Pizza Restaurant in Croydon For Sale

Situated in a parade, excellent trading position, residential area, SURREY CROYDON

Turnover £ 4,500
Price £105,000

Features

Old Established Pizzeria Restaurant

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 400 ft² with tiled floor, suspended ceiling with LED lights, sales counter, cash register, wood fired pizza oven, refrigerated making table. Tables and chairs providing seating for 15 People, CCTV system (3 cameras, 1 monitor).

Kitchen, Cooker, slicer, microwave, fridge, freezer, Dough mixer.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx. (50% delivery)

Staff

The business is at present operated by the 2 partners

Trading Hours

6 Day week
TUESDAY & WEDNESDAY 4pm - 10.30pm
THURSDAY & SUNDAY 12pm - 10.30pm
FRIDAY& SATURDAY 12pm - 11pm
MONDAY - FRIDAY 7am - 6pm
SATURDAY 7am - 1pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £16,200 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 IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 52,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote