Back to listings Save

Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill

City of London, London
1 of 1
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 1
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 2
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 3
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 4
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 5
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 6
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 7
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 8
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 9
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 10
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 11
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 12
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 13
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 14
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill Photo 15
Enlarge
Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest HillSpacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill
  • Status

    FOR SALE

  • Date Submitted:

    28/06/22

  • Advert ID

    297812

  • Leasehold: £100,000
  • Rent: £27,000
  • Turnover: N/A £0 Per week
  • Net Profit: N/A

Business Details

Licenced Italian kitchen and bar for sale

This spacious Italian kitchen and bar are situated in a parade on an excellent main road trading position. It is opposite the railway station in a residential and commercial area, FOREST HILL, LONDON, SE23. Ours is a family-run busy modern Italian kitchen, wine and cocktail bar. The premises has a full-on licence.

It was established five years ago in London. We offer different cocktails, fine wine, and Italian draft beers. We are the most well-established restaurant in the area among our two competitors.

At present, it is operated as Italian cuisine, which could be continued and in our opinion. However, there is also potential for other types of cuisine, if desired. We have a large dining area with a laminated strip floor. There is a modern corner attached sofa which seats 24 people, tables and chairs providing seating for 40 people,10 high chairs by the bar and 24 people at the front patio. We have an OPEN PLAN KITCHEN with a tiled floor, large electric pizza oven, gas cooker, and two big fryers. There is a dough mixer, walking freeze, two deep freezers, five fridges, a dishwasher, double sink, drainer etc. It is the most perfect kitchen you would ever see.

The establishment also has a large ladies' & gents washroom and an extra disabled washroom with a baby changing area. Our long and attractive bar has wine racks and plenty of freezers for beverages. We have a two-unit coffee machine (bought in 2021), glass washer, ice maker and a two draft master beer pump. All equipment is bought by us, it is not on the lease.

There is air conditioning and heating throughout. The licence has been approved by Lewisham Council - the local authority which enables the sale of alcohol and live recorded music. Please also note the opening hours license is from 8:00 am, so there is a strong possibility to create lunch service, breakfast service as well as dinner service.

We have three full-time and four part-time employees. We are on Facebook, and Instagram and we have partnered with food delivery platforms like JustEat, UberEats, and Deliveroo. The restaurant has a licence to open from eight am - 11:30 pm. It is running from 4:30 pm - 11pm Tuesday to Friday and the Saturday 13:00 - 23:00 and Sunday timings are 12:30 - 21.30 pm. Mondays are closed.

The premises are held on a secure renewable lease and the present lease has approximately 18 years left at a current rental price of £24,000 p. A. (Excluded vat)You will be renting from the most generous and good-hearted landlord who is more than happy to make a new lease. The place is personally inspected and comes highly recommended. The sale will include a SECURE LEASE, GOODWILL, FIXTURES and FITTINGS including covers 70-80 indoors comfortably at £111000 plus deposit. The stock will be sold at a valuation.

Uniform Business Rates: Nil payable after small business relief

The reason behind the sale is that I have another business venture. This restaurant is too far from my home and with my new venture and family circumstances, it is becoming difficult to manage both. If you are a serious buyer you would not want to miss this opportunity!

We are happy to offer training opportunities to the new owners. Get in touch for more information.

Read more

Company Report - Make a better decision for this business

  • Risk Score
  • Credit Limit
  • CCJs
  • Mortgages & Charges
  • Director & Secretary Timeline
  • Shareholders
  • Ownership & Group Structure and more

Key Features

Contact the seller for more details, or book a viewing

Stay Safe

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

Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

0 of 0

Contact seller

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

0 of 0

Recently viewed businesses

Disclaimer

The data showed regarding this advert 'Spacious Modern Italian Kitchen & Cocktail Bar for sale in Forest Hill ' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.