Successful Italian Pizzeria Restaurant & Takeaway In London For Sale

Business description

Location: the business is well located in a high density residential area on a busy main a-road. There is much bus, car and pedestrian traffic passing by during the day and evening.

Description: the premises are in excellent condition as they were fully refurbished and modernised throughout in 2009. There is a double fronted modern main entrance (with security shutters and canopy). The restaurant fascia has full height sliding french doors which can be opened up in summer or used as a shisha bar. The open plan restaurant area is 24’5” wide and has seating for 26. There is ceramic floor tiling and ceiling halogen spotlights. Towards the rear there is a serving area with kitchen. On one side there is a walkway leading to two toilets and a store room. There are internal stairs which lead up to the first floor. In addition there is a separate front entrance from the outside which can be used for the first floor. The first floor contains a large storage area which can be used for seating. This has real oak wood flooring. At the rear of the first floor there is a fully fitted commercial kitchen. There are further stairs which lead up to the flat on the second floor

Equipment: double pizza oven, commercial microwaves, dishwasher, cctv system, double steel sink, tall freezer, 3 upright fridges, 40kg dough mixer, slicer, hotplate, 4-hob cooker, new boiler, ranchillio coffee machine, grinder, 5ft extractor fan, steel worktops, wine-cooler/drinks fridge, glass display cabinet and 2 meter length pizza preparation unit in granite.

Business: the business is currently taking between £3,500 to £4,500 per week. The owner is supported by a family member, one full-time staff and two part-time delivery drivers. There is a nearly new motorcycle included in the sale price. The premises have a3 use (under appeal).

Hours: open 7 days from noon to 9pm (fri/sat close at 10pm)

Accomm: there is a modern open plan one bedroom flat on the 2nd floor. It is in excellent condition and viewing is recommended. There is potential to rent this for £250-£300 p.w.

Tenure: the lease originally commenced in 1995 for a period of 20 years. There are 4 yearly rent reviews, with the last review done in 2008. Rent is £34,000 p.a. The lease is renewable upon expiry.

Rates: business rates payable are approx £8,500 p.a.

Property information

Property:

Leasehold

Lease terms:

TENURE: The lease originally commenced in 1995 for a period of 20 years. There are 4 yearly rent reviews, with the last review done in 2008. Rent is £34,000 p.a. The lease is renewable upon expiry.

Leasehold rent:

£34,000 per annum

Living accommodation:

ACCOMM: There is a modern open plan one bedroom flat on the 2nd floor. It is in excellent condition and viewing is recommended. There is potential to rent this for £250-£300 p.w.

Other information

Support & training:

Full handover support and training included in asking price.

Trading hours:

HOURS: Open 7 days from noon to 9pm (Fri/Sat close at 10pm)

Financing available:

UP TO 100% FINANCE GIVEN to you when you buy this business with very low monthly payments (subject to status).

Related documents:

• 
• Compulsory Registration Form