- Advert ID: 703787
- (Seller ref: E6912B)
Licensed Italian Restaurant & Accommodation In London N20 For Sale
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Summary
- Asking price:
- £295,000 (Furniture / Fixtures and Inventory / Stock included)
- Sales revenue:
- £468,000
- Net profit:
- Available on request
- Years established:
- 2
- Employees:
- Owner, 4 f/t & 3 p/t
Business description
Excel corner posn on busy main rd, excel passing trade, etc. 1,400 sq ft, 100 seats, tkg £8,500/£9,000 pw. 20 yrs lse from Jne 06, 5 yrly reviews, rent £65,000 pa, rates £8,300 pa. Two 3-bed s/c flats above let @ £1,600 pcm rent.
Property information
- Property:
- Leasehold
- Lease terms:
- 20 years lease was granted in June 2006 with 5 yearly rent reviews and the current passing rent is £65,000 pa.
- Living accommodation:
- There is accommodation above comprising 2 self contained 3-bedrooms flats which is fully double glazed and is gas centrally heated. The flats are currently let on shorthold tenancy with rental income of £1,600 pcm.
Other information
- Trading hours:
- Mon – Sat Noon – 2.30 pm & 6 pm – 10.30 pm. Sun Noon – 10 pm.
- Inventory / Stock value:
- £5,000 (included in the asking price)
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
related resources
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