Licensed Italian Restaurant in Putney For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW1 LONDON PUTNEY

Turnover £ 7,000
Price £85,000

Features

Licensed Italian Restaurant with Substantial Outside Seating

Front garden with seating 8 covers
Rear garden with 40 covers

SINGLE FRONTED PREMISES in the region of 785 ft² with awning. Tiled floor, ceiling with hanging lights. Tables and chairs providing seating for 36 persons. CCTV system (8 cameras, 1 monitor).

OPEN PLAN KITCHEN. Stainless steel extractor unit, fridge, freezer, 6-burner gas cooker, 2-deck pizza oven, stainless steel preparation table, double sink and drainer, dishwasher, microwave oven, etc.

Stairs to ......

Ladies' & Gentlemen's Toilet with w.c. and wash hand basin.

Office.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000/£7,500 p.w. with a gross profit of 65% approx. (20% deliveries)

Staff

The business is at present operated by the vendor with 2 full time & 2 part time staff. Wage bill in the region of £1,200 p.w.

Trading Hours

7 Day week
MONDAY - FRIDAY - 6 p.m - 10.30 p.m
SATURDAY & SUNDAY - 12 noon - 11 p.m

Outside

Rear garden with 40 covers

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 2018 with reviews every 5 years (next review 2028) at a current rent of £23,000 p.a.

Business Rates from April 2021 £400 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote