Established Italian restaurant and pizzeria for sale in City of London with a long lease and full equipment
City of London, London
- Status
FOR SALE
- Advert ID
632304
- Leasehold: £49,950 (Stock at valuation)
- Rent: £30,000 (£2,500 per month)
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Italian restaurant Pizzeria with bar
We are offering for sale a well-established Italian restaurant, pizzeria, and wine bar located on Upper Richmond Road. The sale is due to the owner’s decision to return to Italy for family reasons. This is a fantastic opportunity for anyone looking to step into a fully equipped dining establishment.
The restaurant comes with a 15-year lease, giving the new owner a stable and secure business environment. The premises are fully outfitted with essential equipment, including a pizza oven, grill, coffee machine, and both kitchen and under-counter refrigerators. Additionally, the establishment is secured with CCTV and features an electric canopy. There are also separate male and female restrooms available.
Patrons can enjoy their dining experience comfortably, with 37 indoor seats and 8 outdoor seats available for pleasant al fresco dining. A built-in sound system adds to the ambiance of the venue, making it a perfect spot for gatherings and celebrations.
Financially, the restaurant has an annual rent of £30,000, equating to £2,500 per month, along with business rates of £400 per month. The leasehold price for the entire business is set at £49,950, which includes all fixtures and fittings necessary for operation.
The restaurant is situated in an area with no direct competition, and there are numerous nearby amenities such as shops and public services that help attract a steady flow of customers. Furthermore, the business maintains an online presence, showcasing its offerings as an Italian restaurant, café, pizzeria, and wine bar.
This is an excellent opportunity for prospective owners to acquire a profitable venture in the vibrant City of London. Interested parties are encouraged to inquire for further details.
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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.
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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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