Charming Licensed Italian Restaurant in North London For Sale

Situated in a Parade, excellent main road trading position, residential and commercial area, NW LONDON

Turnover £ 4,500
Price £79,990

Features

Charming Licensed Italian Restaurant and Pizzeria

6 DAYS OPENING
Outside seating for 6 people.
5 Star Hygiene Rating

DOUBLE FRONTED PREMISES in the region of 525 ft², WITH ELECTRIC SHUTTERS - CCTV (5 cameras), air conditioned, tiled floor, character lighting.

Tables and chairs seating 28 people.

Bar - Electric cash register, ice maker, glass washer, under counter fridges, coffee machine (3 group) coffee grinder, wash hand basin and sink.

Unisex cloakroom with toilet and wash hand basin.

Separate Kitchen - tiled floor, stainless steel extractor, 2 double decker electric pizza ovens, painini maker, deep fat fryer, oven, induction hob, 2 microwaves, 2 fridges, 4 freezers, double sink and drainer, marbles top pizza making station, dough mixer, pasta machine, stainless steel preparation table, etc,

Stairs to basement - used for storage.

3 freezers, 2 fridges.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 2 full time staff.

Trading Hours

6 Day week
Wednesday - Monday 9am - 10pm
Closed Tuesday

Outside

Rear yard with fridges and friezes and extra room for storage

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £21,500 p.a.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,990 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,995 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote