Licensed Pizza and Pasta Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, close to Railway Station, SW LONDON

Turnover £ 9,000
Price £125,000

Features

Licensed Pizza & Pasta Restaurant

6 DAYS OPENING

5 STAR HYGIENE RATING

COMMANDING CORNER PREMISES AT BUSY JUNCTION, in the region of 1,450 ft², Hardwood flooring, plasterboard ceiling with track spot lighting.

Customer waiting area.

Tables and chairs seating 70 people.

BAR - Electric cash register, Expresso coffee machine, 5 draft beers, undercounter fridges, shelving, wash hand basin, etc.

Ladies cloakroom with 2 stalls and wash hand basin.

Gentlemen's cloakroom (2 urinals, 1 stall), wash hand basin

Disabled cloakroom with toilet and wash hand basin

FRONT KITCHEN - Stainless steel extractor, pizza oven (3 deck electric), pizza prpartation table, dough proover, pizza topping station, freezer, 2 double door fridges, 2 single door fridges, dough mixer, wash hand basin, etc

REAR KITCHEN - Stainless steel extractor, 2 single basket deep fat fryer, hot plate, freezer, double sink and drainer, ice machine, stainless steel preparation table, stc


STAIRS TO BASEMENT PREMISES in the region of 450 ft²

Walkin cold room

Walkin freezer (condenser needs repairing)

Beer cooler system.

Staff room.

Dry store.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with 5 full time and 4 part time staff employed.

We are informed the wage bill averages £3,000 p.w. approx.

Trading Hours

6 Day week
TUESDAY - FRIDAY 11 a.m. - 10 p.m.
FRIDAY 11 a.m. - 11 p.m.
SATURDAY 12 noon - 11 p.m.
SUNDAY 12 noon - 8 p.m.
CLOSED MONDAY

Outside

Yard with bin store.

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 2025 with reviews every 5 years (next review 2030), AND A BREAK CLAUSE IN 2035, at a current rent of £48,000 p.a.

Business Rates from April 2025 £4,000 approx. after small business relief(Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE 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