Popular & Well-Equipped Italian Restaurant in Central London

London
REF: INT1939

Asking Price:
£250,000
Annual Turnover:
£468,000
Annual Net Profit:
TBC
Under Offer
REF: INT1939
Photo of Popular & Well-Equipped Italian Restaurant in Central London
Photo of Popular & Well-Equipped Italian Restaurant in Central London
Photo of Popular & Well-Equipped Italian Restaurant in Central London
Photo of Popular & Well-Equipped Italian Restaurant in Central London

Overview

Tenure:
Leasehold
Established:
2019
  • Excellent Reputation
  • Friendly & Professional Team
  • Huge Growth Potential
  • Well Equipped Business
  • Equipment Included

This is a unique opportunity to acquire a popular Italian restaurant in the heart of London, located just south of the river Thames. The business was initially a start-up business, with the aim to raise the popularity of traditional Italian recipes.

First established in 2019, the present owner has seen the business grow considerably, whilst also gaining a brilliant reputation in the local community for its authentic Italian cuisine. They have amassed a large, repeat customer base, which consists of locals, regulars, tourists, families, and students.

This popular restaurant offers a wide range of Italian meals, but specialises in a vast range of fresh pasta dishes. Described as a fast-casual restaurant, they provide quick service with the use of high-quality, fresh ingredients.

The company currently works with several takeaway providers, such as Deliveroo, JustEat, UberEats, and Hungry Panda, so customers can choose to eat from the comfort of their own homes. Currently, turnover is split 50/50 between customers opting to dine-in at the restaurant or have their meals delivered. The business presently takes 80 online orders a day, although this figure is only set to grow.

The friendly, professional team currently comprises five members of staff, including a store manager, a production manager, and three part-time workers. Due to the highly knowledgeable team, there should be an easy transition for the new owner, with all employees having forged excellent customer relationships.

This restaurant has a 5-star hygiene rating and an alcohol licence, as well as a terrace licence, so they can keep tables outside. The business has huge potential for growth, as there is the capacity to bring in £2,000 per day, which could see the business achieve an annual turnover of over £500,000. This brilliant restaurant would be the perfect opportunity for someone with previous catering experience.

This business currently operates from ideal premises in central London, in Borough. There should be a wealth of trade for the new owner as it experiences plenty of footfall, as it’s metres from Borough station, as well as being close to London Bridge and Elephant and Castle. With the option to be seated indoors or outdoors, it’s the perfect place to dine all year round. The business has running costs of between £12,000-15,000 each month.

The restaurant is based on the ground floor of a four-storey building, with 100 square metres of space. The current owners have extensively invested in the premises, so it is now fitted out to an impeccable standard. The restaurant is still using their original layout from its opening, but have made a few changes to the kitchen plan, to ensure an efficient service. As part of the refurbishment, the restaurant can now cover 37 inside and 12 outside.

This business comes well-equipped, which should ensure the new owner can begin work immediately.

This would be the perfect opportunity for someone in the food and catering sector, who is wanting to purchase a well-established and popular restaurant with an ideal location.

There is huge potential for growth with this business, as there is a massive opportunity to build on this company’s excellent reputation.

Furthermore, as the hospitality industry continues to recover from the COVID-19 pandemic, the restaurant is expecting to achieve an annual turnover of £500,000, with the increasing return of tourists and day-to-day business to this part of central London.

The new owner could look into expanding the team, ideally employing an assistant manager and two additional part-time workers. This would enable the business to serve more customers.

Offering a range of authentic Italian pasta dishes, there is also scope to extend the menu.

Finally, it would also be a great idea to increase the online presence of the business, as this is a great way to continue attracting trade.

Features

Key Information

  • Number of Covers: 40
  • Delivery Services: Deliveroo, In-house, Just Eat, Uber Eats
  • Hygiene Rating: 5

Reputation

  • Google: 4.4
  • TripAdvisor: Very Good

Online Presence

  • Facebook: Yes
  • Instagram: Yes
  • Linkedin: Yes

Website: www.maestridellapasta.com/en

Location

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  • City Centre Location
  • High Street Location
  • Close to Local Businesses
  • High Footfall
  • Good Transport Links

Property

Annual Rent
£50,000
Annual Rates
TBC
Lease Term (Years)
15
Lease Expiry (Year)
2030
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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