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Reference R9347

Well Fitted Pizza & Pasta Restaurant in Regent Street For Sale

Well Fitted Pizza & Pasta Restaurant in Regent Street For Sale
Buy a Well Fitted Pizza & Pasta Restaurant in Regent Street For Sale Sell a Well Fitted Pizza & Pasta Restaurant in Regent Street For Sale

Register to see map and to make an appointment Situated in a parade, prime trading position, office area with schools nearby, CENTRAL LONDON REGENT STREET

Turnover 3,000
Price 85,000

Features

Well Fitted Licensed Restaurant

We understand the premises have A3 use. Allowable opening hours at present 7 a.m. - 7 p.m. (Obviously it shold be possible to extend the hours, subject to obaining the necessary planning permission).

At present operated as a Pizza & Pasta Restaurant.

ATTRACTIVE RESTAURANT with quality laminated floor, 1 wall in attractive brickwork, ceiling with hanging lighting. 2 air conditioning/heating units. Tables & chairs providing seating for 30 persons (can be increased). Long counter, touchscreen till, upright cool display unit (for soft drinks & beers).

OPEN PLAN COOKING AREA with 2-deck pizza oven, 2 doors, 1 drawer refrigerated stainless steel counter with marble top & refrigerated topping section, mixer, microwave oven, double door glass fronted counter fridge.

REAR SECTION with stainless steel extractor, 4-burner gas cooker, induction hob, fridge, deep fryer, sink & drainer

Stairs to basement
Ladies'/gentlemen's cloakroom with w.c. & wash hand basin

In addition there is a large basement

Turnover

WE ARE INFORMED the turnover averages 3,000 p.w. with limited opening hours, in our opinion offering terrific potential for development in the right hands.

Staff

At present operated by a lady vendor with the assistance of her partner

Trading Hours

At present Mondy - Friday inclusve - 12 noon - 3 p.m. only
CLOSED SATURDAY & SUNDAY
In our opinion there is terrific potential for additional opening hours

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 23 years unexpired at a rental of 50,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 12,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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