BUSINESS FOR SALE – Well-established Italian restaurant, located in Pickering. The business is well-positioned in the town, and has three restaurant areas catering for over 60 covers. Potential to extend current opening hours, and the property also benefits from spacious living accommodation.

Long and well-established Italian restaurant with a strong local following

Over 60 covers set out over three restaurant areas with potential for longer opening and trading hours

Well-positioned to attract tourist and passing trade and easily operated and managed for a partnership of two

Spacious living accommodation

Figaros is prominently positioned in Birdgate, one of the two main points of access into Pickering town centre.

Restaurant: 4.26m x 9.21m into bay; with glazed entrance door, set out for 26 covers (maximum of 34), corner servery with shelving under, doorway to:
Store: 3.35m x 1.64m; stainless steel wash-hand basin. Steps up to preparation area.
Upper Restaurant: 4.09m x 4.42m; seating for 14 covers.
Toilet
Disabled Persons Toilet.
Rear Restaurant: 5.82m x 3.42m; set out for 18, door to:
Kitchen: 2.97m x 4.76m with opening to preparation area; stainless steel sinks, cooker hood with extraction unit, door to rear yard.
Preparation Area: 7.02m x 2.15m; stainless steel catering sink, glass washer point, steps from Servery Store.
Dry Goods Store: 4.46m x 3.45m
Living Accommodation: Independent access from the rear of the property to a ground floor Lobby and stairs to:

First Floor
Store: 3.74m x 5.01m
Living Room: 6.56m x 3.85m; exposed roof beam.

Inner Landing
Boiler Room: 2.86m x 1.98m

Second Inner Landing: Steps to Office and door to Sitting Room
Bathroom
Bedroom 1: 2.33m x 2.85m; .
Office: 3.89m x 3.51m into eaves.
Bedroom 2: 4.37m x 4.54 plus dormer: cast iron fireplace..

Lower Landing
Kitchen: 2.99m x 3.51m
Sitting Room: 4.45m x 4.25m; fireplace.

Outside: There is a rear Yard area over which the property and other adjoining buildings have rights of access for access purposes. Deliveries into the restaurant can be made from this yard area.

The restaurant is usually operated 7 days per week, although in the evenings only. It is currently not trading on Mondays and Tuesdays. It is anticipated that trading hours will be extended such that the restaurant is open every evening between 7pm and around 11pm with last orders usually taken at 10pm. Lunch time trading would also be appropriate, particularly in the busy Easter to mid-October period, in the town centre, when there are significant numbers of visitors.
The business has been latterly operated by one full time proprietor, assisted by a full time chef. Up to eight part time staff are employed, working variable hours.
The business has been trading at around £5,000 gross per week over recent years. Of this food sales account for approximately 70%. There is therefore a good gross profit margin achievable.
With is longer trading and opening hours it would be fully expected that the business should be capable of achieving £6,000 gross per week averaged over the year.