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AC158 -Restaurant Specialising in Regional Italian Cuisine

Asking Price: GBP 195000
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Business Location: United Kingdom » City of London » Primrose Hill, London, NW1 
Category: Food » Cafes & Restaurants
Description:
Restaurant Specialising in Regional Italian Cuisine
Confidentially offered for sale
Ref No: AC158
Location: Primrose Hill, London, NW1
Leased Premises
Asking price: £195,000

An opportunity has arisen to take on ownership of a well-established restaurant located right in the middle of the nation’s capital. Established in 2004, the past few years have seen this business emerge as an exciting new player in London’s vibrant restaurant scene.

Specialising in regional Italian cuisine, the restaurant combines contemporary and rustic styles to create a truly unique dining experience. Everything on the menu is prepared from fresh food delivered daily and bread is baked on the premises. An extensive wine list ranges in price from £14.00-£100.00.

The restaurant is capable of serving 90 covers with the option of providing for a further 20 outside. The average customer spend is estimated at £40 per head. The customer base is diverse and comprised of a mixture of local residents, tourists and business people.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
750000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: N.A.
Year Established: 2004
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Monday – Friday Lunchtime and evenings,Saturday All day,Sunday All day
Reasons for selling:
The owner has reached the age where he wishes to retire and handover the running of this successful company to somebody with energy and focus to build on the successes that has been achieved over the fast few years and continue to run this business with the passion and enthusiasm that it deserves.
Market competition and expansion:
Major guidebooks (including the Michelin guide) and press coverage have been the source of much custom for the restaurant. However, there is potential for a more aggressive marketing strategy that favours more investment in advertising to maximise on the existing strengths of the business. In addition, the restaurant currently has no web presence, an avenue that may well prove worth exploring to attract increased business. Maintaining the high standards that are currently on offer will ensure that the repeat custom currently enjoyed will continue well into the future.
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