Immaculate Pizza Restaurant & Slight Takeaway in South London For Sale

Situated in a parade, main road trading position, S LONDON

Turnover £ 1,000
Price £195,000

Features

Recently Refurbished Pizza Restaurant Plus Slight Takeaway

ATTRACTIVE SINGLE FRONTED RESTAURANT with laminated strip floor, wall & ceiling lighting. Tables & chairs providing seating for 30 persons. Small dispense bar.

GROUND FLOOR KITCHEN with tiled floor, stainless steel extractor system, wood burning pizza oven, 3-door refrigerated making table, small deep freezer, double sink & drainer, wash hand basin.

Basement half tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Storage area
Small office

Turnover

WE ARE INFORMED the turnover averages £10,000 p.w. including some takeaway, in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 55%.

Staff

The business is at present staff operated. 4 full time plus 5 part time staff employed.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Thursday - 4 p.m. - 11 p.m.
Friday & Saturday - 12 noon - 11 p.m.
Sunday opening - 12 noon - 10 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of £25,000 p.a. exclusive of rates for the next 1 year with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £3,000 p.a. approx. after small business relief.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote