Sold

Large Restaurant in Bristol City Centre

Bristol, Bristol

£119,950 +SAV

Ref: 13481 H

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Description

Hilton Smythe welcomes to the market Amici Restaurant. The restaurant was established by our client in 2014. The owner is now looking to sell the business, due to the desire to focus on other commitments. This is a well-established business that has gained an exceptional reputation for its high quality of food and services provided. Amici runs as a pizzeria and restaurant offering only the finest rustic and contemporary Italian dishes. The premise has an A3 licence this is from 11am – 11pm, this can be extended if required. Meals are available to eat in the large restaurant or to take away. Takeaways are a popular service with the locals and the restaurant features on sites such as JustEat and Deliveroo. Deliveroo generates an income of no less than £1,200 a month. The income from JustEat is around £500 a month. Overall the business generated a turnover in the region of £299,000 as of the 2016 accounts. This is an exception turnover, with huge potential to be increased. We feel that the purchaser should look to extend opening hours, including lunch times. This would allow the owner to take full advantage of the A3 licence. This is a well-established business; however, we feel that with a leaflet drop the restaurant could see extra custom from both dining customers and takeaway orders. Social media sites such as Facebook and Twitter are also great cost effective ways of marketing a business. Amici would be a perfect opportunity for a husband and wife team or partnership. The restaurant is in a prime location, comes fully equipped and is ready to run. The restaurant looks fantastic, a lot of time, money and effort has been put into the business, bringing it up to the high standard it is. 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.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity. Original lease length: 17 yearsRemaining lease length: 15 years as of 2017. Rent: £33,000 per annum

Hours

The business opening hours: - Monday - Thursday: 5pm – 11pmFriday - Sunday: 11am – 11pm

Staff

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

Financial Profile

The business generated a turnover in the region of £299,000 as of the 2016 accounts.

Location

Amici Restaurant is located in Bristol. The restaurant is situated in a prime trading location in the city centre of Bristol. This is a bustling area with heavy footfall. This location also boasts ample retail outlets with a variety of bars, restaurant and pubs. The restaurant further benefits from excellent parking facilities close by. Bristol is a vibrant city with much to see and do. The city is very popular with tourists, due to the many places of interest, Bristol Aquarium, The Tobacco Factory Theatres, Marine Lake and Wild Place Project are just a few suggestions. The business is situated on an arterial road that runs from the city directly into Gloucester, allowing for a generous amount of passing trade. As well as excellent road connections, the area further benefits from great public transport. There are two train station close by and bus stops within a short walking distance.

Premises

Amici Restaurant boasts a large double shop frontage. The property is well-signed and there is a large a-board directly outside. On entry is the restaurant area with the bar and kitchen straight ahead. The property is filled with character with the traditional bar, beamed ceilings and stone walls. To the left through a large opening in the wall is a larger seating area. Again, to the right of this is another seating area on a lower level. There are modern customer toilets and storage to the back of the lower level seating area. Fully stocked bar with dishwasher, glass door fridge, two draught beer pumps, coffee machine, till and shelving. A door behind the bar goes into the kitchen, there is a server hatch. This is a great sized kitchen that comes equipped with stainless steel fixture and fittings. Equipment included in the sale includes: -Stainless steel worktops Commercial sink with two sinks 2 x pizza ovens Stainless commercial ingredient holders for pizza Marble work tops with sandwich filler chilled holders 2 x under counter stainless 3 door fridgesWalk in fridge Walk in freezer Commercial grill Commercial toaster Six hob cooker 2 x ovens 2 x counter fryers 3 x microwaves From the kitchen is access to the rear of property, where there is a courtyard and storage room. This is where the walk-in fridge, freezer and office are. The whole place has been revamped to a very high standard, completed with expensive and tasteful materials.

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