Leasehold Business For Sale Premium £120,000 plus SAV.
We understand Don Luigi was first established in Formby over thirty years ago. Following the retirement of the original owners in July 2011, the restaurant was acquired by the current owners, who are now looking to dispose of the established, successful & profitable business due to their plans to relocate out of the area.
The accommodation provides approximately 110 covers to the ground floor which also benefits from a covered veranda area which is situated to the front of the building. The first floor provides a further 65 covers and has a separate bar area.
The main kitchen has store and preparation room areas together with walk in fridge and full range of commercial kitchen equipment.
The first floor dining and bar area is predominantly open plan and beyond this, there is self-contained living accommodation with its own dedicated ground floor entrance to the side and rear. There is potential to increase turnover by utilizing this first floor area for private functions or as additional dining space.
We understand the business has been awarded a 'Certificate of Excellence' rating on Trip Advisor and the restaurant also benefits from a level 5 food hygiene rating following the last assessment in January 2017.
Included within the sale of this business would be the existing webpage - www.donluigirestaurant.com
Copies of the completed accounts and inventory are available on written request as is a copy of the existing lease.
- Highly Profitable Italian Leasehold Restaurant For Sale within Affluent Formby Village Location
- Available Due To The Proposed Relocation Of The Owners
- Approximately 14.5 Years Unexpired On The Existing Lease at a rental of £40,000 per annum
- Substantial Inventory of Fixtures and Fittings Included and Audited Accounts Available on Written Request
- Purpose Built Accommodation Over 4,000 Sq Ft to Ground and First Floors Plus Owners Living Accommodation
- Scope To Increase Turnover Through Additional Opening Hours and Functions to First Floor Dining & Bar Area