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Picturesque Trading Location
Annual Turnover £135,723
Gross Profit £102,549
Trading Only 4 Evenings A Week
Unrestricted Parking After 4pm
Scope To Introduce Lunch Time Service
1 & Potential for 2 Bedroom Flat Above
Seating For 30 Customers Inside
Further 15 Seats Outside
5* Food Hygiene Rating
EPC - D
REF 6420 – Leasehold Italian Restaurant & Flat
Blacks Brokers are pleased to bring to the market this leasehold Italian restaurant and flat located in the picturesque village of Whalley, Clitheroe.
Cucina Seventy Three has been trading on King Street in Whalley since 2013. Our client established the business after seeing a gap in the market for a fine Italian restaurant in this area. The business has gained a large base of repeat customers and a superb reputation with excellent online reviews noted on Facebook, Google and Trip Advisor. The area is also popular with visitors and this brings additional, passing trade. Our client has secured excellent working relationships with local food suppliers to ensure the finest quality ingredients can be included in all traditional recipes.
Whalley is a stunning area of the Ribble Valley which is well linked by the M65 and M6, public transport links are excellent and there is free parking immediately outside the business for up to two hours - this is unrestricted after 16:00. The restaurant occupies an enviable trading position on a busy main road close to a number of other complementary businesses, shops and eateries.
REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator but will soon be operated by staff only due to our client’s other business interests being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a seven year lease which began in 2015 at a cost of £323 per week.
BUILDING LAYOUT AND DESIGN
Cucina Seventy Three operates from the ground floor of a beautifully presented, mid terraced property with private terrace to the front housing an al-fresco dining area which offers seating for fifteen. The business is well branded with classic signage displayed above a partially glazed frontage. Inside, the main restaurant and bar area is presented to a very high standard. It offers seating for thirty with a welcoming, homely feel, wooden flooring throughout and free standing tables and chairs. The kitchen is fully equipped with six burner range, fryers, pizza oven, dishwasher, ice cream freezer and much more. There are also customer toilet facilities within the ground floor.
The first floor comprises of a lounge – currently used as an office, two bedrooms – one of which is currently used as a food preparation and storage room, fitted kitchen and family bathroom. The accommodation is accessed via the business. This could be converted for additional business space or utilised as owner or staff accommodation with little need for investment. To the rear of the property is an enclosed yard.
The business is currently operating with our client in full time employment supported by two part time staff and some family members during busy periods.
Cucina Seventy Three has traded solidly since opening. The business currently has annual turnover of £135,723 and gross profits of £102,549. Full financial details are available upon viewing.
This leasehold business is very nicely established with a superb customer base, enviable trading position and excellent reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours, a strong marketing drive and a takeaway and delivery service – this is very much in demand in this area. This proposition would ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Mon - Closed
Tues - Closed
Wed - 5pm - 11pm- Serving Food Till 8.30pm
Thur - 5pm -11pm - Serving Food Till 8.30pm
Fri - 5pm - Midnight- Serving Food Till 9.30pm
Sat - 5pm - Midnight- Serving Food Till 9.30pm
Sun - Closed
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