Licensed Italian Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, SW LONDON

Turnover £ 9,000
Price £120,000

Features

Licensed Italian Restaurant Plus Live Music Licence

FORECOURT WITH SEATING FOR 10 PERSONS

6 DAYS OPENING

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,200 ft² with ELECTRIC SHUTTERS & CANOPY. Tiled floor, ceiling with wall lights. Tables and chairs providing seating for 40 persons. BAR, EPOS till, 3 drinks display fridges. CCTV system (8 cameras, 1 monitor).

Toilet with w.c. and wash hand basin.

Stairs Basement in the region of 600 ft²

KITCHEN. Stainless steel extractor unit, 2-6-burner gas cookers, 2 deep fryers, grill, 2-deck pizza oven, dishwasher, refrigerated making table, 3 fridges, fish fridge, 2 deep freezers, Walk-in coldroom.

Staff Toilet with w.c. and wash hand basin

Office

Staff room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. with a gross profit of 65% approx. (30% DELIVERIES)

Staff

The business is at present operated by the vendor with 4 full time & 1 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 11 a.m - 11 p.m

Outside

Parking space for 1 car

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2010 with reviews every 3 years (next review 2025) at a current rent of £37,000 p.a.

Business Rates from April 2023 £5,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME FAMILY SINCE 2010 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote