Italian Restaurant and Wine Bar in South London For Sale

Situated in a Parade, excellent trading position, residential and commercial area, SW LONDON

Turnover £ 3,750
Price £99,500

Features

Italian Restaurant, Pizzeria & Wine Bar


OUTSIDE SEATING FOR 8 PEOPLE.

5 STAR HYGIENE RATING.

SINGLE FRONTED PREMISES, in the region of 775 ft², CCTV (8 CAMERAS), Llamnate flooring, suspended ceiling with LED lighting.

Customer waiting area.

Tables and chairs seating 35 people.

BAR - Touch screen cash register, coffee machine (on lease), grinder (on lease), 2 undercounter fridges, under counter freezer, beer pump, dish washer, ice machine, wash hand basin.

Ladies cloakroom with toilet and wash hand basin.

Gentleman's cloakroom with toilet and wash hand basin.

OPEN KITCHEN - Stainless steel extractor, 6 burner hob, large grill, 2 double basket deep fat fryers, microwave, pizza oven (single deck), salamander, bain marie (3 pots), pizza making station, dough mixer, large upright single door freezer, double door fridges under counter 4 door fridge, dish washer, 2 stainless steel preparation tables, double sink and drainer, hand wash basin, etc.

Store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. - £4,000 p.w. with a Gross profit of 65% approx.

Staff

TThe business is at present operated by the Husband & Wife team with 1 full time and 1 part time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 12 noon - 10 p.m.
SUNDAY 12 noon - 9 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £30,000 p.a.

Business Rates from April 2025 £4,500 approx. (after small business relief) (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE MAY 2025

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote