Licensed Italian Restaurant in West London For Sale

Situated in a parade, excellent main road trading position, sought after WEST LONDON

Turnover £ 8,000
Price £139,000

Features

Licensed Italian Restaurant

SINGLE FRONTED PREMISES, wood strip floor, ceiling with spot lights, Air conditioning with hot air. Bar, EPOS till, drinks display fridges. Tables and chairs providing seating for 50 People, CCTV system (7 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 6-burner), fridges, freezers, deep fryer (2 pan), Stone Bake pizza oven.

Toilet with w.c. and wash hand basin.

Basement, used for storage purposes

Preperation Kitchen with dishwasher, 3 fridges, 2 freezers.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx. (£300 online orders)

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 5pm - 10pm

Outside

Rear garden.

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 2022 with reviews every 5 years (next review 2027) at a current rent of £45,000 p.a. + VAT

Business Rates from April 2024 £2,250 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £139,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 69,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote