Licensed Italian Restaurant in North London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, North LONDON

Price £59,000

Features

Licenced Italian Restaurant & Pizzeria

6 DAYS OPENING

BI FOLD FRONTED RESTAUTANT 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 UNDERSTAND the business enjoys a good turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by the vendor with 2 full time & 1 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 4pm - 11pm
SATURDAY 12 noon - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in November 2024 with reviews every 5 years (next review 2029) at a current rent of £25,500 p.a.

Business Rates from April 2026 £300 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £59,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote