ITALIAN RESTAURANT, COLLIERS WOOD, SW19 Reference No: E7627J

Price: 395000
Description

LOCATION:   In a very convenient town on the A24 Sandwiched between the vibrant streets of Tooting and the upmarket Wimbledon in south  west London, this area has a shopping centre at its heart which was once the biggest in the country. The premises are close to the Holiday Inn, a 150 apartment tower block, major multiples in the shopping centre across and just opposite the Northern Line tube station.

DESCRIPTION:  A Large main entrance opening up to a large fully air-conditioned 1,000 sq ft restaurant with 75/80 covers, a large bar with bar stools. A large open kitchen with a clay Pizza Oven, a pizza making section. A full stainless steel extractor system, a preparation area, awash up section, a walk in cold room and wine store. The rear door to the yard has rear access for deliveries and bin storage. The 450 sq ft first floor has ladies and gents wc’s, a staff changing room and a small store cupboard. The new apartment block is currently only 30% full with plenty other new developments going on in the area.

The first floor restaurant has a further 60 covers, another bar and a gents wc with a separate office with storage.

BUSINESS: 7 Years in same hands, run with 6 full time and 1 part time staff taking £9,000 to £10,000 per week @ 65% g.p. The owner now plans to emigrate. Huge scope to easily increase takings

EQUIPMENT:  Fully equipped for the business including 4 air-conditioning units, a large clay pizza oven, a 2 door stainless  steel hot cabinet, a 3 door pizza preparation fridge wiith8sectiontopping sections, a 6 burner gas cooker, a large charcoal grill a meat slicer, a walk in cold room, a LEC commercial freezer, a Polar stainless steel freezer, a domestic fridge, a Brazilia cappuccino machine and grinder, 2 ice machines, an upright wine fridge, a dough machine, 2 domestic bar freezers, furniture, etc.

HOURS: Monday to Friday 5 pm to 11.00 pm. Saturday and Sunday noon to 11.00 pm.

TENURE: Renewable 20 year lease from July 2012 with 5 yearly rent reviews at the current rent of £36,000 pa. Next rent review 2023.

RATES:  £16,000 pa.

VIEWINGS:  By appointment only.

NEGOTIATIONS:  Strictly through PEGASUS BUSINESS SALES on 020 7935 3939

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