Italian Restaurants for sale in London

View the "Popular Italian Restaurant/Pizzeria Prominent High Street corner location" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Popular Italian Restaurant/Pizzeria Prominent High Street corner location

London, England

  • Leasehold Price: £200,000
  • Annual Turnover: £550,000
  • Annual Net Profit: £50,000
Seller Reference: AC354
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Business Description
 
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Seller Reference: AC354
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Business Description
A restaurant has operated on this very prominent, high street corner location for many years and was purchased late in 2016 by the vendor with the intention of adding a retail business to it commercial business. The vendor then invested circa £70,000 in a high quality refurbishment of the premises that included the reastaurant and food preparation areas as well as the frontage to the premises.

Since refurbishment the restaurant was opened in May of 2017 and has been busy since day one, proving to be extremely popular with local residents who enjoy the cosy atmosphere and high quality Italian food on offer, which is under the management, day to day, of a highly professional and full-time Restaurant Manager with the support of reliable full time and experience staff.

The menu is made up of quite typical Italian options, geared toward traditional British tastes and includes various Pasta and Pizza dishes with a varied selection of starters and side dishes. The restaurant is fully licensed.

The restaurant also does very well with local residents with its take-away and home delivery service, which is particularly busy during evening and weekend periods. Opening hours are currently rstricted to evenings due to the vendor’s wish to not do too much, and especially since he wishes to now sell this pizzeria and focus on his other commercial catering business.

The vendor strongly believes that unexploited opening hours during early breakfast and lunch would benefit sales greatly.
Trading hours:
The pizzeria is open Tuesday to Friday from 3:00pm to 11:30pm, Saturday 10.00am to 11.30pm and Sunday 10.00am to 10.30 pm and is closed on Monday.
Tenure:
Leasehold
Competition:
The business has an attractive website, Facebook site and benefits from the “Just Eat” online facility for ordering delivered, take away meals.
Support and Training:
The owner is happy to train and handover the business to the new owner.
Location Details:
West London The pizzeria is located in the heart of an affluent residential area of West London and is ideally placed on a busy corner with plenty of street parking available. The restaurant is on two floors with circa 800 square feet on a ground floor with a service area and capacity for 22x covers and a basement kitchen and storage of similar area.
Leasehold Term:
The premises are leasehold and has 14 years left on its lease. The rent per annum is circa £26,400 and the rates are circa £9,000.
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