Licensed Italian Restaurant in West London For Sale

Situated in a parade, residential area, S.W. LONDON

Turnover £ 9,000
Price £145,000

Features

Licensed Italian Restaurant

5 DAYS OPENING
PREMISES in the region of 1,211 ft²

OUTSIDE SEATING FOR 36 cutomers

4 STAR HYGIENE RATING

SINGLE FRONTED AIR CONDIIONED PREMISES, in the region of 1,200 ft², FULLY OPENING BIFOLD DOORS , CCTV (3 cameras,), Laminate floor (wood effect), plasterboard ceiling with adjusable spot lights.

FEATURE ACQUARIUM

Tables and chairs seating 65 people.

Bar - Touch screen cash register, 1 draft beer pump (2 lines), La Marzocco coffee machine (2 group), coffee grinder, under counter fridges, under counter freezer, glass washer, ice maker, wash hand basin, diswasher, etc.

Unisex cloakroom (diasabled access and baby changing facility) with toilet and wash hand basin.

SEPARATE KITCHEN - Stainless steel extractor, gas pizza oven (double deck), 4 burner hob, grill, single basket deep fat fryer, microwave, large upright fridge, large upfright freezer, pizza topping station, 3 doot fridge, dough mixer, dough roller, stainless steel preparation table, marble pizza counter, double sink and drainer, wash hand basin, etc.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. - £10,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the Husband & Wife team with 1 full time staff and 3 part time staff employed.

Trading Hours

5 Day week
WEDNESDAY - SUNDAY 11 a.m. - 10 p.m.

CLOSED MONDAY & TUESDAY

we are advised there is potential and demand for additional opening hours.

Outside

Garden with seating for 30 customers.

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 2021 with reviews every 5 years (next review 2026) at a current rent of £30,000 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 OFFERED FOR SALE DUE TO THE VENDOR'S ILL HEALTH.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £145,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 72,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote