Buy a business

Classic Italian Restaurant - Town Centre Location

Grantham, Lincolnshire

Advert ref: 3031TPBW

Swift Sale-Price reduced to £55,000, this is a bargain for the No 1 Italian in Grantham

Established in 2009 the restaurant has fabulous reviews and ratings and has striven to become No 3 out of 95 of Grantham restaurants on Trip Adviser, a position that the team and owners are extremely proud of.

The business is only being sold as the owners are currently overseas and do not forsee a return to the UK. It is expected that trade will be back to where it was prior to lockdown once normality returns.

There is the potential to extend the opening hours to 6 nights a week and to open lunch times.

A great opportunity to acquire this well established and very profitable classical restaurant for a considered investment.

Key features:

  • Well established family run business, owners oversee the day to day running
  • Reputation as the No 1 Italian in the area with great reviews. 4.9 Facebook, 4.8 Google and No 3 restaurant in Grantham on Trip Adviser.
  • Leasehold sale, new lease available, attractive terms £7500/year
  • 32 covers and open 5 evenings a week
  • Team of 5 staff – Chef, Asst Chef, Front of House Manager, Waiter, Washer, 3 full time 2 part time. 
  • Sales average £3,500 per week, with an average of £30 per head
  • Well equipped, large size kitchen with deposit cellar
  • Car parking across the road or on single yellow lines after 6pm
  • Genuine reason for sale as the owners are re patriating
  • Asking price includes all fixtures and fittings

Property Details: Leasehold
Asking Price: £55,000 + SAV (Leasehold)
Lease Terms:

Lease £695/month inc building insurance. 
Zero rated business rates

Classic Italian Restaurant - Town Centre Location Grantham, Lincolnshire

Financial Details

  • Leasehold: £55,000 + SAV
  • Turnover: undisclosed