Restaurant for sale

King Street, Melton Mowbray, Leicestershire, LE13

52 sq. m. | £25,000

Property Description

Commercial information

  • Business for sale
  • 559 sq ft (52 sq m)

Key features

  • REF: 13097
  • LEASEHOLD
  • RESTAURANT
  • ITALIAN

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market La Dolce Vita Restaurant. The business was originally established in this location in 1977. Our client then took over the business in 2001. The owner is looking to sell the business due to health reasons.

This is a popular restaurant with a classic Italian theme. Our client has excelled in building this restaurant up to a high standard. Along with high quality food and a well-presented property, the business has built up an excellent reputation.

The business is currently generating an advised turnover of around 80,000 per annum, with a gross profit of 70%. This is a healthy turnover that we feel could be increased. The restaurant is currently closed on Mondays and Sundays, opening these days would allow for maximum custom each week. A lunch time delivery service to the local area could also be a great asset to the business.

La Dolce Vita has a food hygiene rating of 5, this is a recognised rating for high quality.

The restaurant has a fantastic online presence. TripAdvisor shows several excellent reviews and the business Facebook page has over 700 followers. The page is regularly updated with special offers and promotions. Social media is a great way of attracting new customers.

Included in the sale is the business website (www.ladolcevitamelton.wixsite.com). This is a great website that looks presentable. Bookings can be taken through the site.

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.


LOCATION
La Dolce Vita Restaurant is located in Melton Mowbray, Leicestershire.

The business is set in the centre of Melton Mowbray, amongst a vast range of retail businesses. This is a prime trading location that receives a large amount of footfall and passing trade. In the area there is an abundance of large well-known branded shops such as Timpson, Boots, Greggs, Clarks, Thornton's. Costa Coffee, WH Smiths, Thomas Cook as well as many independent stores.

Melton Mowbray is a popular town that is well-known for its food and drink. The town hosts annual food and drink festivals which draws in masses of crowds. The town is great for visitors with the many attractions, historic architecture and events that are held here.

This is a great location for a busy restaurant. The town centre benefits from great road connections and public transport. The A607 is the main A-road in the town this connects to the A1 at Grantham. Melton Mowbray has its own train station which is just a short 5 minute walk away. There are also several bus stops dotted around the town.

PREMISES
La Dolce Vita Restaurant is a beautiful restaurant that has been complete to a high standard. There is a large sign across the front, this is clear to passing trade. To the front of the property, there is a seating area for 6 covers. The property has been completed with coloured lighting, which eye is catching.

On entrance you are welcomed by a large open plan seating area. There is seating in the window and up both sides of the perimeter walls, leaving the centre of the room clear. This is a 26 cover restaurant, with plenty of space to be increased. The bar and service area, is in the centre of the room. Behind the counter there are stairs leading up. Past the stairs is further seating.

Equipment included in the sale, is as follows-
Tables and chairs
Counter
Till
Coffee machine
Coffee grinder
Upright fridges
Two door bottle chiller
Wine fridge

Through to the rear, there is a commercial galley kitchen, complete with stainless steel fixtures and fittings.

Kitchen equipment includes-
Four burner cooker
Double pot wash sink
2 x Stainless steel preparation tables
Stainless steel storage and racking

The property has a large store room. This has a tall fridge, tall freezer, stainless steel racking and shelving units.

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

Original lease length: 6 years
Remaining lease length: 3 years as of 2016.
Rent: 15,600 per annum

HOURS
The business opening hours-

Monday: Closed
Tuesday - Saturday: 9am - 3pm & 6pm - 10pm
Sunday: Closed

STAFF
The business is run and managed by our client, with the help of 6 casual members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 80,000 per annum.
Gross profit 70%



Nearest station

  • Melton Mowbray (0.3 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 station

  • Melton Mowbray (0.3 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 13097. 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.

Map data OpenStreetMap contributors.