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Substantial Licensed Italian Restaurant For Sale

South London, London, UK
Asking Price:
£395,000
Turnover:
£2,522,000
Net Profit:
Undisclosed

FORECOURT WITH SEATING FOR 20 PEOPLE

Fully refitted in 2024

TRIPLE FRONTED PREMISES in the region of 3,375 ft² WITH ELECTRIC CANOPY, tiled floor, spotlights, LED lights. Bar, EPOS till, 2 x under-counter drinks display fridge (glass-fronted upright double-door), double-door freezer, Coffee Machine (2 Group), coffee grinder, glass washer, CCTV system (10 cameras, 1 monitor).

Tables and chairs providing seating for 90 people.

Open plan kitchen area with stainless steel extractor unit, Cooker (Gas 6-burner), salamander grill, charcoal grill, stone pizza oven, pasta boiling machine, dishwasher, 3 microwaves, 3 counter-top fridges, 2 fridges, 2 under-counter freezers, 3 x deep freezers.

Walk-in cold room.

2 x Stock rooms.

Office

Stairs to first floor in the region of 980 ft²

Ladies' & gentlemen's toilets with WC and wash hand basin.

Stock room.

LOCATION: Situated in a Parade, excellent High Street trading position, residential, office and commercial area, SE LONDON

TURNOVER: WE ARE INFORMED by the owner the turnover currently averages £48,500 per week with a gross profit of 65% approx. (15% via portals)

ACCOMMODATION: YES, accommodation is included, you must click the 'Contact Broker' button for additional details.

STAFFING: The business is at present operated by 8 full time & 8 part time staff.

PRICE: TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £395,000 plus stock at valuation

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

ADDITIONAL INFORMATION AVAILABLE INCLUDING; RENT, LEASE TERMS, OPENING HOURS, ACCOMMODATION DETAILS, BUSINESS RATES AND REASON FOR SALE VIA THE 'CONTACT BROKER' BUTTON

Property Information

Property:

Leasehold