For sale as a Going Concern - Guide Price £200,000 to include lease, goodwill, fixtures, fittings and equipment.
Discretion required- please only view by appointment through us and do not make a direct approach to the staff or owners - Staff unaware.
This is a turn key opportunity to acquire an easily managed and highly successful pizzeria in a fantastic location. A pizzeria has been established on this site for many years and under the current name for circa 20 years (15 in our client's hands). The property is attractively fitted and benefits from bifold doors opening on to pavement seating for 8 tables - inside is laid out for 34 covers. Air conditioning is installed and there is a fully fitted kitchen with wood fired pizza oven- all equipment is owned outright. The business is operated by a husband and wife team, plus five staff and accounts showing good turnover and profit levels can be supplied to genuinely interested parties after an initial inspection.
A takeaway service is offered and deliveries are via Deliveroo.
Early viewing recommended.
Location
Prime central Kingston corner position, equidistant from the Bentall Centre and the mainline Station. The location benefits from substantial footfall.
Accommodation
From the information provided the premises measure circa 610 sq ft.
Terms
Tenure: Leasehold
Price/premium: £200,000
Rent: £37,000 Per annum
Legal fees: Both parties to be borne by the ingoing tenant/purchaser
Rateable value: The VOA website states a R.V. of £24,500, payable at he prevailing rate.
Lease details: 20 year lease from 2023 with 5 yearly rent reviews. We are advised the lease is drafted within the Landlord & Tenant Act 1954 - lease not inspected by us.
Trading hours: 11.00- 22.00 seven days.
Years established: 20 (15 in current hands).
Employees: 3 full time chefs and 2 part time front of house.
Client involvement: Husband and wife full time.
Specification
- Al Fresco seating
- Alcohol license
- Bi-fold doors
- Business for sale
- Close to many multiples
- Close to station
- Corner position
- Densely populated area
- Discretion required
- Early viewing recommended
- Established dining destination
- Excellent trading location
- Fitted catering kitchen
- High advised turnover
- High footfall
- Long established
- Turnkey opportunity
- Viewings by appointment only
- Wood fired pizza oven