasons for selling:	N.A.

Market competition and expansion:	Historically the business has not found the need to advertise due to it’s strong reputation and consistent level of repeat business and recommendations via word of mouth. Investment in a business website would be a valuable asset to showcase the restaurant and its superb food and wine menus.

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