Pizza & Grill Restaurant in Ilford For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, ILFORD, Essex.

Turnover £ 6,000
Price £150,000

Features

Pizza Restaurant & Grill Takeaway (no Deliveries)

5 STAR HYGIENE RATING

Tables and chairs providing seating for 20 People.

SINGLE FRONTED PREMISES in the region of 720 ft² WITH ELECTRIC SHUTTERS AND CANOPY, industrial non-slip floor, ceiling with large spot lights, cool display counter with refrigerated storage section, 2 doner machines, charcoal grill, deep fryer (2 pan), Rice cooker, EPOS till.

Open plan kitchen area, 32" pizza oven (2-deck), refrigerated making table, Coca-Cola fridge, CCTV system (7 cameras, 1 monitor), etc

Walkin coldroom
Walkin Freezer.
Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor (part time) with 2 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 11.30am - 11.30pm

Outside

Rear yard with Parking space for 2/3 car.

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 2014 with reviews every 3 years (next review 2026) at a current rent of £21,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote