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London Properties Are Pleased To Offer To The Market This Italian Restaurant And Pizzeria Established 5 Years Ago for Sale

North London, London

Leasehold : £ 99,950
Turnover : £ 6,000 p.w.

London Properties are pleased to offer to the market this Italian restaurant and pizzeria established 5 years ago, its quality food and customer service, competitive prices and stylish premises have attracted much patronage and allowed the business to generate revenue in excess of £260,000. Such an eatery provides an exceptional platform for a first-time buyer or an experienced owner-operator looking to acquire a business in a prominent location. With little effort, the right buyer could leverage the business’ reputation and look to expand further. There exist a number of opportunities for growth. Internal viewings are highly recommended through London Properties by appointment.

LOCATION: The business occupies a prominent trading position on Crouch Hill in Stroud Green and benefits from being located in a densely populated residential area. The business benefits from being located in a high footfall area with excellent road links into Central London and the surrounding area. The nearest station is Crouch Hill.

DESCRIPTION: A3 restaurant with a alcohol license currently trading as a Italian restaurant and pizzeria. Glass wooden fronted trade space measuring with 40 covers, includes a well equipped trade kitchen, basement and male & female WCs.

BUSINESS: The business has a 5 Star review on Google with nearly 40 reviews. The business provides a delivery service with 2 of the best delivery service companies: Deliveroo and Uber. This brings in an average income of £850 - £900 weekly. The business has up to 40 covers.

USES: A3 with alcohol license

PREMIUM: £99,950 for the benefit of the lease, fixtures & fittings.

RENTAL: £16,000 per annum

TERMS: 12 years remaining

BUSINESS RATES: Interested parties are advised to make their own enquiries to the local authority.

SIZE: Approximately 650 sq ft

OPENING HOURS: Monday -Saturday 10:00 a.m - 15:00 p.m & 18:00 p.m - 23:00 p.m & Sunday 12 noon - 22:00 p.m

COVERS: 40

STAFF: Husband & wife team with 2 staff

TURNOVER: Current turnover in excess of £260,000 per annum

ACCOUNTS: Available on viewing

LEGAL COST: Each party to bear their own legal costs as well as the ingoing tenant to bear landlords legal costs

LOCAL AUTHORITY: Islington

REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT: A holding deposit will be required to secure the property the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.

VIEWINGS: Through London Properties by appointment only


Trading Hours: Monday -Saturday 10:00 a.m - 15:00 p.m & 18:00 p.m - 23:00 p.m & Sunday 12 noon - 22:00 p.m
 
Staffing: Husband & wife team with 2 staff
 
Tenure: 12 years remaining
 
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26 Advert ID 48347    Sellers Ref : N4 4AP/BSOL

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