Popular Italian Cafe & Restaurant for Sale in Worcester Park

Surrey
REF: INT2142

Asking Price:
£99,000
Annual Turnover:
£179,400
Annual Net Profit:
£50,000
REF: INT2142

Overview

Tenure:
Leasehold
Established:
2017
  • Excellent Reputation
  • Huge Growth Potential
  • Well Equipped Business
  • Equipment Included

For sale is a popular pizzeria/restaurant with a creditable reputation.

Offering a wide and varied menu, they are known for their mouthwatering breakfast offerings (including their locally renowned traditional English and continental breakfasts), alongside their dinner-time servings of pizza, pasta and other Italian specialities.

The restaurant is located on a parade of shops in the otherwise largely residential part of Worcester Park in Surrey. Customers are mostly locals and regulars, but others from further afield are also drawn in by excellent reviews.

This local Italian has very little competition; Pizza Express is a 5-minute bus ride away, but a very different market from this small independent establishment.

There is also a flat above the restaurant, which is currently sublet at £450 per week. This contributes to a weekly turnover of £3,450 per week, comprising of £3,000 from the restaurant and £450 per week rental from flat above. The business also benefits from having no business rates payable.

A full range of equipment will be included in the sale, including: a pizza oven, boiler, 6 stove gas burner with oven, gas griddle, gas deep fat fryer, freezer (2 tall, 1 undercounter), service fridges (5 total), bar fridges (3 total), coffee machine, professional dishwasher, glass washer, ice machine and 2x brand new ventilation systems.

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