High Street, Knowle

Leasehold Italian Restaurant Located In Knowle, Solihull
Ideal For Owner/Chef Operator
32 Covers
Licensed

Ref 3265

Asking Price £69,950 plus SAV (£2,000)

Location
This delightful Italian Restaurant is located In Knowle, Solihull. Situated within a prominent and highly visible trading position on the main high street. Knowle offers a range of large retailers and other complementary independent retailers. The village is affluent, vibrant and is considered to be amongst the most prosperous areas in the Midlands and is just 2 miles from Solihull town centre.

Business Description
Veritas Business Sales are privileged to offer for sale this Italian Restaurant which is located in Knowle. They are now offering the restaurant for sale so that they can relocate to larger premises. Since taking ownership they have undertaken renovations and refurbishment works, and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Bongusto is overseen by the owner, who is supported by 2 full time chefs and 2 part time front of house members of staff and has an average weekly turnover of £4,000-£4,500. They serve authentic Italian dishes to include starters, antipasti, pastas, stone baked pizzas, steaks, fish, chef’s specials, salads, desserts, hot & cold drinks, alcoholic beverages. All fayre is freshly prepared to order on site using only the finest local produce. We believe that there is further potential to increase trade by extending the current opening times and by doing pizza delivery. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a great opportunity for a small independent restauranteur to make a name for themselves, as such early viewing is highly recommended.

Opening Times
Monday – closed
Tuesday – Saturday – 17:00 – 22:00
Sunday – 12:00 – 22:00

Leasehold
Original term: 10 years
Remaining: 3 years
Rent: £16,000 plus vat pa
Service charge: £2,600 plus vat
Business rates: Nil

Ground Floor
Door leading to a small porch with storage cupboard to house the gas and electric metre.
Restaurant with tables & chairs to cover (32), air conditioning unit, slimline drinks fridge (Hosty), wine fridge (Infernus), bar area with 2 door undercounter fridge, worktop, stainless steel wash basin, storage cupboards, glass washer (Amika), EPOS till & cash drawer, coffee machine, coffee grinder (Fracino), CCTV monitor, 3 x wall mounted glass shelves, 3 x wall mounted wooden shelves.
Hallway with fire alarm and intruder alarm panels.
Gents WC with wash basin, vanity unit, wall mounted mirror, 2 x wall mounted shelves, wall mounted hand dryer.
Ladies WC with wash basin, vanity unit, wall mounted mirror, 2 x wall mounted shelves, wall mounted hand dryer.
Kitchen comprising: marble top pizza prep with 3 door under counter fridge (Allison), hot cupboard (Victor), 2 x chest freezers, 18 x wall-mounted metal shelves, stainless steel upright fridge (Atosa), dishwasher (Kromo), commercial hot water heater (Hygo), wash basin, dual stainless steel sink drainer, rear exit door, stainless steel table with two shelves below, deep fat fryer (Ace), 8 burner range (M- line), extraction canopy, stainless steel worktop with 4 door under counter fridge (Atosa), microwave (Panasonic) Rational oven with stand, extraction canopy, 4-deck stone pizza (Pizza Master).

External
Rear parking for (1).

EPC Raring D