Ristorante Don Luigi, 31 Church Road, Formby, Liverpool L37 8BQ

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Norman McCarthy
5 years ago
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Leasehold Business For Sale Long Established and Successful Restaurant Available Due to

31 Church Road, Formby, Liverpool L37 8BQ Highly Profitable Italian Leasehold Restaurant

Relocation Of The Owners Approximately 14.

Inventory of Fixtures and Fittings Included and Audited Accounts Available on Written

Accommodation Scope To Increase Turnover Through Additional Opening Hours and Functions

1 Leasehold Business For Sale Long Established and Successful Restaurant Available Due to Owners Proposed Relocation Out of Area Premium: 125,000 plus SAV Ristorante Don Luigi, 31 Church Road, Formby, Liverpool L37 8BQ 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 s Plus Owners Living Accommodation Scope To Increase Turnover Through Additional Opening Hours and Functions to Dining & Bar Area Fitton Estates, Hoghton Place, 47 Hoghton St, Southport, Merseyside, PR9 0PG Telephone: info@fittonestates.com

Location: The restaurant occupies a prominent position to Church Road, close to the centre of Formby Village, Merseyside and is situated adjacent to the egress of Waitrose Car Park & Taskers Homeware

Description: Leasehold Business For Sale Premium 125,000 plus SAV. We understand Don Luigi was first established in Formby over thirty years ago.

due to their plans to relocate out of the area.

The first floor provides a further 65 covers and has a separate bar area.

2 Location: The restaurant occupies a prominent position to Church Road, close to the centre of Formby Village, Merseyside and is situated adjacent to the egress of Waitrose Car Park & Taskers Homeware store. Formby is an affluent village location found 8 miles south of Southport and 13 miles north of Liverpool city centre and is home to a number of sporting and entertainment personalities. Description: Leasehold Business For Sale Premium 125,000 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 Included within the sale of this business would be the existing webpage - Copies of the completed accounts and inventory are available on written request as is a copy of the existing lease.

Accommodation: Please refer to the enclosed floorplan overleaf.

5 years unexpired term at an annual rental of 40,000 per annum.

Premium: The clients are seeking a premium of 125,000 plus SAV for their business plus stock at valuation. Subject to contract.

Copies of the inventory of fixtures and fittings included within the sale is available on written request, as are copies of audited accounts.

Legal: The ingoing tenant may be responsible for the Landlords reasonable legal costs in the preparation of a new lease.

Viewing: Strictly by appointment made via the sole agents, Fitton Estates 01704 500345. Details Prepared 10 February 2017 Regulated by RICS.

4 Accommodation: Please refer to the enclosed floorplan overleaf. First Floor Terms: The business is available by way of assignment of the existing lease which has approximately 14.5 years unexpired term at an annual rental of 40,000 per annum. A copy of this lease is available on request and we understand the owner may grant a new lease for a longer term, if required. Premium: The clients are seeking a premium of 125,000 plus SAV for their business plus stock at valuation. Subject to contract. Please note any sale would be subject to the landlords consent to assign/grant a new lease. Copies of the inventory of fixtures and fittings included within the sale is available on written request, as are copies of audited accounts. VAT: All prices and rentals where quoted are exclusive of but may be subject to VAT. Legal: The ingoing tenant may be responsible for the Landlords reasonable legal costs in the preparation of a new lease. Business Rates: We advise interested parties should contact Sefton MBC ( ) to qualify the likely payments and reliefs. Viewing: Strictly by appointment made via the sole agents, Fitton Estates Details Prepared 10 February 2017 Regulated by RICS. Fitton Estates for themselves and for the vendors or the lessors of this property whose agents they are give notice that i) The particulars are set out as a general outline only for the guidance of the intended purchaser or lessees and do not constitute any part of an offer or contract. ii) All descriptions, dimensions, references to condition and necessary permissions for the use and occupation, and other details are given in good faith but without responsibility and intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. iii) No person in the employment of Fitton Estates has any authority to make or give any representation or warranty whatever in relation to this property.

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