Retail premises for sale in Leasehold - Buonissimo, 21 High St, Inverness IV1

Offers over £10,000
Retail premises for sale
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Property description

• **Reduced ingoing premium to facilitate quick sale due to family reasons**.

• Ideally located artisan deli and takeaway, within a 'Category B' listed building, situated in a busy pedestrian area in the City of Inverness.

• Modern and well-presented takeaway outlet extending to 19.38m2, with attractive display units.

• Profitable business model, providing an excellent self-employment opportunity with potential to increase trading.

• Excellent storage facilities and equipment, including large walk in freezer plus superb service areas.

• Prominent trading position with strong signage / branding and fully glazed display windows to front and side aspects readily attracting passing trade.

Description
Buonissimo is a popular city centre Italian deli and takeaway in an envious trading location with an excellent level of passing footfall. Boasting a prominent position on the bustling pedestrian High Street, the business is situated across from McDonalds and other national High St names. Buonissimo offers authentic Italian dishes such as focaccia and pizza, paninis, pastas and lasagnes plus traditional Tuscan soups. All produce comes direct from Italy - delizioso! Buonissimo is the only outlet in the city to sell Carraro Coffee and Choco Kebab as well as various other confectionary items plus a range of cold drinks. The business is accessible via street level, is bright and airy, and presented to the market in excellent condition. This is an easy to operate proposition within smart, modern premises. The service areas are compact but well-appointed and highly functional, allowing for an ergonomic business operation.

Trade
The business, which enjoys year-round trade from a varied client base, has an internal trading area which extend to circa 19.38m2. Buonissimo has healthy local support, whether from shoppers or from regular business clientele, plus from the influx of tourists during the main season which generates strong demand. The business currently trades between the hours of 8am and 6pm Monday to Saturday, closing on a Sunday. The current trading ethos reflects the personal choice of the present owners and allows considerable scope for new operators to drive the business to greater profitability.

The current proprietors are willing to transfer knowledge on management, suppliers and products, if the new tenant would find this beneficial. New vendors might decide to open later in the evenings subject to the valid consents. The current owners have other business ventures and as such on weekdays just one member of staff will be on site, however in peak periods two operators would be advantageous.

Reason for sale
Due to family reasons, reluctantly the current operators have decided to reduce the premium significantly in order to attract a quick assignation of the lease. The current proprietor obtained the lease in 2017 and has enjoyed developing the popular business.

Location
In addition to strong local support, the business benefits from the strength of having City Centre Inverness as a trading base. Inverness draws a huge number of visitors. Day trippers from outlying areas supplement tourists from around the world who visit the city in great numbers during the main season (April - October). The Highland Capital is a vibrant and expanding city which cuts a fast and dynamic pace in terms of commercial development and business activity. The growing population in and around Inverness combines with a strong business community and established demand from tourism to drive ongoing trade for good quality provision. The proximity of excellent office and shopping facilities, and the new streetscape programme, reinforce the benefits of such a busy city centre trading location.

The wider locality around Inverness offers a plethora of sporting opportunities for walkers, anglers, golfers etc. With numerous other tourist attractions. Whisky trails, mystic Loch Ness, many accessible Castles, battlefields, clan seats and a host of other opportunities drive demand for accommodation providers and in turn boost lunchtime trade to the takeaway. Primary and secondary schooling are located nearby and the property is well-placed for access to the Ness Islands, the Aquadome and Eden Court Theatre. A comprehensive range of amenities can be found in the city centre including Eastgate Shopping Centre, bus and train stations, cafés, bars, restaurants and High Street shops. Inverness Airport is located at Dalcross approx. 7.5 miles east of Inverness.

The property
Buonissimo is on the ground floor and basement of a three-story 'B listed' building on the Inverness High Street. The internal aspects are bright and airy, and presented to the market in excellent condition. The external façade has marble pillars with a grey slate entrance way. To the front of the business is an alfresco seating area with tables and chairs configured to seat up to 8 diners.

Public areas
The business has a well-signed presence and attractive frontage, occupying what is a prominent position within the main pedestrianised area central to the High Street. The front and side aspects have numerous windows plus a glazed door offering excellent visibility from both inside and out, readily attracting passing trade. These multiple windows also allow for excellent natural lighting. The property is set to provide an efficient business operation with servery counter displaying produce as customers wait to be served.

Service areas
Buonissimo is well supported by excellent service areas which extend to 15.26m2. The basement is accessed via a staircase to the rear of the property and contains a large walk-in freezer unit which has recently been totally renovated. The basement area also benefits from a utility room, staff facilities and other overspill refrigeration facilities.

Business development
The business is currently growing from strength to strength and the extant model clearly works, however there is undoubtedly scope to trade at a higher level should a hands-on partnership decide to trade more aggressively. There is an opportunity to extend opening hours until 11pm which worked well for the previous owners. The business does not presently open on a Sunday offering expansion potential for additional trade. Further development opportunities exist which the current owners would be happy to discuss.

Services
The business benefits from mains electricity, water, gas and drainage. The property is fully fire compliant. There is a three-way system for air conditioning, heating and extraction units. The shop also has a CCTV system.

Price
Offers Over £10,000 are sought for the assignation of the lease plus goodwill and trade contents (according to inventory). Stock at valuation. This ingoing premium has been reduced to encourage a quick sale.

Lease
The extant Fully Repairing and Insuring Lease is in place and runs to 2027 with a break clause on 31st October 2022. A copy of the lease is available from the selling agents (ASG Commercial Ltd) to seriously interested parties post viewing. We understand that the landlord may be willing to extend the lease to suitable tenants.

Property info

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ASG Commercial, IV3 on +44 1463 357069 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by ASG Commercial, and do not constitute property particulars. Please contact ASG Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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