Property Information
Address:
Cardiff, Cardiff
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH534176
Property Ref/Agent: 13371-superb-restaurant-in-prime-location
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe are delighted to introduce to the market Sorrento's.
This multi-cuisine restaurant has been trading from the current prime location since November 2015. Formally operating from different premises around a year before moving.
The business has quickly established itself as a quality destination eatery and take away, seeing a high level of repeat custom.
Sorrento's offers a diverse menu and is renowned for its delicious burgers, using only premium-cut marbled beef.
Accompanying the food is a temping selection of luxury milkshakes and freshly ground coffees.
The business has an outstanding reputation for the quality of food and friendly service.
The projected 2016 accounts show turnover in the region of 138,000 with gross profit at circa 56%.
The restaurant boasts 36 covers with stylish dcor and affords a lovely relaxed ambiance and a further 16 covers provided in the private courtyard at the rear in the warmer months.
The business is sold with a high level of catering equipment.
We are advised the current owner is considering acquiring an alcohol license.
If obtained a new owner should look into extending opening hours to later in the evening to further revenue.
The business also offers a grab and go menu and ordering is available via the businesses website and the nationally recognised platforms Deliveroo and Just-Eat offers on-line ordering and delivery service. The business also has a great Facebook presence with over 620 likes and great reviews.
with regular updates and features and gallery of the tempting dishes.
Early viewing of this outstanding business venture is highly recommended, with the business genuinely coming to the market as our client is moving abroad.TENUREWe are advised leasehold.
The original lease length is 10 years
As of 2016, 9 years remain on the lease
Rent is 15,000 per annum.HOURSThe business opens: -
Monday to Wednesday 10.30am - 18.00
Thursday - Saturday 10.30am - 21.00
Sunday 10.30am - 17.00
The opening hours can vary according to seasons.STAFFThe business is owner run and managed with the assistance of a weekend chef, 2 front of house members of staff and various part time staff members.
The weekly wages bill on average is 120FINANCIAL PROFILEThe projected 2016 accounts show turnover in the region of 138,000 with gross profit at circa 56%.
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