Lincesed Italian Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, wealthy residential area, SURREY

Turnover £ 4,000
Price £100,000

Features

Licensed Italian Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 600 ft², CCTV (6 cameras), Wooden flooring, plasterboard ceiling with spot lights and wall lights.

Customer waiting area.

Tables and chairs seating 70 people.

BAR - 3 beer pumps, under counter fridges, freezer, ice machine, was hand basin, glass washer, 2 group coffee machine (on lease), coffee griner (on lease), mirrior backed shelving for spirits, stc.

Customer cloakrrom with toilet and wash hand basin.

SEPARATE KITCHEN - Stainless steel extractor, electric pizza oven, 6 burner hob, oven, pasta kettle, double basket deep fat fryer, microwave, 2 fridges, freezer, double sink and drainer, stainless steel preparation table, etc.

Stairs to BASEMENT;

Walkin fridge.

Walkin freezer.

Gravity meat slicer, dough mixer, pizza preparation station, double sink, etc

Office.

Staff cloakroom with toilet and wash hand basin.

Staff changing area.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the 2 partners (in rotation) with 3 full time and 2 part time staff.

Trading Hours

6 Day week
TUESDAY - THURSDAY 5 p.m. - 10 p.m.
FRIDAY & SATURDAY 12 noon - 3 p.m. then 5 p.m. - 10 p.m.
SUNDAY 12 noon - 8 p.m.
CLOSED MONDAY

There is potential and demand to increase opening hours.

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 2025 with reviews every 5 years (next review 2030) at a current rent of £45,000 p.a.

Business Rates from April 2025 £4,200 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote