Hitchin town centre restaurant up for sale: Find out more
Many have dreamed of running a restaurant at some stage in their lives - now's your chance to turn your daydreams into reality.
La Bella Vita is a well established and highly regarded licenced restaurant situated on Sun Street, right in the heart of the historic town centre and a short walk from the market square.
The popular Hitchin restaurant in our town is now up for sale - with the business offering a unique Italian dining experience.
La Bella Vita was established in 1978 but the owner is now looking forward to a well-earned retirement.
Its traditional setting and Italian charm provide an ambience which the owner firmly believes cannot be found elsewhere - calling it a Hitchin fine-dining gem.
The succulent menu is heavily influenced by the owner's Venetian roots, using only the very best fresh ingredients offering customers an Italian meal to remember.
For sale
The restaurant has a seating capacity of up to 120 and also has an area for conferences, parties etc with a fully licensed bar and stage.
There are seasonal and A la Carte menus and the restaurant specialises in fine Italian wines.
So, if you want a special place for a romantic meal, or to celebrate a special occasion, then La Bella Vita is simply perfect.
In addition to being a fine-dining restaurant, La Bella Vita also offers something very special in accommodation
La Bella Vita Hotel
La Bella Vita also offers something very special in accommodation having 28 en suite rooms, all finished to a very high standard.
La Bella Vita Hotel has 20 recently refurbished en suite rooms, all finished to a very high standard.
These offer Italian elegance combined with modern comforts. Ideal for a business stay in Hitchin, or for a romantic Hitchin break, La Bella Vita's Hotel provides guests with luxury at a very affordable price.
The rooms are fitted with oak furniture, many have four poster beds, which were purchased from Bylaws furniture makers. Eight of the rooms are situated within a new wing of the hotel.
The rooms are let out privately, to workers but also via the local authority giving an occupancy of circa 75 – 80% throughout the year. The hotel is rated 3* and has rooms at circa £65 per night.
Reason to buy
There are many reasons to buy La Bella Vita including:
- High annual occupancy within the hotel
- Long established within the area
- On site owners' accommodation
- Many returning diners
- Situated in an affluent market town
Financial Profile
Leasehold: £200,000
Annual Turnover: £443,157 La Bella Vita generated an advised turnover of circa £443,157 as of the 2017 accounts, with a gross profit of £245,562, a net profit of £42,317 and an adjusted net profit of £73,292. The assets in the business are worth in the region of £200,000. If you are interested in learning more contact www.rightbiz.co.uk quoting reference B04839 / Rightbiz
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