Immaculate Italian Restaurant in North London For Sale

Situated in a parade, excellent main road trading position, NORTH LONDON

Turnover £ 22,500
Price £495,000

Features

Immaculate Licensed Italian Restaurant (seating 180 People), Established 1986

5 STAR HYGIENE RATING

Outside seating for 12 people.

DOUBLE FRONTED AIR CONDITIONED PREMISES, in the region of 1,750 ft², WITH BYFOLD DOORS, CCTV (14 cameras), Suspended ceiling with spotlights, laminate flooring.

Customer waiting area.

Tables and chairs for 180 people.

BAR - Electric cash register, 1 beer pump, 2 group coffee machine, grinder, under counter fridges, glass washer, ice machine, dessert display chiller, wash hand basin.

KITCHEN - Stainless steel extractor, Single deck pizza oven (gas), Rational oven, 8 burner hob, 2 double basket deep fat fryers, grill, stainless preparation table, pizza topping station, dough mixer, dough roller, etc.

Walkin cold room.

Ladies and gentlemen's cloakrooms with toilet and wash hand basin.

Disabled cloakroom with toilet and wash hand basin.

Stairs to first floor, in the region of 240 ft².

Dry store.

Walkin chiller.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £20,000 p.w. - £25,000 p.w. (25% Deliveries) with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 7 full time and 5 part time staff employed.

Trading Hours

7 Day week
SUNDAY - THURSDAY 12 noon - 10 p.m.
FRIDAY & SATURDAY 12 noon - 11 p.m.

Outside

Parking for 5 vehicles to the rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £85,000 p.a.

Business Rates from April 2026 £11,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025 AND OFFERED FOR SALE DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £495,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 247,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote