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Business For Sale. Freehold Italian Restaurant With Accommodation East London

LISTING DETAILS
Firms For Sale ID:
32736
Vendor reference:
E7349FS
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Commercial property:
Asking price:
£795,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
£156,000
Net profit / cashflow:
£1,000 - £100,000
Years established:
22
Trading hours:
Mon – Sat noon – 2.30 pm & 6.00 pm – 11.00 pm. Sundays the restaurants opens lunch time only.

OTHER DETAILS
Reason for selling:
Retirement
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Living accommodation:
There is a self contained flat above which is let on shorthold tenancy @ £1,400 per calendar month
 
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BUSINESS DESCRIPTION
In densely populated residential area, off busy main road, close stn. 700 sq ft grd flr (50 seats + 300 sq ft bsmnt. Family run + 1 part time staff, tkg £3,000 pw. Established 22 years. Self contained studio income £1,400 pcm. Genuine retirement sale.

Expansion Potential
The business is very well established for over 22 years and now the owner wishes to retire, currently taking £3,000 per week and is family run with 1 part time staff.

Market / Competition / Non-Competition Agreements
Corner premises has wooden frame frontage with electric security shutters, well illuminated fascia above and seating for customers outside. Internally the premises is arranged on ground floor and basement levels. The ground floor level measures approximately 700 sq ft overall comprising seating area for 50 customers, drinks bar, fully equipped kitchen with side door for deliveries. Ladies/gents toilets are located on the 1st floor level. Basement measures approximately 300 sq ft overall comprising 2 good size stockroom, utility room with washing machine. The premises is fully alarmed.