Italian Restaurant in Wallington For Sale

Situated in a parade, excellent main road trading position, SURREY WALLINGTON

Turnover £ 4,500
Price £95,000

Features

Well Fitted Italian Restaurant

Decked Forecourt with canopy with seating for 15 persons

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 930 ft² with ELECTRIC CANOPY. Laminated strip floor, suspended ceiling with spotlights. Surround music system. Tables and chairs providing seating for 30 persons. Sales counter, EPOS till, 2 group coffee machine, 3 door glass fronted under-counter drinks display fridge. CCTV system (6 cameras)

OPEN PLAN KITCHEN. Stainless steel extractor unit, electric cooker, grill, 2-deck pizza oven,, refrigerated making table, double door fridge, etc

Shower Room

Toilet with w.c. and wash hand basin

Basement in the region of 400 ft², used for storage purposes with 2 freezers

Turnover

WE ARE INFORMED by the owner when trading the turnover averages £4,500 p.w. Gross Profit 65% (We understand 25% of the sales are via portals)

Staff

The business is at present operated by the vendor with 1 full time and 2 part time staff.

Trading Hours

7 Day week (11pm Licence)
MONDAY - FRIDAY 10.00am - 3pm then 5pm - 10pm
SATURDAY 10am - 10pm
SUNDAY 10am - 9pm

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

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 2021 with reviews every 5 years (next review 2026) at a current rent of £22,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote