Sold
Neapolitan Pizza Restaurant in Prime Location
Battersea, City of London
- Asking Price: £45,000 +SAV
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Turnover:
The business achieved a turnover in 2018 of approximately £180,000 which are client informs us should easily be achieved this year with a gross profit in the region of £110,000.
- Tenure: Leasehold
CoGoGo are very excited to offer to the market Lena’s Bar & Kitchen, a much loved Neapolitan pizza restaurant and bar established 3 years ago. The Restaurant was recently purchased by our client in 2018 but due to family commitment is reluctantly having to now sell the business.
The business is still currently trading and can be purchased as going concern or purchased with assets and rebranded.
The business is currently split 50% Eat in diners and 50% from deliveries using delivery partners Deliveroo and Uber eats. There is a healthy mix of customers including locals and families, business owners as well as those visiting the area staying at the nearby Premier Inn which currently accounts for 30% of the walk-in customer base.
The restaurants size also make it an ideal venue for private parties, christenings, wedding celebrations and more. Our client can offer a set menu or pre-ordered selection for any event.
Our client informs us they have also held kid friendly ‘make your own pizza’ days which is a great way to integrate the business with both local schools and families.
Future plans for a buyer could include introducing more live music to the Restaurant, the new stage area will be able to hold weekly live musicians and singers’ sessions, adding a new pull to this community business.
The menu offers an unrivalled choice of wood fired pizzas, using pizza dough that is slowly raised between 24 to 72 hours. The authentic menu offers diners a choice of 13 pizza’s, 6 nibbles (or Contorni), sides, 12 antipasto options, 12 pasta options, main courses and desserts including a daily specials board.
Our client also offers vegan and vegetarian options.
There are excellent reviews on Tripadvisor and Google as well as an active Facebook page with 800 followers and up to date website included.
Our client appreciates there are many avenues he is not currently exploring which could quickly increase the current turnover levels, these include -
- Promoting and advertising the venue more for weddings and parties
- Advertising the venue for local business lunches, meetings and after work parties including the lucrative office Christmas party period
- Pizza making cookery classes - already proven to be popular with children, extending this to adult lessons could help boost the quieter times of the week.
- Increasing links with other hotels through distributing more advertisement leaflets promoting ordering from their website or dining in.
- Stepping up the social media presence with a new Instagram page to promote the live music part of the business.
The business is run and managed by our client with 6 other members of the team.
Monday - Closed
Tuesday – 5.00pm-11.00pm
Wednesday – 5.00pm-11.00pm
Thursday – 12 noon -11.00pm
Friday – 12 noon -11.00pm
Saturday – 12 noon -11.00pm
Sunday – 12 noon -11.00pm
Lena’s Bar & Kitchen enjoys a highly enviable trading position along Queenstown Road in Battersea, London.
The business is surrounded by other complementary independent restaurants, bars and retailers as well been 2 mins walk from the Premier Inn London Clapham.
Queenstown Road runs directly off Lavender Hill, a famous Victorian street offering an eclectic mix of shopping and residential dwellings. People living in this area enjoy supporting their local businesses and therefore it is essential to appeal to this loyal customer base.
Queenstown Road leads directly North to the Battersea Power station which is undergoing significant redevelopment which will include 1000’s of new apartments, a new retail and leisure complex as well as new tube station. To the South the road crosses the A3036 leading to the A3 and Clapham Common.
The nearest mainline station is Wandsworth Road and the nearest tube station is Clapham Common.
The business benefits from metered parking directly outside which is free after 5.30pm and at the weekends.
Front External - canopy covered area for a small table for up to 6 covers.
Ground floor - arrangement of solid wood chairs and tables for up to 50 covers with a central air con unit, vintage store cupboard, bespoke wine rack, integral music system and speakers, spotlight lighting, wall mounted blackboards.
L shaped bar - includes 2 x arm semi-automated coffee machine and grinder,glass washer, 3 x glass fronted storage chillers, Moretti blade table topped fraught lager dispense, storage shelving and till card machine.
Customer toilets
Managers office
Open plan Pizza prep area includes - service counter, marble topped chilled pizza prep unit with 6 x container chilled ingredient chiller unit, a bespoke Wood fired Pizza stove imported from Naples (up to 4 x pizza’s prepared at one time) and large extraction unit.
Kitchen includes:-
- Large extraction unit,
- Turbofan electric oven,
- Lincat double fryer,
- 6 x ring gas stove,
- 4 x ring gas oven (not in use currently),
- Meat slicer,
- Stainless steel double chiller,
- 2 x stainless steel prep tables,
- Double stainless steel prep sink unit,
- Wall mounted shelving for the array of pans, cooking dishes and utensils,
- Hand wash sink,
- 2 x microwaves,
- Ice machine,
- Double stainless steel chiller with chilled container units,
Storeroom - 2 x upright fridges, 1 x upright freezer, unused panini grill and slow cooker.
Staff toilet
External yard
Tenure
We are advised the business is being sold as a Leasehold with 14 years remaining from a 20 year lease paying just £23,540 per year.
The business rates £6200 per anum
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