Restaurant/cafe for sale in London, England, United Kingdom NW6

Ref 8141 – Leasehold Italian Restaurant
Blacks Brokers are pleased to bring to the market this leasehold Italian restaurant located in London.

Introduction

Quartieri was established in this affluent area of London in 2017 and our client took ownership in 2019. The business offers a range of authentic, freshly prepared Napolitano style pizzas, pasta dishes and fine wines. It has become very well known as a casual, high quality restaurant in this area and has a strong base of regular customers in place. The business also benefits from a huge amount of passing trade due to this excellent high street trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor and Facebook.

Location

Quartieri occupies a high street trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples. There are also a number of amenities and attractions nearby including Kilburn Grange Park, Brondesbury Train Station and Kilburn Underground Station. The area is well linked by the M1 with very strong public transport links and parking is available in the surrounding area.

Reason for sale

The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

Lease

The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease runs at a cost of £577 per week– this is due for renewal in 2023 and we are advised that a fifteen year agreement is available with rent at a cost of £596 per week.

Staff

The business operates with our client in full time employment supported by three full time members of staff (this includes two chefs) and four part time front of house staff.

Financial details

Quartieri has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending September 2021 show annual turnover of £291,412 and gross profit of £130,507. Full financial information is available upon request.

Summary

This well established business occupies an enviable trading position in a bustling and sought after area of London. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of a new breakfast service and strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £200,000.

Please quote ref: 8141