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Reference R9725

Licensed Italian Restaurant & Takeaway in South London For Sale

Licensed Italian Restaurant & Takeaway in South London For Sale
Licensed Italian Restaurant & Takeaway in South London For Sale Buy a Licensed Italian Restaurant & Takeaway in South London For Sale Sell a Licensed Italian Restaurant & Takeaway in South London For Sale Licensed Italian Restaurant & Takeaway in South London For Sale for Sale Licensed Italian Restaurant & Takeaway in South London For Sale 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, SE LONDON

Turnover £ 6,000
Price £125,000

Features

Licensed Itailian Restaurant

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 1,500 ft² WITH ELECTRIC SHUTTERS. Air conditioning with hot air. Tables and chairs providing seating for 70 persons. Tiled floor, suspended ceiling with spot lights. Sales counter, wine fridge, drinks fridge, ice machine, cake fridge, gas pizza oven.

Ladies' & gentlemen's toilet with w.c. and wash hand basin.

KITCHEN. Stainless steel extractor unit, 2 fridges, freezer, 8-burner gas cooker, 2 ovens, bain marie, 2 table top fryers.

Basement (621 ft² approx) used for storage purposes. 4 freezers, dough roller, dough mixer, Walk-in coldroom.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 - £7,000 p.w. with a gross profit of 65% approx. (25% deliveries via Just Eat, Deliveroo & Uber Eats)

Staff

The business is at present operated by the vendor with 2 kitchen staff & 1 waiter.

Trading Hours

6 Day week
TUESDAY - THURSDAY INCLUSIVE - 5.30pm - 11pm
FRIDAY - SUNDAY 12pm - 11pm

Outside

Small yard with loading area

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE Council lease granted for 15 years in 2018 with reviews every 5 years (next review 2023) at a current rent of £20,500 p.a.

Business Rates from April 2021 £2,600 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR EMIGRATING.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (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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