Licensed Italian Restaurant for Sale in London with seating for 90 and two rental flats included.
Undisclosed, London
- Status
FOR SALE
- Advert ID
658813
- Reference
R3224 / Rightbiz
- Call Agent:
- Leasehold: £395,000
- Turnover: £2,522,000 (£48,500 per week)
- Profit: Not Applicable
Business Details
Substantial Licensed Italian Restaurant for Sale
WE ARE INFORMED by the owner the turnover currently averages £48,500 per week with a Gross profit of 65% approx. (15% via portals) FEATURES:FORECOURT WITH SEATING FOR 20 PEOPLE
Fully refitted in 2024
TRIPLE FRONTED PREMISES in the region of 3,375 ft² WITH ELECTRIC CANOPY, tiled floor, spot light, LED lights. Bar, EPOS till, 2 x under counter drinks display fridge (glass fronted upright double-door), double door freezer, Coffee Machine (2 Group), coffee grinder, glass washer, CCTV system (10 cameras, 1 monitor).
Tables and chairs providing seating for 90 People.
Open plan kitchen area with stainless steel extractor unit, Cooker (Gas 6-burner), salamander grill, charcoal grill, stone pizza oven, paste boiling machine, dishwasher, 3 microwave, 3 counter top fridges, 2 Fridges, 2 under counter freezers, 3 x deep freeze.
Walkin cold-room.
2 x Stock room.
Office
Stairs to first floor in the region of 980 ft²
Ladies' & gentlemen's Toilet with w.c. and wash hand basin.
Stock room. ACCOMMODATION:
THE 2 SELF CONTAINED FLATS with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,400 per month. The accommodation comprises:
1 Double Bedrooms
Kitchen / Lounge.
Shower room with shower, w.c. and wash hand basin. PRICE:
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £395,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
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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.
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.
Be safe, use a Rightbiz Solicitor
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