COSY ITALIAN RESTAURANT, SOUTH EAST LONDON Reference No: E7697J

Price: £ 195,000
Description

LOCATION:                   In an area around a major road junction in south east London, without a doubt one of the most up-and-coming areas and on its way to becoming one of the trendiest new neighborhoods in London rivaling places like Clapham, Peckham and Vauxhall South of the River Thames. This restaurant is conveniently located in a parade of shops on a busy main road with street parking.  

 

DESCRIPTION:          A true gem, a nice, cozy, warmly decorated little Intimate neighborhood restaurant with a very unassuming environment and decoration that would transport you into a common Italian town. The single fronted restaurant has a 7 metre seating area outside for 7 persons. Inside, there is seating for up to 80 covers but it is currently laid out for 64 persons. There is an open bar section and a pizza preparation area with a traditional clay gas pizza oven. To the rear is a fully fitted stainless steel kitchen and wash up section, ladies and gents wc’s, a rear leading to a loading bay with a service road for deliveries.  

 

BUSINESS:                    Established in 1993 and in the same hands for 14 years, this is a family run restaurant taking £7,000 pw @ 65%/70% g.p.

 

HOURS:                         6 days. Tuesday to Friday noon to 3 pm and 5:30 pm to 11 pm. Saturday noon to 11 pm, and Sunday noon to 10 pm. Closed on Monday.                                                                  

                                                                                                     

EQUIPMENT:                A fully equipped restaurant fitted out with the clay oven, a cappuccino machine a grinder, a 3 door bar fridge, a glass washer, an ice machine, a Polar pizza fridge, A Polar 6 pot Baine Marie, a refrigeration unit, an EPOS system, a Hoshizaki large ice machine, an upright wine fridge, a cake and dessert fridge, a Vulcan 8 burner gas cooker, 2 oven cookers, a Lincat electric pasta machine, a charcoal grill, a Buffalo double fryer, a stainless steel upright fridge, a Coldstream walk in cold room, furniture, 2 True stainless steel upright freezers, a large chest freezer, 2 small freezers, a meat slicer, a small Polar ice machine, a large industrial mixer, a Beko domestic freezer, electric shutter, a 5 camera cctv system, 2 air conditioning units for hot and cold air, all fire rated and alarmed, etc. In the basement via an internal staircase is the pizza dough section, a walk in cold room, freezer storage, an office and 2 large stock rooms.

 

TENURE:                       Held on a secure renewable F.R.I. 15 year lease from September 2019 at a rent of £20,500 pa with 5 yearly rent reviews.

 

NEGOTIATIONS:          Strictly through PEGASUS BUSINESS SALES

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