Restaurants for sale in Greenford

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Modern Pizza Restaurant & Takeaway Business

Greenford, Middlesex, England

  • Leasehold Price: £95,000
  • Turnover: £160,000
  • Gross Profit: £110,000
Seller Reference: B05615
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Business Description
 
 
 
 
 
 
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Seller Reference: B05615
Request Details
Business Description
Business
Hilton Smythe are excited to offer a modern Pizza restaurant and takeaway business which comes with a 2 bedroomed flat located above as well as an additional kitchen unit to the rear of the unit. These 2 bonus areas can be rented out independently which would easily cover the complete rent of the entire building resulting in NIL rent for the main business.

Our client has requested we place the business on the market under normal valuation levels to achieve a quick sale. He has invested over £200,000 purchasing, remodelling and equipping the modern restaurant unit, any new owner will be able to capitalise on all this hard work by paying less than half of the investment he has paid.

The business is also one of the few units on the parade still available with owners/letting accommodations included in the lease, the rent paid for the entire building is comparable to many others renting just the ground floor sections, making this even more desirable!

The restaurant is currently run as a successful ‘Italian Stone Baked Italian Pizza’ business with excellent reviews from its delivery partners, Google and Facebook customers. Its menu is focused on quality rather than price using 1 of London’s finest pizza ingredient supplier (used by many top Hotels).

It attracts a strong family customer base who regularly come and sit down to enjoy their pizza meal rather than simply taking away, the average bill always exceeds £40 which is very good for this type of menu.

We understand the business is being run to suit the health concerns of our client, previous average weekly sales reached over £6,000 per week but now average at £3,000 per week. The turnover is split evenly between walk in customers and deliveries.

Our client currently partners with Just Eat, Deliveroo and UberEATS.

Adilee Italian Stone Baked Pizza is one of the only pizzas driven restaurants offering a contemporary dining space to enjoy the menu, any new buyer may look to continue with this family focus or simply change the menu to suit their own business focus.

We advise investigating any of the following areas to instantly boost current turnover levels -


  • Offer one website deliveries to reduce current delivery commission levels.

  • Extend the opening hours.

  • Offer a lunchtime meal offer.

  • Offer a local customer loyalty scheme.

  • Offer own deliveries.

  • Extend or amend the current menu.

  • Rent out the rear kitchen unit (currently empty).



Location
Adilee Italian Stone Baked Pizza Restaurant and Takeaway occupies one of the most prominent trading positions along the Broadway in central Greenford.

Greenford is a large suburb in the London Borough of Ealing in Greater London, situated just 11 miles west from Charing Cross.

The Broadway is a busy parade of both independent retailers, cafes and takeaways as well major high street brands such as Magnet Kitchens, Costa Coffee, Boots, William Hill and main banks/building societies such as Barclays, Santander.

The Broadway is located within 2 minutes’ drive from the A40 which connects commuters from Uxbridge into central London.

Nearest mainline station is South Greenford.

There is both limited parking spaces directly in front of the business as well plenty free parking in the neighbouring streets too.

Premises
Front External - attractive outside dining space for 8 x covers

Ground floor - Modern dining space with tables and chairs on left- and right-hand walls, easily allows for 30 internal covers, decorated with distinct Italian flag colours and 2 x feature grass walls. Raised seating to the rear right of the restaurant, pendant lighting, glass fronted drinks chiller

Customer Toilet

Service area - 2.5 M glass fronted chiller, bespoke fitted counter with curved edging and under counter storage, large rear menu boards.

2nd service counter - delivery partner order points and food pass.

Main kitchen - includes a hot plate, charcoal grill, tandoori oven, very large extraction unit, 2 x gas powered fryers, coffee machine, water urn, 3 x door stainless steel prep fridge, 3 x stainless steel prep tables, wall mounted shelving, smaller 2 deck pizza oven, upright fridge/freezer, fridge, chest freezer, hand wash sink, larger 2 deck pizza oven, microwave, 2nd stainless steel prep sink unit.

First Floor - Living room, kitchen, bathroom, double bedroom, single bedroom (currently let out at £1,500 per month)

Rear External - Bin store

Dry store cupboard

Larger detached unit/garage - includes electric cooker, stainless steel prep sink unit, walk in freezer, dough mixer, fryer, shelving, extraction unit. (Offer of £700 per month rent for this unit)

Premises are circa 56sqm.

Tenure
We are advised the business is being offered as a Leasehold with 5.5 years remaining on a 12-year renewable lease paying just £24,000 per annum, business rates payable are currently £5,000 per year.

Hours
MONDAY TO SUNDAY - 7 Days - 12pm - 11pm

Staff
The business is run and managed by our client and his wife with the help of 1 full time and 1 part time member of the team.

Financial Profile
The business now run to suit which generates a weekly turnover of around £3,000 with an annual turnover projected in excess of £160,000with a gross profit of £110,000, the adjusted net profit of the business should be around £50,000.

Tenure:
Leasehold
Listed by:
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