Italian restaurant for sale in Wallington Surrey with outdoor seating and a full bar
Wallington, Surrey
- Status
FOR SALE
- Advert ID
637636
- Leasehold: £65,000 (Stock at valuation)
- Rent: £24,000 (£2,000 per month)
- Turnover: £364,000 (£7,000 per week)
- Profit: On request
Key Features
- Security features including shutters
- Separate customer restrooms
- Size of premises in square feet
- Small business rates relief
Business Details
Cosy and fully equipped Italian restaurant for sale in a prime London location
Italian Restaurant for Sale in Wallington, Surrey
We are offering a charming and fully-equipped Italian restaurant located in a prime area of London, specifically in Wallington, Surrey. This establishment features a diverse menu of authentic Italian dishes and delicious breakfast options. We also boast a full bar that serves a variety of cocktails.
The restaurant has seating accommodations for 24 guests indoors and an additional 13 guests on a lovely outdoor deck. For convenience, the property includes a basement storage area, a designated parking spot for one vehicle, and a large outdoor storage space. Its ideal location directly across from a hotel ensures a steady flow of regular customers, enhancing its profitability.
This business is being sold with all equipment and inventory included, along with full licenses for both alcohol and restaurant operations. If you are seeking a lucrative business opportunity in the hospitality industry, this is an ideal choice!
Business Details
There has been a positive increase in turnover over the past year, with the current turnover standing at £364,000. The leasehold price for the restaurant is £65,000, and the annual rent is £24,000.
Additional Information
Currently, the restaurant employs five staff members. The owner is willing to provide training opportunities for the new owners to ensure a smooth transition. The reason for selling the business is due to the owner's relocation back to their home country.
Summary
This restaurant presents an exceptional investment prospect for anyone looking to enter the thriving food and beverage industry. With its prime location, established customer base, and growth potential, it is a rare find.
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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 £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.
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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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