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No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Situated in a parade, excellent main road trading position, LONDON SW (Please register to make appointments and view addresses)

Outstanding opportunity to acquire a most attractive Licensed Restaurant with Full On Licence. At present Italian cuisine, which could obviously be continued. In our opinion, in view of the excellent main road trading position, there is potential for other types of cuisine, including Greek & Indian.

Spacious double fronted Restaurant with marble tiled floor, ceiling lighting. Air conditioned. Dispense Bar. Marble topped tables plus chairs providing seating for 52 persons.

Level kitchen with industrial non-slip floor, fully equipped including 8-burner gas cooker, hotplate, 2-deck pizza oven, 4 door stainless steel counter fridge, 1 deep freeze, 1 additional deep freeze, double sink and drainer etc.

Ladies cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 2 w.c's, wash hand basin

Basement with office
Storeage area with 4 chest deep freezes

WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering tremendous potential for further increase, especially with lunchtime opening. Gross profit 67% approx.

The Restaurant is at present operated by the vendor with the assistance of 4 full time plus 2 part time staff.

6 p.m. - 11.30 p.m. (last orders) seven evenings per week
We are advised that the Restaurant can remain open until 12.30 a.m. if desired.

Yard at rear with store shed with deep freeze

We understand the premises are held on a secure renewable lease having approx. 11½ years unexpired at a rental of £33,500 p.a. exclusive of rates for the next 3½ years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £11,000 p.a. approx. + water rates (metered)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 3 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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