| (REF: R8927) Impressive And Spacious Licensed Italian Restaurant |
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| Seller Reference: |
R8927 |
| B4S Reference: |
21707 |
| Asking Price: |
£95,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£312,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
South London, London, United Kingdom |
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Nationwide are pleased to offer to the market : Large front patio area plus side area providing space for tables and chairs for up to 120 persons.
IMPRESSIVE & SPACIOUS RESTAURANT in the region of 2,500 sq. ft. with wooden floor. Full Gas Fired Central Heating. Tables and chairs providing seating for 98 persons (can be increased). Ceiling and wall lighting. Long bar with computerised till, 5 single door glass fronted counter fridges, 1 double door glass fronted counter fridge, wine chiller, sink etc.
Open plan kitchen, full equipped including 1 6-burner gas cooker, 1 4-burner gas cooker, 2 deck pizza oven, 1 double door stainless steel fridge, 2 upright stainless steel deep freezes, 3-door stainless steel counter fridge, 3 chest deep freezes, deep fryer, stainless steel tables etc.
Disabled cloakroom with w.c. and wash hand basin
Ladies cloakroom with 3 w.cs, 2 wash hand basins
Gentlemens cloakroom with w.c. 2 urinals, wash hand basin
WE ARE INFORMED the turnover averages £6,000/£6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 70% approx.
We understand the premises are held on a secure renewable lease, the present lease having approximately 5½ years unexpired at a current rental of £32,000 p.a. exclusive of rates. (We are advised that there is a rent revision due at the present time, however, no request has been received from the landlords at present). In addition we understand there is a service charge currently of approx. £17,900 p.a.
Uniform Business Rates: £12,000 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 8 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Location: |
Sought after position, attractive riverside location, S.W. LONDON. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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11 a.m. - 11 p.m. seven days per week |
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The Restaurant is at present operted by a husband and wife team with the assistance of their son with 4 full time chefs plus 1 full time kitchen staff, 3 full time waiters plus part time staff at weekends. |
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