Pizza Restaurant and Takeaway in Central London For Sale

Situated in a parade, densely populated office area, close to tube station, CITY OF LONDON.

Turnover £ 3,750
Price £100,000

Features

Pizza Restaurant and Takeaway (franchise Optional)

4 STAR HYGIENE RATING.

SINGLE FRONTED PREMISES, in the region of 425 ft², WITH ELECTRIC SHUTTERS, Laminate flooring, suspended ceiling with LED lighting.

Tables and chairs seating 12 customers.

Sales counter, EPOS cash register. Soft drinks fridge fridge.

KITCHEN - Stainless steel extractor, 32" conveyor belt gas pizza oven, double basket deep fat fryer, doner machine, griddle, microwave, chicken warmer, pizza making station, prepartion fridge, dough mixer, dough roller, chest freezer, double door stainless steel fridge, single sink and drainer, wash hand basin, 2 stainless steel preparation tables, etc,


Stairs to BASEMENT, in the region of 245 ft², used for storage.

2 rooms.

Unisex cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w.- £4,000 p.w. with a Gross profit of 60% approx.

In our opinion there is potential to develop sales by introducing the sale of liquor, subject to Landlord and Local Authority consent.

Staff

The business is at present operated by the vendor's brother with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 11.30 a.m. - 11 p.m.
SATURDAY & SUNDAY 5 p.m. - 1 p.m.

Scope and demand for longer hours.

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 2021 with reviews every 5 years (next review 2026) at a current rent of £25,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote