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Established Italian Restaurant In London For Sale

London
Asking Price:
£89,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

East London/Essex Borders. Firmly Established 60+ Cover Licensed Italian Restaurant, Popular Trading Location With Large Good Class Catchment Area, Retirement Sale After 34 Years Of Ownership, Ideal For Other Forms Of Catering.

Turnover:
Solid year round trade, (full details from vendor when viewing). Would also suit various other cuisines.

Equipment:
Full assortment of equipment to include a coffee machine, glass fronted drinks cabinet, glass washer, numerous fridges & freezers, ice maker, microwave oven, dishwasher, 2 x 6 ring commercial gas cookers, grill, twin basket fryer and griddle. (The above items have not been tested).

Special Remarks:
The vendor started this well established shop from scratch in 1984 and after many successful years, is looking forward to a well earnt retirement. Would be ideal For other forms of catering.

Property information

Property:

Leasehold

Lease Terms:

We understand approximately 7 years remain on the Lease with a current rental of £35,000 per annum.

Living Accommodation:

The upper floor accommodates 5 rooms and shower room, being used by staff. (If not required the Landlord may be prepared to take back and renegotiate a new Lease).

Location:

Business Premises:
Mid terraced premises having a large enclosed and covered outside seating area for 2017 leading to glazed frontage with entrance into the interior. The air conditioned shop is of an older styling, but quite adequate, being decorated with painted walls, wooden flooring, downlighters and seating for 60+ in comfortable surroundings. To the rear is a fully fitted bar which backs onto a preparation area with stainless steel, sinks, work surfaces and shelving. There is also a very large fully equipped kitchen extension that has overhead extraction plus access to service road.

Position:
Situated in a good class district close to the Essex borders and famous forest, on busy through road with good quality shops, being opposite main line station and bus terminal. The immediate neighbourhood is well populated plus the advantage of a large wealthy catchment area.

Business Operation

Trading hours:

Monday to Friday, 12.30pm to 2.30pm and 6.30pm to 10.00pm. Saturday, 6.30pm to 10.00pm. Sunday, Closed.

Contact Information

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