Status: For Sale
Tenure: Leasehold
Leasehold Rent: £22,000 per annum
Turnover: £364,000
Authentic Italian Restaurant Royal Leamington SpaAuthentic Italian Restaurant Royal Leamington SpaAuthentic Italian Restaurant Royal Leamington SpaAuthentic Italian Restaurant Royal Leamington SpaAuthentic Italian Restaurant Royal Leamington SpaAuthentic Italian Restaurant Royal Leamington SpaAuthentic Italian Restaurant Royal Leamington SpaAuthentic Italian Restaurant Royal Leamington SpaAuthentic Italian Restaurant Royal Leamington Spa
Freehold Available Separate Negotiation
£215,000 + SAV

Authentic Italian Restaurant Royal Leamington Spa

For Sale
  • Reference: 13807 G
  • Location: Royal Leamington Spa, Warwickshire
Il Piccolinos Pizzeria and restaurant was established in 1979 and is family run business that has spanned two generations. It was created by the current owner who was born in a rural village, Ciminna set deep in the Sicilian countryside where fresh produce was cultivated and traditional cooking was a family affair, it is this home cooking that inspired the owner to share his knowledge and love for the Sicilian cuisine with the creation of Piccolinos. The result has been three decades of dedication, producing delicious, freshly cooked foods from only the best ingredients.

Piccolinos has been described by many locals over the years as "their hidden gem", which transports them into Italy when they walk through the doors. The atmosphere is always inviting, lively yet romantic whilst always embracing families, generation after generation.

This is a truly reluctant sale only due to our clients wish to take a well-earned retirement.

The business offers an extensive menu, set meals, children's meals and take away as well as a fantastic selection of personally sourced wines.

The business has a great website and a strong presence on the internet; with social media platforms and brilliant online reviews.

The current owner would like to retain the business name.

TENURE

The business is being sold on a Leasehold basis with the owner who owns the Freehold being happy to negotiate a new lease with the purchaser.

There is a proposed rent of approximately £22,0000 - 24,000 per annum is proposed. The owner is keen to see the business continuing to thrive.

The owner would consider selling the Freehold if a purchaser expressed an interest. The freehold is substantial and comprises the restaurant plus two 1 bed apartments and one 2 bed apartments in a period building. The business and freehold is valued in the region of £895,000 +SAV.

Business rates are payable and are approximately £14,000 per annum.

HOURS

Monday to Thursday: 12pm - 2.30pm & 5.30pm - 10.30pm
Friday: 12pm - 2.30pm & 5.30pm - 11.00pm
Saturday: 12pm - 11pm
Sundays 12pm - 2.30pm & 5pm - 10pm

STAFF

The business is owner managed with the assistance of 6 full time members of staff, 6 part time, plus casuals as and when required.

FINANCIAL PROFILE

The business generates a turnover of approximately £364,000 per annum.

EXTRA NOTES

A lovely business with an enviable reputation.
Quality food service and pricing.
Very upmarket in a salubrious and much sought-after location.
Two 1 bed apartments.
One 2 bed apartments.
Freehold available.
Royal Leamington Spa commonly known as Leamington Spa or Leamington is a spa town in Warwickshire with a population of approximately 50,000. The town is popular with tourists and has several parks and gardens.

The road running through the town centre is the Parade and contains high street chains and a covered shopping centre, the business premises are situated just off the main shopping area and benefit from high levels of footfall and passing trade.

The ancient town of Warwick lies adjoined directly to the west of Leamington on the opposite bank of the river Avon. Stratford upon Avon lies south west from Leamington along the Warwick road.

Leamington's centre is 3 miles to the M40 motorway which links it to Birmingham and London. It is also served by the A46 which links it to Coventry and Stratford. Leamington Spa railway station is served by the Chiltern Main Line which links London Marylebone to Birmingham Snowhill and onwards to Kidderminster. There are regular bus services to Kenilworth, the University of Warwick and Coventry.

The business is prominently situated in a main road position, is well signed and beautifully presented with free on street parking immediately outside and many car parks within easy walking distance.
This business really needs to be viewed to appreciate what a lovely restaurant it is, beautifully presented and fastidiously maintained. It occupies the two lower floors of a regency style period building.

Restaurant
Windows and glazed door to front creating a light airy and inviting interior, feature beamed ceilings, bespoke bar with marble worktops, coffee machine and grinder, stainless steel backsplash, floating glass shelves for the display of wine and spirit bottles, two hand pulls, free standing optics holder, refrigerated stainless steel cabinets, glass storage and card machine.

The seating area has leather effect tub seating, high tables with stools, oak flooring, quality tables and chairs providing 34 covers but room for more if required, single glass fronted drinks chiller for soft drinks, glass fronted wine cooler, wall lights and LED spotlighting, feature stainless steel balustrading to stair case with specially commissioned graphics on glass panels. The restaurant is fully air conditioned.

Pizza Area
Just off the main restaurant and close to the bar is a purpose built pizza area with counter to front, double deck commercial pizza oven, stainless steel preparation tables with refrigerated cabinets below, larder type fridge, stainless steel sink and drainer with useful storage beneath, separate stainless steel hand wash basin, perimeter shelving, fully tiled walls and vinyl flooring.

Kitchen
Comprehensively equipped catering kitchen presented in immaculate order, fully tiled walls and floor, window to rear, stainless steel sink and drainer, full extraction system, industrial range type cooker with six gas burners and oven beneath, stainless steel commercial fridge, central island with generous run of stainless steel worktop and cupboards beneath, two under counter stainless steel fridges, single basket fryer, Lincat griddle, Lincat grill, 3 compartment commercial stainless steel fridge, Panasonic microwave and two further commercial microwaves, hanging pan storage and perimeter shelving.

Basement
Freezer / Dry Goods Room
Two chest freezers, 4 upright fridges and perimeter shelving.

Wash up Room
1 ½ bowl stainless steel sink and drainer, tiled splash backs, generous run of work top, glass washing machine, ice making machine, extraction system and a Hobart commercial mixer.

Lower Ground
Restaurant/function room
Beautifully presented and offering private and intimate dining, high quality tables and chairs providing 30 covers with room for more if required, arch to another dining area with 24 covers, beamed ceilings and a wealth of character features and a feature staircase leading to the ground floor restaurant.

Walk in wine store
With perimeter shelving.

Two further walk in stores
Providing useful storage.

Contact us today for more information

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