Ref: GAT2155
Gator Business Sales are delighted to be able to offer for sale Topogigio, an iconic Wimborne Minster restaurant that has been welcoming guests since 1988.
Authentic Italian food, presented in a traditional setting, with attentive professional service, is what keeps diners returning to the restaurant time after time. Approximately 95% of customers are regulars.
Of particular note is the restaurant’s consistent year-on-year financial performance, with exceptional profitability that is significantly above industry standards.
74 covers in total, including a small outside terrace.
Well equipped and nicely furnished throughout.
After more than 3½ decades of very successful ownership, our clients have decided to retire. The acquisition will be of particular interest to hospitality industry professionals, looking to take advantage of Topogigio’s longevity, superb location, outstanding reputation and, as previously mentioned, exceptional profitability.
PLEASE NOTE: THE VENDORS HAVE REQUESTED THAT NO DIRECT APPROACH SHOULD BE MADE TO THEM OR THE STAFF, AND ALL REQUESTS FOR INFORMATION NEED TO BE MADE VIA GATOR BUSINESS SALES.
Property Details: Leasehold
Asking Price: £330,000
Turnover: £504,000
Trading Hours: Lunchtime – Monday-Saturday: 11.30am-2.00pm, Evening – Monday-Sunday: 5.30pm-10.00pm.
Employees: One of the owners works full-time in the business with the assistance of 4 full-time staff. Additionally there is a pool of casual/part-time employees who work as and when required.
Location: Ideal position just off the town’s main square.
Premises Details: Attractive double-fronted ground floor premises totaling approx. 74.9 sq m/806 sq ft.
Lease Terms: The current 20 year lease runs through until October 2028. Passing rent is £18,000 per annum, payable quarterly in advance. We are informed that the lease is contracted into the 1954 Landlord & Tenant Act, providing security of tenure.
Reason for Sale: This is a genuine retirement sale.
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