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Authentic Italian Pizzeria and Restaurant with 60 Seating Capacity and Alcohol License in Streatham London for Sale

Streatham, London
Italian Pizzeria and Restaurant for Sale in Streatham – Circa 1384 with 60 Covers & Premises Licence Photo 1
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Italian Pizzeria and Restaurant for Sale in Streatham – Circa 1384 with 60 Covers & Premises Licence
  • Status

    FOR SALE

  • Date Submitted:

    15/05/24

  • Advert ID

    611355

  • Reference

    RPS-20400_STREATHAM_PIZZERIA_RESTAURANT / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £145,000 (Stock at valuation)
  • Rent: £21,600
  • Turnover: £338,000 (ÂŁ6,500 Per week)
  • Net Profit: Not Applicable

Key Features

  • Prime Location
  • Fully Fitted
  • Adjacent to Multiple Retailers
  • Close to Local Amenities
  • Attractive Business
  • Price Reduced
  • Established Business

Business Details

Italian Pizzeria and Restaurant for Sale in Streatham – Circa 1384 with 60 Covers & Premises Licence

Italian Pizzeria and Restaurant for Sale in Streatham – Circa 1384 with 60 Covers

Property ID: RPS-20400

MAIN FEATURES

  • Circa 1384 Sq. Ft (Basement and Ground Floor)
  • Covers : 30 Indoor | 30 Outdoor (Summer only)
  • Benefits from Gas and Extraction
  • Alcohol licence in Place
  • High footfall Area
  • Large Shopfront & Great Visibility

LANDLORD’S REQUIREMENTS

  • 3-6 Months’ Rent deposit subject to references
  • Personal Guarantor subject references
  • Proof of funds
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease Ending October 2027 (Inside the LTA 1954)
  • Passing Rent: ÂŁ21,600 plus VAT
  • Rent Review : Every 5 years
  • Next Rent Review: October 2027
  • Premium: ÂŁ145,000 (Business, Lease & FF&E)

THE PREMISES

  • Circa 1384 Sq. Ft (Basement and Ground Floor)
  • Covers : 30 Indoor | 30 Outdoor (During Summer)
  • Rateable Value: 22,000 (Payable Rates: ÂŁ10,978)
  • Benefits from Gas and Extraction 
  • Single phase Electric Power
  • Alcohol Licence
  • Permitted Hours: 11 till 12am

THE LOCATION

  • Streatham, London SW2
  • 0.2 miles to Streatham Hill
  • 1.2 mile to Balham

TRADING & FINANCIALS

  • Trading as a Italian Pizzeria, Restaurant and Bar
  • Gross Sales Revenue: Circa ÂŁ6,500/weekly (ÂŁ338,000/year) (As per the vendor)
  • Currently our client manages the restaurant with 5 full time staff including 2 owners and 2 Part time staff

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

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Contact Agent

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 ÂŁ1, 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.

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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 ÂŁ1, 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.

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The data showed regarding this advert 'Italian Pizzeria and Restaurant for Sale in Streatham – Circa 1384 with 60 Covers & Premises Licence - RPS-20400_STREATHAM_PIZZERIA_RESTAURANT / Rightbiz' 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.