Businesses For Sale > Business For Sale in Battersea SW11, London, UNITED KINGDOM - UK (UK)

AC225 -Battersea SW11, London- Ł 79,000-Licensed Italian Bar and Restaurant -35 Covers for sale in Battersea SW11, London, UK

Battersea SW11, London, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 79,000	Undisclosed	Undisclosed

Business Summary:
Licensed Italian Bar and Restaurant -35 Covers Ref.AC225 Location Battersea SW11, London Asking Price Ł 79,000 This lively Italian restaurant has been a favourite destination venue amongst those who love authentic Italian cuisine since February 2008. This is a very popular and profitable restaurant with pizza, pasta and takeaway. Specialising in authentic Italian cuisine, the restaurant combines contemporary and rustic styles to create a truly unique dining experience. The welcoming, comfortable and authentic restaurant is capable of serving 35 covers benefits from a prime river side location and a prominent glass fronted window. There are also further 40 covers al fresco, providing views over the river Thames and busy town. The customer base is diverse and comprised of a mixture of local residents, families, and business people. This successful business offers customers an opportunity to spend time enjoying a high quality Italian lunch or evening meal prepared in authentic style to the highest standards and which can be accompanied by the high quality wines that are held in stock. The majority of the wines served are specially selected from individual Italian vineyards. Everything on the menu is prepared from fresh food delivered daily, with ingredients being sourced from first class suppliers.

Year Business was Established: 2008

Number of Employees: 5FT

Facilities / Terms of Lease: Situated in a significant location of main eating area of Battersea near to river Thames the business benefits from glass fronted premises with 35 covers. The restaurant is fully equipped with a large fully fitted kitchen and a good bar area. The premise has a renewable 12 years lease with rent reviews on a 3 yearly basis. Current rent is Ł28,000 per annum, with rates payable of circa Ł11,000 per annum.

Potential Growth/Expansion: The current market for this type of business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs being situated in a vibrant area of Battersea.

Competition: Much of the business's revenue is a result of word of mouth recommendation and repeat business bearing strong testimony to the excellent reputation enjoyed by the business since its inception. The business enjoys a prime location of a busy area close to river Thames that ensures tremendous amount of passing foot trade. It also has a lovely web presence. There business used some local advertising when started during initial days and the owners are aware that a more active sales and marketing campaign would certainly improve sales and profitability and will increase its market exposure and revenues.

Owner willing to train: The current owners will provide all necessary training and all relevant contacts to allow continuity of trading.

Reason for selling: The owners have decided to follow their own separate interests and are ready to pass on this lucrative opportunity to a new and more focussed owner.

Seller Reference Number: AC225
BusinessMart.com Listing Number: 69273

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