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CONFIDENTIAL
FOR SALE
629872
TONDO PIZZA LTD
PRICE £150000
TWO LOCATIONS
TITLE: Highly Rated Traditional Pizza Restaurant/Takeaway in Wapping, East London
Name: Tondo Pizza
Business: Restaurant
Location: Wapping
Tenure: Leasehold
Turnover: £200,000
Key Features:
BUSINESS OVERVIEW:
Tondo Pizza Wapping, a highly regarded traditional Italian pizzeria located on Wapping High Street, just moments from the River Thames.
Established three years ago, Tondo Pizza Wapping has gained a loyal customer following among local residents and City professionals, as well as attracting passing trade in this historic area. The restaurant specializes in authentic Neapolitan pizza, utilizing fresh Italian ingredients and allowing dough to rest for 48 to 72 hours for the perfect texture and flavours.
Due to the owner’s relocation to Italy for family reasons, this well-established business is now available for new ownership. Additionally, there is an opportunity to acquire a second location in the City of London, operating as Quadrato, with both sites available for purchase together and individually.
LOCATION:
The historic upmarket East London district of Wapping is rich with maritime history, converted warehouses, marinas and also offers some of the best contemporary central London riverside homes and properties. Wapping links the City of London with Limehouse, Canary Wharf, as well as the DLR, Tube and Rail available from Wapping Overground terminus, Tower Hill, and Shadwell station.
Tondo Pizza is 2 mins walk to Wapping tube station, 5 mins walk to Tower Bridge, with convenient links to the rest of the City via Tower Gateway, Shadwell DLR and Tower Hill.
STAFF:
4 (2 chefs, 2 waitresses)
TRADING HOURS:
Current: Tuesday to Sunday, 6 PM to 11 PM
Licensed: Monday to Sunday, 12 PM to 11 PM
PREMISES:
Size: 900 sq ft
Capacity: 28 covers
Premises License: Monday to Sunday, 12 PM to 11 PM
Utilities: 1-phase electric, hood-type ventilation system, portable air conditioning (12,000 BTU)
Food Hygiene Rating: 5 stars
TENURE:
Lease remaining: 7 Years
Current rent: £35,000 VAT p/a
Business rates: £2,931.88 p/a
Rent review: Every 3 years (next review in September 2024, with the following in September 2027)
LANDLORD REQUIREMENTS:
Guarantor required
FINANCIAL PROFILE:
Current turnover: £200,000 per annum
Detailed accounts and additional financials available upon request
QUADRATO by TONDO PIZZA
TITLE: Well-Fitted Traditional Pizza Restaurant/Takeaway in Wapping, East London
Name: Quadrato by Tondo Pizza
Business: Pizzeria takeaway
Location: City of London
Tenure: Leasehold
Turnover:
Key Features:
BUSINESS OVERVIEW:
Quadrato by Tondo Pizza, a high quality traditional Italian pizzeria located in the City of London , just moments from Bank and Fenchurch Street stations.
Established 6 months ago, Quadrato has gained a loyal customer following among City professionals, as well as attracting passing trade in this busy City based area. The takeaway (with additional seating) specialises in authentic Neapolitan pizza, utilising fresh Italian ingredients and allowing dough to rest for 48 to 72 hours for the perfect texture and flavours.
Due to the owner’s relocation to Italy for family reasons, the business is now available for new ownership. Additionally, there is an opportunity to acquire a second location in Wapping, operating as the main premises for Tondo Pizza, with both sites available for purchase together and individually.
LOCATION:
The business is located in the heart of the City with a variety of transport routes; 5 minutes walk from Bank and Fenchurch Street, with 15-minute walk to London Bridge mainline station. Number of regular bus routes for direct access across the City.
PREMISES:
Size: 900 sq ft
Capacity: Take Away business with 2 tables and 8 seats
Premises Licence: No
Electric 3 phase
Air conditioning unit: 10000btu portable system
Current ventilation system details inc Hood Type 1 or 2:
Inventory:
TENURE:
Lease remaining: 4 years and half (end on may 2029)
Current rent: 34000 VAT
Business rates:
Rent review: No rent review
Detailed accounts and additional financials available upon request
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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