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Huge Potential For A New Ambitious Owner For Sale

Sheffield, South Yorkshire
Asking Price:
£94,995
Sales Revenue:
£130,000
Cash Flow:
Available on request

Business
Hilton Smythe welcomes to the market La Scala.

The business has been operated by the current vendor for over 18 years and has built an enviable reputation for quality and customer service.

Due to retirement this very rare and exciting opportunity has now become available.

The business has built up a loyal customer following serving delicious home cooked Italian Fayre within the surroundings of a traditional Italian Trattoria.

The current menu boasts fresh sea food, the finest cuts of meat, classic Pizzas and Pastas as well as a specials board along with delicious deserts accompanied by an extensive wine list.

This extremely versatile site is set over three floors with the ground floor and lower ground floor the main trading areas and the first floor currently being used as living accommodation.

The site benefits from an attractive renewable Lease and offers the new operator a fantastic opportunity to introduce new themes and would greatly benefit anyone looking for a site with such versatility.

Benefits entrances from both the High Street as well as from the car park to the rear of the property allowing the site to have multiple themes with separate trading areas if so desired.

The site also benefits from a large kitchen and preparation area along with a wine cellar and easily accessible WC’S to the lower ground floor.

This opportunity therefore has a wide appeal and would suit either a multi-site operator looking for a highly desirable premise in an excellent location or an individual looking for a well-established business with extensive living accommodation in a sought after location with strong trading history and huge growth potential with the ability to introduce further income streams.


Location
Situated on the very sought after Abbeydale Road in Sheffield within the Millhouses suberb and just a short drive off the A61.

The site sits on the edge of the main crossroads leading to Chancet Wood & Woodseats with a direct route into Sheffield.

The site is easily accessible by all modes of transport and is surrounded by additional businesses and period residential dwellings with the benefit of on street parking as well as customer parking to the rear of the site.

Premises
The Premises are set over three floors with entrances from both the High Street and from the car park to the rear.

First floor living accommodation includes a large sitting room which could be easily reconfigured subject to local consents, Bedroom, kitchen and bathroom.

The site benefits from a well maintained dumb waiter connecting the lower ground floor to the ground floor trading area.

Fixtures and fittings to include,

• Main oven with stainless steel extractor over,
• Stainless steel work tops,
• Preparation counters,
• All additional cooking facilities,
• Deep freeze and refrigeration units,
• Tables,
• Chairs,
• Wine storage racks,
• Shelving units,
• Storage binnacles.

The trading areas currently accommodate 66 covers which could be extended with reconfiguration.

The business is being offered to the market with the equipment necessary for it to function in its current format.

Tenure
We are advised the business is being sold as a Leasehold opportunity.

Current rent passing at £17,300 per annum.

6 years remaining on the current 15-year Lease.

Hours
The opening hours are currently 6.00pm to 10.30pm Monday to Saturday.

The business is closed on a Sunday.

Staff
The business is run and managed by the current vendor with the assistance of 5 x full time and 5 x part time members of staff.

Financial Profile
We are advised the business is currently turning over in the region of £130,000 per annum trading limited hours.

The rateable value of the site is £12,750.

The business rates are currently £5,000 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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