Leasehold Italian Restaurant Located In Solihull
Two Bedroom Accommodation Above
Low Overheads
Licensed
Seating For 72
Ref 3106

Asking Price £225,000 plus SAV (5,000)

Location
This delightful Italian Restaurant is located on the main Warwick Road (A41) in Olton, Solihull. It sits within a prominent and highly visible trading position and is surrounded by other complementary independent retailers along with Blue Chip retails such as Tesco Express and McDonalds who are directly opposite. The immediate area is densely populated with residential properties and offers plenty of free parking nearby.

Business Description
Veritas Business Sales are delighted to offer for sale this respected Italian Restaurant which is located in Olton, Solihull. The business was opened by our client back in December 2018 and due to other projects requiring his attention he has decided to offer the restaurant for sale.
Since ownership they have extended, refurbished, redecorated 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. L'aragosta is overseen by the owner but operated daily by a team of 4 full time & 2 part time members of staff and has an average weekly turnover of £12,000-£14,000. The menu offers authentic Italian cuisine which can be enjoyed in the spacious, well fitted restaurant with some fine wines.
We believe that there is further potential to increase trade should you wish by having a more hands on owner operator at the helm. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat. This is a superb opportunity to purchase a thriving turnkey restaurant where all the hard work has been done, which is a great base to build upon and as such early viewing is highly recommended.

Ground floor
Entrance door leading to the front restaurant with tables & chairs to cover (12), reception desk, fresh fish display fridge (GMM Gastro), bar area with serving counter, EPOS till with cash draw, 2 door undercounter drinks fridge (Gastro-line), espresso coffee machine (La Spaziale), coffee grinder, 2 door undercounter drinks fridge, glass washer (Contender), ice machine (Hoshizaki), stainless steel sink drainer, storage & display shelving, upright wine fridge and stairs leading up to the first floor.
Hallway with 3 x wall mounted wine display racks, condiments cabinet, wine rack, chest freezer and dessert section comprising: worktop with sink wall & base units, wall mounted metal shelf, wine rack, undercounter fridge (Adexa), undercounter fridge (Logic) and undercounter freezer (Williams).
Rear restaurant with tables & chairs to cover (20). Customer W/C/disabled with wash basin with cabinet, baby change, wall mounted mirror and wall mounted hand dryer.
Hallway to rear exit door.
Commercial kitchen comprising: stainless steel sink, 2 x wall mounted metal shelves, wall mounted plate rack, undercounter freezer (Williams), wall mounted knife rack, stainless steel wash basin, 6 burner range (Falcon), 4 burner gas hob, extraction canopy, 2 x metal wall mounted storage racks, dual deep fat fryer (Quattro), 2 deck pizza oven (Prismafood), undercounter fridge (True), marble top saladette with 2 door undercounter fridges (Adexa), stainless steel table with 6 x undercounter refrigerated draws, countertop saladette (Gastro-line), 2 x metal shelves, 2 x plate warming cabinets, walk-in cold room with 2 x metal storage units inside, saladette (Polar), 5 x metal shelves, insect zapper (Eazyzap) and commercial microwave.
Pot wash room with stainless steel table with 2 x shelves, dual stainless steel sink with directional hose, 2 x wall mounted plate racks, dishwasher, large stainless steel table, undercounter fridge (Adexa), meat slicer, metal storage rack, 3 x metal shelf, chest freezer (Adexa) and stainless steel undercounter freezer (Adexa).

External
Rear side passage with chest freezer, metal grease wash tank and storage cabinet.
Staff W/C with wash basin.
Rear yard area with shelter for staff rest area and plastic storage unit.
Frontage with seating for (8).

Opening Times
Monday - Sunday - 12:00 - 14:30 - 17:00 - 23:00

Leasehold
Term: 7 years (Renewable)
Remaining: 3 years
Rent: £10,000 pa
Rates: zero
New 15 year lease available

The restaurant benefits from air-conditioning to all restaurant areas, electric roller shutters to the front and rear, CCTV (16 camera system) and an intruder alarm

First Floor
Restaurant with tables & chairs to cover (26), undercounter fridge (Gastro-line), condiments cabinet rear door to alfresco dinning area.
W/C with wash basin, wall mounted mirror and wall mounted hand dryer.

First Floor External
Covered Alfresco dining area with seating for (14) and neon sign.
Accommodation

First floor
Landing
Kitchen/lounge
Bathroom with shower cubicle, W/C and wash basin.
Second Floor
2 x double bedrooms
The flat is sub-let to staff for £850 PCM

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

Restaurant for sale

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