London Italian Restaurant Plus Takeaway And Home Delivery For Sale

Business description

Pavement area providing space for tables and chairs for 16 persons (on Licence at we understand a current rental of £1,250 p.a) -

Spacious single fronted Restaurant, air conditioned, with quality laminated floor. Bar with optics, 2 group coffee machine (on monthly rental). Tables and chairs providing seating for 52 persons. Pizza serving counter area.

Open plan level kitchen with industrial non-slip floor, well equipped including stainless steel worktops, pizza oven, 1 6-burner gas cooker, 1 4-burner gas cooker, deep fryer, Falcon Grill, 2 double door stainless steel counter fridges, 4 additional fridges, double sink and drainer.

Storeroom with shelving 4 fridges, 3 freezers
Second Storeroom
Large Staff Toilets

Large preparation area/office with convection oven, dough mixer, pasta making equipment. We understand the preparation/office area can be converted into an additional seating area for approx. 24 persons, if desired.

Ladies' & Gentlemen's cloakrooms each with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease for a period of 15 years from September, 2002 at a current rental of £14,600 p.a. exclusive of rates up to September, 2012, with rent to be agreed thereafter.

Uniform Business Rates: £6,327 p.a. approx. + water rates.

OUTSTANDING OPPORTUNITY TO ACQUIRE A MOST ATTRACTIVE AND WELL EQUIPPED LICENSED RESTAURANT IN THIS EXCELLENT TRADING POSITION

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Location:

Situated in a parade, excellent main road trading position, E LONDON

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £9,500 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 65% approx.

Reasons for selling:

** RETIREMENT SALE ** TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £149,995 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday - inclusive - 5 p.m. - 10.30 p.m.
Sunday opening - 10.30 a.m. - 9 p.m.

Employees:

The Restaurant is at present operated by 2 partners, together with 1 of the partners wives plus 2 full time chefs, 1 full time kitchen help plus 1 full time waiter and 2 part time waiters.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance