Restaurant for sale

Victoria Passage, Stourbridge, West Midlands, DY8

Leasehold 76 sq. m. | £69,000

Property Description

Commercial information

  • Business for sale
  • 818 sq ft (76 sq m)

Key features

  • REF 13542 H
  • RESTAURANT
  • LEASEHOLD

Full description

Tenure: Leasehold

LOCATION
Vesuvio Restaurant is located in Stourbridge, West Midlands.

The restaurant is situated in the town centre of Stourbridge within a shopping precinct. This is a bustling location with a variety of retail outlets, attracting large footfall and heavy passing trade. The town centre has ample parking facilities, directly facing the restaurant is Ryemarket shopping centre, which has a large multi-storey car park. Ryemarket also boasts a plethora of well-known branded stores, such as a Waitrose, Card Factory, Boots, WH Smiths and Costa Coffee.

Stourbridge is a large town of Dudley. The town is south of Wolverhampton, north of Worcester, west of Birmingham and east of Enville. Its central location is great for commuters and Birmingham is approximately just 15 miles away, a short 35-minute drive. Stourbridge has a population of circa 63,298 as of the 2011 census.

The town centre location allows for great road connections and excellent public transport links. Surrounding the town centre is the A491 a main road, that heads in to surrounding towns and cities. There are several bus stops within the area and the closest train station is a short 5-minute walk away.

BUSINESS
Hilton Smythe welcomes to the market Vesuvio Restaurant. The business was originally established in this location in 2006, our client took over the business in 2013. The owner is now looking to sell the restaurant, due to the desire to focus on other business interests.

Vesuvio is an Italian restaurant which is passionate about fresh Italian cuisine. The restaurant offer a variety of authentic Italian pastas, salads, meats, fish dishes, homemade desserts and an exquisite selection of wines from Italy.

The property boasts a large 60 cover seating area with an additional room with 30 covers. The additional dining room is used for smaller private functions. This is a popular service as the dining room is private and can be separated from the main seating area. Larger groups can be accommodated in the main seating area.

The business generated a turnover in the region of 265,000 as of the 2016 accounts, with a good gross profit. This figure could be increased with the extension of opening hours. The business is currently only open 6 days per week. Running 7 days a week would allow for maximum custom.

We feel the purchaser could also look into introducing a takeaway and delivery service. This could be promoted on ordering sites with a focus of the surrounding housing estates.

Vesuvio has an exceptional reputation within Stourbridge. Great word of mouth recommendations and repeat loyal custom allow for a generous customer base. The restaurant also has a great online presence. The business has its own website, this promotes the extensive menu and allows for online bookings. To compliment the website is a Facebook page. This is regularly updated and has over 275 followers. The restaurant also features on the popular travel website TripAdvisor. There are some excellent reviews from very happy customers. The staff pride themselves on good customer service and personal attention at the tables.

This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

PREMISES
Vesuvio Restaurant boasts a large property on a shopping precinct. The restaurant is well-signed and looks presentable throughout.

Premise briefly comprises: -

The double entrance doors lead into a lobby area. This has stairs and a lift up to the first-floor restaurant. From the lift and stairs on the first floor is a large waiting area, double doors from here lead to the large open plan seating area.

The restaurant is bright with laminate flooring, white walls, windows either side and great lighting. There are approximately 60 covers in this area. The dining area is well-spaced with plenty of room to increase covers if required.

There is an adjoining dining area, this has a further 30 covers. This area is great for functions.

In the main dining area is a fully equipped bar. This is a large bar come service point. Equipment includes, chillers, glass washer, coffee machine, credit card machine, coffee grinder and beers on tap.

Just off the bar area is a door, this leads to the kitchen. The kitchen is perfect for the trade and comes fully equipped with stainless steel fixtures and fittings. The kitchen has the following equipment, twin fryer, two fridges, two freezers, walk in fridge, two microwaves, four preparation tables, two salad wells/chillers, two gas ranges, salamander, plate warmer, hot plate, fan oven, two sinks and a dishwasher.

There are male and female customer toilets and separate staff toilets, as well as disabled toilets.

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 15 years
Remaining lease length: 12 years as of 2017.
Rent: 21,600 per annum

HOURS
The business opening hours: -

Monday: Closed
Lunch: Tuesday - Saturday 12pm to 2.30pm
Dinner: Tuesday - Saturday 5.30pm to 10.00pm
Sunday Lunch - 12pm to 2.30pm

STAFF
The business is run and managed by our clients, with the help of two-part time and six full time members of staff.

FINANCIAL PROFILE
The business generated a turnover in the region of 265,000 as of the 2016 accounts, with a good gross profit.



Nearest stations

  • Stourbridge Town (0.2 mi)
  • Stourbridge Junction (0.8 mi)
  • Lye (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stourbridge Town (0.2 mi)
  • Stourbridge Junction (0.8 mi)
  • Lye (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 13542H. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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