Old Established Italian Takeaway in South London For Sale

Situated in a terrace, busy road, SW LONDON

Turnover £ 5,250
Price £95,000

Features

Well Fitted Italian Take Away

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 435 ft² WITH SHUTTERS, tiled floor, suspended ceiling with LED Panel lights, sales counter, EPOS till, CCTV system (4 cameras, 1 monitor).

Open plan kitchen area, 3 x stainless steel extractor unit, Cooker (Gas 6-burner), 2 x deep fryer (2 pan), griddle, Dough mixer, Dough needier, Pizza Roller, blender, mixer, 5 x freezer, 2 x refrigerated making table, dishwasher, preparation tables ,etc.

Walkin coldroom.

Stock room / Store room..
Staff Toilet / Changing room with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000-£5,500 p.w. with a Gross profit of 65% approx. (90% via PORTALS)

Staff

The business is at present operated by the vendor (evenings only) with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 12pm - 11pm

Outside

Small Yard with storage shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 7 years in 2021 with reviews every 5 years (next review 2031) at a current rent of £13,800 p.a.

NIL Business Rates after full 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 £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote