Italian restaurant Oi Spaghetti for sale in Peckham London with outdoor seating and kitchen
Peckham, London
- Status
FOR SALE
- Advert ID
643202
- Leasehold: £16,000
- Rent: £12,000 (£1,000 per month)
- Turnover: £90,000 (£1,731 per week)
- Profit: £35,000 (39% Profit margin)
Business Details
Italian Cabin Restaurant for sale
After ten and a half fantastic years of cooking and running my business, I am excited to announce that I am ready to embark on my next adventure. I am seeking to pass on this unique venue to someone with a vision, and I am open to selling it at a reasonable price. For those interested, more about the restaurant can be found by searching for "Oi Spaghetti" on Google or OpenTable. The landlords are willing to offer the buyer a fresh five-year lease, ensuring a secure foundation for the new owner.
The sale includes most of the furniture and items visible in the photographs, making it a seamless transition for the new proprietor. The unit is well-equipped with water and electricity, and features a fully fitted kitchen complete with four induction hobs and two fridges. Additionally, there is ample storage space under the counter and seating areas, with further potential storage in the basement of the building. Please note that the accessible bathroom is located outside the unit, while the property meets the threshold for business rates, meaning there are no charges owed to the council. I look forward to hearing from interested parties.
This established Italian restaurant boasts a distinctive and welcoming atmosphere, perfect for anyone looking to make their mark in the culinary world. The charming outdoor seating area, surrounded by lush greenery, is ideal for al fresco dining, enhancing the dining experience for customers. Inside, the fully equipped kitchen features modern appliances and ample workspace, making it an inspiring environment for chefs.
Located in the vibrant heart of Peckham, the restaurant naturally attracts a steady stream of foot traffic and local patrons. The space is flexible, making it suitable for various dining experiences and events, appealing to a broad clientele.
Key Features:
- Established Italian restaurant with a unique ambiance
- Outdoor seating area ideal for al fresco dining
- Fully equipped kitchen with modern appliances
- Located in a bustling area, attracting both foot traffic and local customers
- Flexible space suitable for various events or dining experiences
The business has been established for over ten years and has been owned by me since its opening in the summer of 2015. The current turnover is £90,000, with a profit margin of £35,000 and an annual rent of £12,000. This presents a promising leasehold opportunity for any prospective buyer. If you are interested in exploring this exciting venture further, please reach out for more 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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