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Reference R9715

Licensed Italian Restaurant & Pizzeria in North London For Sale

Licensed Italian Restaurant & Pizzeria in North London For Sale

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

Turnover £ 6,500
Price £120,000

Features

Licenced Italian Restaurant & Pizzeria

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 700 ft², wood strip floor, suspended ceiling with spot lights. Air conditioning with hot air. Sales counter, 2 EPOS tills. Tables and chairs providing seating for 54 persons.

PART OPEN PLAN KITCHEN, stainless steel extractor unit, 2-deck pizza oven.
walk-in coldroom, 3 deep freezers, upright freezer, table fridge, 3 stainless steel sinks, 3 preparation tables, additional refrigerated making table, combi oven, 8-burner gas cooker, 2-pan deep fryer etc.

Ladies & gentlemens toilets with w.c. and wash hand basin

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500/ £7,500 p.w. with a gross profit of 65% approx. 10% in respect of deliveries

Staff

The business is at present operated by the vendor on a part time basis with 5 full time & 3 part time staff employed.

Trading Hours

6 Day week
Friday - Sunday inclusive 12pm - 11pm
Monday, Wednesday, Thursday - 5pm - 10.30pm
CLOSED TUESDAY

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 2004 with reviews every 4 years (next review 2024) at a current rent of £24,000 p.a.

Business Rates from April 2021 £1,200 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017 AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (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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