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Beautifully Presented Family Run Italian Restaurant For Sale

Belper, Derbyshire
Asking Price:
£79,950
Sales Revenue:
£467,500
Cash Flow:
Available on request

Business
Hilton Smythe welcomes to the market Nonnos Italian Restaurant & Bistro.

This family run business has been operated by the current vendors for over eight years in which time it has built up an enviable reputation in the area for quality and service establishing a long list of regular diners.

The venue delivers a range of tasty Italian and English cuisine with the family putting their own style into the dishes creating a delicious menu serving breakfast, lunch and dinner within relaxed surroundings.

Due to family commitments this rare and exciting opportunity has now become available.

The business offers an excellent opportunity for a new operator to take an established site and put their own spin on the concept taking this business to the next level.

The business is spread over three floors with 80 internal and 30 external covers, available within its current layout generating a sizeable income stream which with a few tweaks could be increased further.

The business would suit either an established operator looking for an additional site or an individual or partnership looking to take the next step to acquire an established business with great potential in a site that can easily accommodate different food styles and concepts with very sensible in-going costs.

Location
Situated at the top end of Green Lane in the sought-after market town of Belper in Derbyshire.

The site is easily accessible on foot and by all modes of transport just off the A6 and A38 and by all local routes throughout the Belper area with added benefit of car parking to the front of the site.

Premises
Restaurant & Bistro spread over three trading areas with additional accommodation.

Ground floor service area

• Main bar
• Tables & chairs
• Ground floor disabled toilet

Kitchen

• Main oven with stainless surround and extractor over
• Stainless steel food preparation
• Storage counters
• Additional microwave ovens
• Fridges and freezers

First floor

• Additional tables and chairs
• Ladies & gents toilets

Upper trading floor

• Further seating and tables
• Additional store room
• Access to the top floor with accommodation

Accommodation

• Bedroom
• Living room
• Bathroom

To the front of the site is access through to the kitchen and the outside trading area leading on to the car park. A list of assets will be provided by the vendor.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £38,000 per annum with 2 years remaining on the current 10-year Lease (new terms to be agreed)

Hours
The opening hours are currently:
Monday - 6.00 pm to 9.30 pm
Tuesday to Friday - 11.00 am to 3.00 pm / 6.00 pm to 9.30 pm
Saturday - 9.30 am to 3.00 pm / 6.00 pm to 9.30 pm

Staff
The business is run and managed by the current vendor with the assistance of 6 x full time staff.

Financial Profile
We are advised the business is currently turning over in the region of £467,500 per annum trading limited hours.

The business rates are currently £11,000 per annum

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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