Authentic Italian Restaurant for Sale in Prime Kennington, SE11 Location
Kennington, London
- Status
FOR SALE
- Date Submitted:
13/10/20
- Advert ID
267807
- Reference
E7701RB / Rightbiz
- Call Agent:
- Leasehold: £99,000 (Stock at valuation)
- Rent: £11,400
- Turnover: N/A
- Net Profit: On request
Business Details
AUTHENTIC ITALIAN RESTAURANT, KENNINGTON, SE11
LOCATION: Situated between the world famous international cricket ground which hosted the first ever FA cup final in UK and soon-to-be-developed new shopping centre, this premises occupies an enviable corner position on the main road close to a tube station.
DESCRIPTION: 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.
BUSINESS: An established business taking £3,800 pw at 65%/70% g.p. which is run by husband and wife with 1 part time staff.
HOURS: Tues to Fri 6 pm to 11 pm. Sat and Sun 5 pm to 11 pm. Closed Monday.
EQUIPMENT: 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.
TENURE: A renewable F.R.I. lease to 2022 at a current rent of £11,400.
RATES: No rates. (Small business rates relief)
VIEWINGS: By appointment only.
NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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