Pizza Shop and Grill House in East London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, EAST LONDON

Turnover £ 1,750
Price £95,000

Features

Immaculate, Spacious, Pizza Shop and Grill House

4 STAR HYGIENE RATING.

DOUBLE FRONTED PREMISES in the region of 1,100 ft² with ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with LED lights. Tables and chairs providing seating for 20 persons. 2 sales counters, 2 EPOS tills, milkshake machine. CCTV system (8 cameras, 1 monitor)

PIZZA AREA. 2 x refrigerated making tables, cutting table, stainless steel preparation table, Italian stone pizza oven, glass fronted upright 2 drinks display fridge.

KITCHEN. Stainless steel extractor unit, stainless steel double door fridge, dough mixer, deep freeze, meat slicer

GRILL AREA. Stainless steel extractor unit, 3 burner grill, 3 burner griddle, 2-pan deep fryer, cool display counter with refrigerated storage section, hot cupboard, 2 marble topped fridges, tall upright fridge.

KITCHEN. Stainless steel extractor unit, Rational oven, 6-burner gas cooker, sink.

Stockroom

Toilet with w.c. and wash hand basin

Staff toilet with w.c. and wash hand basin and shower.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. - £2,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with 3 full time and 2 part time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 10 pm

We are advised the vendor has recently been granted a late night licence to be open until 4 a.m. until 4 am

Outside

Yard and parking space for 2 cars.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the Landlord is prepared to grant, to an approved applicant, a NEW SECURE RENEWABLE lease for 10 years with reviews every 5 years (next review 2030) at an initial rent of £30,000 p.a.

Business Rates from April 2024 £5,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024 AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote