£134,950
Restaurant for saleKenilworth Road, Balsall Common, Coventry CV7
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About this property
Leasehold Italian Restaurant
55 Seater Restaurant
Private Dining Room
Well Fitted
Leasehold Italian Restaurant Located In Balsall Common
55 Seater Restaurant
Private Dining Room
Well Fitted
Ref 3282
Asking Price £134,950 plus sav (£5,000)
Location
This respected Italian Restaurant is located the in village of Balsall Common. The restaurant occupies a prominent and highly visible trading position on Kenilworth Road. If you're assessing it as a place to live, invest, or run a business, it scores strongly for convenience and connectivity. The parade offers a variety of well-known retailers to include Tesco Express, One-Stop, Costa Coffee and Domino's. Berkswell Railway Station is within close proximity which connects you to Birmingham and Coventry.
Business Description
Veritas Business Sales are delighted to offer for sale this delightful Italian Restaurant which is located in Balsall Common. The business was established by our client in 2021 and is now reluctantly being offered for sale as the owner requires knee surgery, which will take him out of action for approximately six months.
Since ownership they have refurbished, redecorated and installed new equipment along with fixtures & fittings, all of which is included in the sale price, representing a significant saving for any new purchaser as no immediate capital expenditure should be required. La Stalla is owner operated, has no staffing liabilities and generates an average weekly turnover of £7,000-£8,000. The menu offers authentic Italian cuisine which is served in a cosy (45) seater restaurant which also benefits from a private dining room with additional seating for (10).
We believe that there is further potential to increase trade should you wish, by expanding upon the current opening times and opening on Sundays and Mondays. Sunday lunch service was previously offered and proved to be extremely popular, making it easy to reintroduce. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a fantastic opportunity to purchase an established restaurant with further potential which provides an excellent platform for future growth and as such early viewing is highly recommended.
Opening Times
Sunday & Monday - closed
Tuesday - Friday - 12:00 - 15:00 - 18:00 - 22:00
Saturday - 18:00 - 22:00
Leasehold
Term: 10 years
Remaining: 5 years
Rent: £28,500 pa
Reviewed: 5 yearly
Rent deposit: £14,250
Business rates: £5,880 pa
Building Insurance circa £1,000 pa
Ground Floor
Double doors leading to a small vestibule porch.
Private dining room with seating for (10), display unit for wine and storage and storage cupboards.
Restaurant with seating for (45), display unit for wine storage, fresh fish chilled display unit (Polar), under-counter wine fridge, baby highchair, bar area with (Peroni) beer pump, storage shelves for glass storage, glass washer (Class eq), stainless steel sink drainer, filter coffee machine (Adexa), twin head espresso coffee machine (Fracino), coffee grinder (Cunill), spirit display shelves, under-counter drinks fridge (Adexa), 2 door drinks fridge (Prodis).
Toilet with WC, wash basin with vanity unit, electric hand dryer (Gorilla) 2 x wall-mounted mirrors, urinal, baby change.
Storage cupboard for linen storage.
Kitchen with 6-burner range (Falcon) 7 x stainless steel wall-mounted shelves (Adexa), salamander grill (Buffalo), extraction canopy, stainless steel table, deep fat fryer (Adexa), 2 x stainless steel under-counter fridges, small stainless steel table, stainless steel work top with twin bain-marie, hot cupboard and heated pass (Empire). Stainless steel table with tabletop saladette (Tefcold), stainless steel table with two tier shelves, insect zapper, slimline stainless steel table with two shelves, wash basin, wall-mounted paper towel dispenser.
Preparation and washroom with stainless steel double sink drainer, 8 x wall-mounted stainless steel shelves (Adexa), dishwasher (Adexa), dishwasher (Mach), stainless steel table, rear exit door, upright stainless steel freezer (Adexa), double door stainless steel fridge (Adexa), 2 door under-counter drinks fridge (Polar), small chest freezer, stainless steel table with can opener, wall-mounted paper towel dispenser.
External
Off road parking for (2). Bin area, disabled ramp and seating area with tables & chairs.
EPC Rating D
55 Seater Restaurant
Private Dining Room
Well Fitted
Ref 3282
Asking Price £134,950 plus sav (£5,000)
Location
This respected Italian Restaurant is located the in village of Balsall Common. The restaurant occupies a prominent and highly visible trading position on Kenilworth Road. If you're assessing it as a place to live, invest, or run a business, it scores strongly for convenience and connectivity. The parade offers a variety of well-known retailers to include Tesco Express, One-Stop, Costa Coffee and Domino's. Berkswell Railway Station is within close proximity which connects you to Birmingham and Coventry.
Business Description
Veritas Business Sales are delighted to offer for sale this delightful Italian Restaurant which is located in Balsall Common. The business was established by our client in 2021 and is now reluctantly being offered for sale as the owner requires knee surgery, which will take him out of action for approximately six months.
Since ownership they have refurbished, redecorated and installed new equipment along with fixtures & fittings, all of which is included in the sale price, representing a significant saving for any new purchaser as no immediate capital expenditure should be required. La Stalla is owner operated, has no staffing liabilities and generates an average weekly turnover of £7,000-£8,000. The menu offers authentic Italian cuisine which is served in a cosy (45) seater restaurant which also benefits from a private dining room with additional seating for (10).
We believe that there is further potential to increase trade should you wish, by expanding upon the current opening times and opening on Sundays and Mondays. Sunday lunch service was previously offered and proved to be extremely popular, making it easy to reintroduce. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a fantastic opportunity to purchase an established restaurant with further potential which provides an excellent platform for future growth and as such early viewing is highly recommended.
Opening Times
Sunday & Monday - closed
Tuesday - Friday - 12:00 - 15:00 - 18:00 - 22:00
Saturday - 18:00 - 22:00
Leasehold
Term: 10 years
Remaining: 5 years
Rent: £28,500 pa
Reviewed: 5 yearly
Rent deposit: £14,250
Business rates: £5,880 pa
Building Insurance circa £1,000 pa
Ground Floor
Double doors leading to a small vestibule porch.
Private dining room with seating for (10), display unit for wine and storage and storage cupboards.
Restaurant with seating for (45), display unit for wine storage, fresh fish chilled display unit (Polar), under-counter wine fridge, baby highchair, bar area with (Peroni) beer pump, storage shelves for glass storage, glass washer (Class eq), stainless steel sink drainer, filter coffee machine (Adexa), twin head espresso coffee machine (Fracino), coffee grinder (Cunill), spirit display shelves, under-counter drinks fridge (Adexa), 2 door drinks fridge (Prodis).
Toilet with WC, wash basin with vanity unit, electric hand dryer (Gorilla) 2 x wall-mounted mirrors, urinal, baby change.
Storage cupboard for linen storage.
Kitchen with 6-burner range (Falcon) 7 x stainless steel wall-mounted shelves (Adexa), salamander grill (Buffalo), extraction canopy, stainless steel table, deep fat fryer (Adexa), 2 x stainless steel under-counter fridges, small stainless steel table, stainless steel work top with twin bain-marie, hot cupboard and heated pass (Empire). Stainless steel table with tabletop saladette (Tefcold), stainless steel table with two tier shelves, insect zapper, slimline stainless steel table with two shelves, wash basin, wall-mounted paper towel dispenser.
Preparation and washroom with stainless steel double sink drainer, 8 x wall-mounted stainless steel shelves (Adexa), dishwasher (Adexa), dishwasher (Mach), stainless steel table, rear exit door, upright stainless steel freezer (Adexa), double door stainless steel fridge (Adexa), 2 door under-counter drinks fridge (Polar), small chest freezer, stainless steel table with can opener, wall-mounted paper towel dispenser.
External
Off road parking for (2). Bin area, disabled ramp and seating area with tables & chairs.
EPC Rating D
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