turner-butler

Businesses are featured on

Businesses for Sale

Popular Italian Restaurant/Pizzeria
Prominent High Street corner location

Ref. AC354

Location : West London

Asking Price : £200,000

Turnover : £550,000

Net Profit : £50,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : £30,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

Submit NDA Online
Submit NDA Offline
Print this page

Leasehold

Asking price: £200,000 inc SAV

Business highlights includes:

Forecast Turnover circa £550,000
Forecast Net profit circa £50,000
Stock & Equipment Asset Value circa £30,000
Very recent refurbishment cost ofcirca £70,000
Current first year’s trading successful
Asset sale
Excellent location
Very well established and fully licensed
Repeat custom
Excellent, experienced full time staff
Training and handover
Goodwill

Business Profile

A restaurant has operated on this very prominent, high street corner location for many years and was purchased late in 2016 by the vendor with the intention of adding a retail business to it commercial business. The vendor then invested circa £70,000 in a high quality refurbishment of the premises that included the reastaurant and food preparation areas as well as the frontage to the premises.

Since refurbishment the restaurant was opened in May of 2017 and has been busy since day one, proving to be extremely popular with local residents who enjoy the cosy atmosphere and high quality Italian food on offer, which is under the management, day to day, of a highly professional and full-time Restaurant Manager with the support of reliable full time and experience staff.

The menu is made up of quite typical Italian options, geared toward traditional British tastes and includes various Pasta and Pizza dishes with a varied selection of starters and side dishes. The restaurant is fully licensed.

The restaurant also does very well with local residents with its take-away and home delivery service, which is particularly busy during evening and weekend periods. Opening hours are currently rstricted to evenings due to the vendor’s wish to not do too much, and especially since he wishes to now sell this pizzeria and focus on his other commercial catering business.

The vendor strongly believes that unexploited opening hours during early breakfast and lunch would benefit sales greatly.

Key Strengths:

• Location
• Well known in thearea
• Popular menu
• Quickly established
• New refurbishment
• 14 years left on lease
• Reliable full time management
• Profitable

Key Opportunities:

The new owner has the opportunity to grow the business even further by introducing other opening hours such as breakfast and lunch.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Forecast Turnover circa £550,000
Forecast Net profit circa £50,000
Stock & Equipment Asset Value circa £30,000
Very recent refurbishment cost ofcirca £70,000

The Asking Price is for 100% of the assets of the company based on Net Assets being circa £30,000. There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.

Advertising and Marketing:

The business has an attractive website, Facebook site and benefits from the “Just Eat” online facility for ordering delivered, take away meals.

Premises:

The pizzeria is located in the heart of an affluent residential area of West London and is ideally placed on a busy corner with plenty of street parking available. The premises are leasehold and has 14 years left on its lease. The restaurant is on two floors with circa 800 square feet on a ground floor with a service area and capacity for 22x covers and a basement kitchen and storage of similar area.

The rent per annum is circa £26,400 and the rates are circa £9,000.

Business Hours:

The pizzeria is open Tuesday to Friday from 3:00pm to 11:30pm, Saturday 10.00am to 11.30pm and Sunday 10.00am to 10.30 pm and is closed on Monday.

Support and Training

The owner is happy to train and handover the business to the new owner.

Reason For Sale

The owner would like to sell this business on due to other commitments.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk