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Business for sale in United Kingdom - Ac245-established italian restaurant-south london

Asking Price: 79,500 £ Real Estate: Lease
Sales Revenue: 170,000 £
Net Profit: 1 £
Year Established: 2000
Employees: 1PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/South London

Business types:

Accommodation & Food services

Business categories:

Fast Food Restaurants ; Other Accommodation & Food Services ; Pizza Restaurants ; Restaurants

Business description

the business was established nine years ago. The current vendors have created a warm, friendly and atmospheric environment and have built up a reputation for high quality food, especially for fish at affordable prices. The restaurant is capable of serving 60 covers and has a distinct mediterranean feel, offering customers an opportunity to spend a relaxed evening enjoying a high quality evening meal prepared to top standards and and an extensive choice of fine and popular wines. The business has a superb reputation in particular for the friendly atmosphere and for its superb fish dishes. The high street location allows opportunities for passing trade in addition to their high levels of return custom. Customer service: the current owners make it their business to ensure that all of their customers enjoy the full experience of dining at their restaurant and many repeat customers have already been won over by the service available here. These regular, satisfied customers plus ecellent reputation are the positive results of this work and commitment. Key strengths: long standing regular repeat business. The business offers a dining experience that is second to none when compared to the local competition. The quality of both the food and service set this business apart. Value for money and a great atmosphere add to this restaurant’s reputation. Key opportunities: the business currently only opens in the evening, creating an obvious opportunity to begin offering lunch time menus. A take away service including pizzas would be another straightforward way to create extra business and therefore profitability.

Additional information

Additional information: Not Disclosed
Support & training: The current owners will provide all necessary training during a handover period and will provide all supplier information to allow continuity of trading.
Reasons for selling: Not Available
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The business operates from leasehold premises. Annual rent is £18,000. Rates are £3,000.
Location: The business operates from leasehold premises. Annual rent is £18,000. Rates are £3,000. The business is located at one end of the high street and benefits from being situated close to neighbouring bars and clubs.

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