Restaurant/cafe for sale in Wickford, England, United Kingdom SS12

Business
Please quote reference B07275

CoGoGo are delighted to welcome to the market Tony's, a highly rated Italian restaurant in Wickford, Essex.

The business was established by our clients in 2020, building up an excellent reputation and repeat customer base during its short time of trading.

Tony's is a highly rated Italian restaurant that specialises in authentic Italian Pizza & Street food. They also sell italian groceries. They have a business website with online ordering and online table booking facilities. The split is 90% sit in sales and 10% delivery orders. The business has an excellent reputation for both quality & service and completed a high end fit before opening in 2020.

Key selling points -

• Over £50,000 invested to create a unique space not seen in Wickford


• No.1 sit down Italian restaurant in the area


• Very profitable business model


• 4.6/5 Google review score


• Voted as best restaurant by Restaurant Guru in 2022


• Handover period offered


• Early stages of sales growth


• Long lease in place

Scope to improve -

• Increase advertising


• Increase social media presence


• Promote & Increase online/delivery orders


• Extend opening hours

Location
Tony's is located on High Street, in the heart of Wickford, Essex.

The business has eye catching signage and receives high levels of footfall and passing trade.

Premises
Occupies a corner premises.

Ground floor -

• Bar/Customer waiting area


• Dining space for 50 covers


• Open plan bar & pizza kitchen


• Rear dishwashing area & storeroom


• Toilet facilities


• Staff area

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 9 year lease. The rent is £25,000 per annum, with rates payable at £852 per annum.

Hours
The current trading hours are -

Monday - Closed
Tuesday – 12:00pm – 3:00pm & 6:00pm – 9:30pm
Wednesday – 12:00pm – 3:00pm & 6:00pm – 9:30pm
Thursday – 12:00pm – 3:00pm & 6:00pm – 9:30pm
Friday – 12:00pm – 3:00pm & 6:00pm – 10:30pm
Saturday – 12:00pm – 3:00pm & 6:00pm – 10:30pm
Sunday - 12:00pm – 3:00pm & 6:00pm – 9:30pm

Staff
We are advised that the business has 8 members of staff.

Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £230,000. Further financials can be made available upon request.