Restaurant/cafe for sale

Italian Pizzeria and Restaurant for Sale in Streatham – Circa 1384 with 60 Covers

Main features

Circa 1384 Sq. Ft (Basement and Ground Floor)
Covers : 30 Indoor | 30 Outdoor (Summer only)
Benefits from Gas and Extraction
Alcohol licence in Place
High footfall Area
Large Shopfront & Great Visibility

landlord’s requirements

3-6 Months’ Rent deposit subject to references
Personal Guarantor subject references
Proof of funds
Accountant’s references
Trade references

Lease details

Lease Ending October 2027 (Inside the lta 1954)
Passing Rent: £21,600 plus VAT
Rent Review : Every 5 years
Next Rent Review: October 2027
Premium: £145,000 (Business, Lease & ff&E)

The premises

Circa 1384 Sq. Ft (Basement and Ground Floor)
Covers : 30 Indoor | 30 Outdoor (During Summer)
Rateable Value: 22,000 (Payable Rates: £10,978)
Benefits from Gas and Extraction
Single phase Electric Power
Alcohol Licence
Permitted Hours: 11 till 12am

The location

Streatham, London SW2
0.2 miles to Streatham Hill
1.2 mile to Balham

Trading & financials

Trading as a Italian Pizzeria, Restaurant and Bar
Gross Sales Revenue: Circa £5,500/weekly (£286,000/year) (As per the vendor)
Currently our client manages the restaurant with 5 full time staff including 2 owners and 2 Part time staff

Viewings & confidentiality

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

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Disclaimer

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.