Licensed Italian Restaurant in Dulwich For Sale

Situated in a parade, sought after trading position, SE LONDON DULWICH

Turnover £ 5,000
Price £65,000

Features

Italian Licensed Pizzeria Restaurant

Outside seating for 20 persons

5 STAR HYGIENE RATING

ATTRACTIVE RESTAURANT in the region of 1,350 ft² with exposed brickwork, laminated strip floor, wall lighting, ceiling with inset spotlighting. Air conditioning/heating. Tables & chairs providing seating for 32 persons. SMALL BAR with 2-door glass fronted counter fridge, 2 group coffee machine.

KITCHEN with tiled floor, tiled walls, pizza wood burning oven, 3-door refrigerated making table with refrigerated topping section, double sink & drainer etc.

Basement in the region of 430 ft² with 1 small fridge, 1 additional fridge, 1 deep freezer, gravity feed slicer, dough mixer etc.

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

Turnover

WE ARE ADVISED the turnover is currently £5,000/£6,000 p.w. delivery & collection.

Staff

Staff employed. 1 chef, 1 part time chef plus 2 waitresses

Trading Hours

Monday - Thursday inclusive - 3 p.m. - 11 p.m.
Friday & Saturday - 12 noon - 11 p.m.
Sunday - 12 noon - 10 p.m.

Accommodation

Included in the lease is the accommodation over comprising:

2 small studio flats each with living room/bedroom & kitchen area
Shower room with shower, w.c. & wash hand basin.

These are let on shorthold tenancies & provide a rental income of £950 per month for 1 whilst the other is at £950 per month.

In addition there are 2 larger studio flats each comprising:

Livingroom/bedroom with kitchen area
Shower room with shower, w.c. & wash hand basin

These 2 are also let on shorthold tenancies 1 providing a rental income of £900 per month whilst the other provides a rental income of £950 per month.

Outside

Yard at rear with parking

Tenure

We understand the entire premises are held on a secure renewable lease for a period of 15 years from May, 2019 with reviews every 5 years at a rental of £72,000 p.a. until 2029. (As will be appreciated with the current rental income from the 4 studio flats let on shorthold tenancies of £45,000 p.a. the net rental payable at the present time is only £27,000 p.a. exclusive of rates).

Uniform Business Rates 2024: Nil

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED RESTAURANT IN THIS SOUGHT AFTER LOCATION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote