Attractive Italian Restaurant in West London For Sale

Situated in a parade, excellent trading position, CENTRAL LONDON

Turnover £ 16,000
Price £450,000

Features

Attractive well Fitted Licensed Restaurant ~ Hygiene Rating 5 Star

At present Italian cuisine, which can obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

GROUND FLOOR woodstrip floor, ceiling lighting. Tables & chairs providing seating for 34 persons. BAR with 2 group coffee machine, coffee grinder (both on lease), touchscreen till, draft beer unit (on loan).

Stairs to FIRST FLOOR. Additional restaurant area with woodstrip floor. Tables & chairs providing seating for 40 persons.

From the ground floor stairs to basement with ladies' cloakroom with 2 w.c's. wash hand basin
Gentlemen's cloakroom with 1 urinal, w.c. & wash hand basin

KITCHEN with tiled floor. The equipment includes 6-burner gas cooker, deep fryer, pasta boiler, 4-door stainless steel counter fridge, 3-door stainless steel counter fridge, chest deep freezer, dishwasher, double sink & drainer, walk-in coldroom etc.

There is a dumb waiter from the basement to the ground and first floor

Turnover

WE ARE INFORMED the turnover is in the region of £16,000 p.w. in our opinion offer further potential to increase in the right hands.

Staff

The restaurant is at present operated by a lady vendor (who is a chef) with the assistance of 2 part time kitchen staff. Restaurant area 2 part time staff.

Trading Hours

12 noon - 11 p.m. seven days per week
(We are advised by the present owner that the licence allows the restaurant to be open Monday - Saturday inclusive from 12 noon - 12 midnight & on Sunday from 12 noon - 11.30 p.m).

Accommodation

The second & third floor is currently being converted into 2 FLATS each flat comprising:

1 Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

It will be appreciated upon inspection that if the accommodation is not required for personal use, there is potential to sublet each flat we understand for approximately £1,650 per month.

Tenure

We understand the entire premises are held on a secure renewable lease for a period of 31 years from 2009 at a current rental of £99,000 p.a. exclusive of rates due for rent reviews every 5 years, the next rent review is in June 2025.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE TE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £450,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 225,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote