Licensed Italian Restaurant in South London For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, SE LONDON

Turnover £ 48,500
Price £395,000

Features

Substantial Licensed Italian Restaurant

FORECOURT WITH SEATING FOR 20 PEOPLE
Fully refitted in 2024

TRIPLE FRONTED PREMISES in the region of 3,375 ft² WITH ELECTRIC CANOPY, tiled floor, spot light, LED lights. Bar, EPOS till, 2 x under counter drinks display fridge (glass fronted upright double-door), double door freezer, Coffee Machine (2 Group), coffee grinder, glass washer, CCTV system (10 cameras, 1 monitor).

Tables and chairs providing seating for 90 People.

Open plan kitchen area with stainless steel extractor unit, Cooker (Gas 6-burner), salamander grill, charcoal grill, stone pizza oven, paste boiling machine, dishwasher, 3 microwave, 3 counter top fridges, 2 Fridges, 2 under counter freezers, 3 x deep freeze.

Walkin cold-room.
2 x Stock room.
Office

Stairs to first floor in the region of 980 ft²

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.
Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £48,500 p.w. with a Gross profit of 65% approx. (15% via portals)

Staff

The business is at present operated by 8 full time & 8 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 10pm

Accommodation

THE 2 SELF CONTAINED FLATS with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,400 per month. The accommodation comprises:

1 Double Bedrooms
Kitchen / Lounge.
Shower room with shower, w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £65,000 p.a.

Business Rates from April 2026 £15,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £395,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 197,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote