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Reference R9676

Impressive Italian Restaurant & Bar in West London For Sale

Impressive Italian Restaurant & Bar in West London For Sale
Impressive Italian Restaurant & Bar in West London For Sale Buy a Impressive Italian Restaurant & Bar in West London For Sale Sell a Impressive Italian Restaurant & Bar in West London For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, office and commercial area, CENTRAL LONDON

Turnover 7,500
Price 350,000

Features

Impressive Spacious Italian Restaurant with Bar & Live Music Licence

5 DAYS OPENING

Outside seating for 8 people

DOUBLE FRONTED WITH ELECTRIC SHUTTERS all newly fitted in 2020. Air conditioning with hot air. Tiled floor. Tables and chairs providing seating for 60 persons. Bar

KITCHEN with stainless steel extractor unit, 18 fridges, 4 freezers, Walk-in coldroom, 2-deck pizza oven

2 Toilets with w.c. and wash hand basin

Stairs to ......
BASEMENT with Bar. Tables and chairs providing seating for 120 persons.

2 Toilets with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the premises have just commenced trading with the turnover currently in the region of 7,500 p.w.

Staff

The business is at present operated by 2 partners with 8 full time staff employed.

Trading Hours

5 Day week
TUESDAY - SATURDAY 12pm - 1am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2002 with reviews every 5 years (next review 2022) at a current rent of 72,000 p.a. We are advised the vendor has extended the lease which now expires 2034, the next rent review is in 2022 and thereafter every 5 years.

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS 350,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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