Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Italian Restaurant In South London For Sale

Kennington, London, UK
Asking Price:
£100K - £200K Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Under £50K

A small, well established, Italian Restaurant based in South London is now on sale.
Positioned on a corner side in Kennington, it has now seven years of successfully trading history behind.
The restaurant is well positioned in front of Kennington, near from the Oval Cricket Stadium and Elephant and Castle station, where a new retail complex will be established, giving a high potential for growth.

A very warm, accommodating hidden gem with a cosy relaxed atmosphere serving authentic Italian cuisine, The well fitted out 1,250 sq ft licenced restaurant with the entrance opening to internal seating for 22 plus a further 8 outside. To the rear of the dining are is the counter section behind which is the stockroom and a large fully fitted and equipped kitchen to an excellent standard and a wc plus a rear fire exit from the kitchen.

At the moment the restaurant is working in evening hours, six days a week, with two owners and a part time pizza chef as staff, with a turnover around £ 4000 per week. An all day working hours will bring turnover easily around £ 6/7000 per week.

The large kitchen and the convenient location allow a good development of the catering service with the chance to serve all central London and the City offices, not mentioning the Battersea area that is now developing. A second delivery brand is active and working, giving the chance to have three sources of income (Main restaurant, Catering services and a second delivery service food brand).

The 7 years operating as Genuine Italian Restaurant are an opportunity to have a solid base of loyal customers, letting new owners to focus on development instead of struggling building a core business.

Specs are the following:
Fully fitted and equipped for the trade including a £600 coffee machine, a glass washer, a wine cooler fridge, a glass fronted fridge, a First Data till system, a 4 burner gas cooker, a 2 burner cooker, a Adexa pizza oven, a pizza fridge, a display topping fridge, a salad fridge, a 12 door stainless steel worktop fridge, an upright stainless steel fridge, a stainless steel hot cabinet, a meat slicer, a vacuum machine, 3 preparation tables, 2 stainless steel cabinets, 2 stainless steel extractor units, a cctv system, an alarm system, 3 domestic fridge/freezers, assorted furniture, etc.

A new leasehold will be settled on the restaurant sale - The current rent is about £1200, no business rates payable (small business relief).

Viewings will be by appointment only.

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Location:

High Street Location, Kennington

Size in square feet:
1,250
Planning Consent:

A3

Business Operation

Expansion Potential:

The major potential is the expansion on the catering and delivery side. The area is growing with a large number of residential buildings and new offices.
A great potential is also offered from the daytime opening hours, it could be operated as cafe in the morning and lunch and keep the restaurant sales on the evenings

Reasons for selling:

New projects ahead

Trading hours:

Tue-Sun 18-23

Employees:
3
Years established:
7

Other Information

Support & training:

Support and training could be provided. A new contract to the current pizza chef could be proposed.

Furniture / Fixtures value:
£60,000 - included in the asking price

Contact Seller

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here