Licensed Pizza & Pasta Restaurant in Middlesex For Sale

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

Turnover £ 6,000
Price £120,000

Features

Licensed Pizza & Pasta Restaurant

5 STAR HYGIENE RATING

FORECOURT WITH SEATING FOR 16 PERSONS

DOUBLE FRONTED PREMISES in the region of 500 ft² with laminated strip floor, suspended ceiling with pendent lighting. BAR, EPOS till. Tables and chairs providing seating for 20 persons. CCTV system (3 cameras, 1 monitor)

OPEN PLAN KITCHEN with marble worktops, tiled floor, stainless steel extractor unit, 2-deck pizza oven, 6 fridges, 4 freezers. Pasta section, stainless steel preparation table, microwave, refrigerated making table.

Toilet with w.c. and wash hand basin..

Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 65% approx. (50% DELIVERIES)

Staff

The business is at present operated by the vendor (part time managing) with 3 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 9am - 11pm

Accommodation

THE SELF CONTAINED ACCOMMODATION. 3 Studio Flats, Double-glazed windows with Gas Fired Central Heating, at present let on shorthold tenancies providing a rental income of £900 per month each. The accommodation each comprises:

1 Large bedsitting room
Kitchenette
Shower room with w.c. and wash hand basin

Outside

Courtyard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £37,200 p.a. (As will be appreciated with the current rental income received from the flats of £32,400 the net rental payable at the present time is only £4,800 p.a)

NIL Business Rates after full relief (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