Restaurant/cafe for sale in Victoria Road, Bletchley, Milton Keynes MK2

£199,950
Restaurant/cafe for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Prominent Trading Position
  • Accounts Available Year End 30th June 2019
  • Annual Turnover £419,330
  • Gross Profit £273,426
  • Accounts Available After Viewing
  • Established 2017
  • Recently Refurbished
  • Fully Equipped
  • Beautifully Presented
  • Five Star Food Hygiene Rating
  • Seating For 42 Customer
  • Delivery Service In Place
  • CCTV Fitted Throughout
  • Air Conditioning Throughout
  • Scope To Extend Opening Hours
  • Potential For 7 Day Opening
  • Could Accommodate Any Cuisine
  • EPC - E

Property description

Ref 7509 – Leasehold Italian Restaurant
Blacks Brokers are pleased to bring to the market this leasehold Italian restaurant located in Bletchley, Milton Keynes.


Introduction


The Greedy Italian was established by our client in this affluent area of Bletchley in 2017. The business offers a variety of freshly prepared, authentic Italian food. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor, Just Eat and Facebook. The Greedy Italian has a comprehensive website in place and a good social media following.


Location


The Greedy Italian occupies a main road trading position within a row of residential properties. The surrounding area is densely populated commercially with a combination of both independent retailers and large multiples such as Matalan and Tesco. There are also a number of local amenities nearby including schools, pubs and Fenny Stratford Station. The area is well linked by the A5 with very strong public transport links and parking is available in the surrounding area.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments and lack of time, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a five year lease which began in 2017 at a cost of £317 per week. We are advised that a new lease is available depending on a new owners requirements.


Staff


The business operates with six members of staff in employment supporting our client working on a full time basis.


Financial details


The Greedy Italian has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 30th June 2019 show annual turnover of £419,330 and gross profit of £273,426. Full financial information is available upon request.


Business rates


Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This popular and well established business occupies an enviable trading position in a highly sought after area of Bletchley. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu options and longer opening hours to include more lunchtime services and a new owner could also look to open over seven days. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £199,950.

Please quote ref: 7509

Business Accommodation

Building layout and design

The Greedy Italian operates from the ground floor of a spacious corner property on a busy road. The business has large branding and signage on display to both sides of the fully glazed frontage. Inside, the dining area is beautifully presented and offers seating for forty two. There are toilet facilities and a large commercial kitchen to the rear which is fitted with a variety of high spec equipment. All areas have been recently refurbished and have been finished to an exceptional standard.

The first floor accommodation comprises of two bedrooms, lounge, bathroom and kitchen. This has a separate entrance to the rear of the property. The back yard has a large storage facility with two walk in fridges.

Fixtures & Fittings

Tables

Chairs

Coffee Machine

Fitted Kitchen

Opening Hours

Mon, Tue & Wed: Closed
Thu & Fri: 17:00 - 23:30
Sat: 09:00 - 22:00

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

Contact Blacks Business Brokers about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers 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.

View all Victoria Road commercial properties for sale