Restaurants for sale in City of London

View the "La Piazza Hammersmith, City of London W6 7AL" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Mrs Herbert (Nov 2017)
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Leasehold Price: £79,995 Price Reduced Turnover: £100,000 Gross Profit: £70,000
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Business Description
Business
Hilton Smythe are excited to present to the market La Piazza, an established Italian bistro opened by our client in early 2017; now reluctantly selling due to family ill health.

Our client transformed an empty retail unit into a vibrant bistro with both inside and outside dining areas, full A3 use and alcohol licence permitted from 10am - 11pm, 7 days a week.

Our client’s passion to develop the bistro into a recognised brand has resulted in a total investment in the region of £150,000.

Our client’s menu offers a choice of salads, 11 authentic pizza options, pasta dishes, enunciated specials, desserts and cocktails. There is an extensive list of wines, spirits and liqueurs also for those wanting to stay a bit longer and watch the world go by. Our client informs us he attracts a healthy mix of office workers and professionals, tourists, students and local residents as well as fans visiting the Hammersmith Apollo.

Currently trade is split 30% at lunchtime and 70% in the evening, deliveries are also now available through JustEat and Uber Eats.

The business had been run to suit the limitations of our client and we feel there is endless scope to promote the bistro through more local advertising, student offers, an early dining menu, corporate bookings and links with local business groups. Our client informs us he is now taking group bookings from local offices including Christmas parties.

The opportunity would suit anyone looking to capitalise on the level of investment made by our client and the long lease available.

Agreed handover offered.

Location
La Piazza occupies an extremely sought-after trading position on Hammersmith Broadway, West London.

Hammersmith Broadway is a major transport and shopping centre in west London. The area is bustling with new residential development projects, offices, high street retailers and supermarkets, over 12 restaurants including exciting brands such as Bills, Wagamama, Pizza Express and Nando's and more quirky eateries such as Belushi’s, Azou, The Grove, The Gate and The Swan. Our client’s business stands out as the only independent Italian bistro in this area.

The contemporary unit overlooks the busy cross section of 3 roads, and faces the Hammersmith underground, Thomas Exchange global, across from the new pure gym, pure Hammersmith student living accommodation, Hammersmith library and 2 minutes’ walk from the famous Hammersmith Apollo music venue.

There is metered parking in the streets directly behind the bistro as well as a large carpark within 5 minutes’ walk. All major bus routes in and out of London are directly outside.

Premises
Modern bistro with 22 covers internally, 5 bar stools and 8-16 outside covers on the front terrace area.

Complete refurbishment includes exposed brickwork, industrial lighting, beautiful mustard coloured leather seating and a new bar, internal customer toilet.

Bar - solid bar with 3 glass fronted under counter chillers, 2 arm semi-automatic coffee machine and grinder, EPOS till, card machine, stainless steel sink unit, microwave, wall mounted shelving and wall mounted optics.

Air conditioning throughout, 4 x camera CCTV system and wall mounted plasma TV.

Customer toilets.

Small kitchen - 2 deck pizza oven, chilled stainless steel pizza preparation unit and storage.

Tenure
This is a Leasehold opportunity.

10 year original lease.
9 years remain as of 2017.

Rent of £12,500 per annum.

Hours
The business is open 11am - 11pm 7 days a week.

There is potential for morning coffee and breakfast trade.

Staff
Owner run, with the help of 3 part time members of staff.

Financial Profile
La Piazza is run at a pace to suit and generates an advised turnover of circa £100,000 per annum, with a gross profit of 70%.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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