Highly Rated Pizza Turnkey Restaurant/Takeaway in Wapping, East London

BUSINESS OVERVIEW:

New Broad Street is pleased to present Tondo Pizza Ltd, a highly regarded traditional Italian pizzeria located on Wapping High Street, moments from the River Thames.

Established three years ago, Tondo Pizza has gained a loyal customer following among local residents and City professionals, as well as attracting passing trade in this historic area. The restaurant specializes in authentic Neapolitan pizza, utilising fresh Italian ingredients and allowing dough to rest for 48 to 72 hours for the perfect texture and flavours.

Due to the owner’s relocation to Italy for family reasons, this well-established business is now available for new ownership. Additionally, there is an opportunity to acquire a second location in the City of London, operating as Quadrato, with both sites available for purchase together and individually.

LOCATION:

The historic upmarket East London district of Wapping is rich with maritime history, converted warehouses, marinas and also offers some of the best contemporary central London riverside homes and properties. Wapping links the City of London with Limehouse, Canary Wharf, as well as the DLR, Tube and Rail available from Wapping Overground terminus, Tower Hill, and Shadwell station.

Tondo Pizza is 2 mins walk to Wapping tube station, 5 mins walk to Tower Bridge, with convenient links to the rest of the City via Tower Gateway, Shadwell DLR and Tower Hill.

STAFF:
4 (2 chefs, 2 waitresses)

TRADING HOURS:
Current: Tuesday to Sunday, 6 PM to 11 PM
Licensed: Monday to Sunday, 12 PM to 11 PM

PREMISES:
Size: 900 sq ft
Capacity: 28 covers
Premises License: Monday to Sunday, 12 PM to 11 PM
Utilities: 1-phase electric, hood-type ventilation system, portable air conditioning (12,000 BTU)
Food Hygiene Rating: 5 stars

TENURE:

Lease remaining: 7 Years
Current rent: £35,000 + VAT p/a
Business rates: £2,931.88 p/a
Rent review: Every 3 years (next review in September 2024, with the following in September 2027)

LANDLORD REQUIREMENTS:

Guarantor required
Deposit: 3 months’ rent

FINANCIAL PROFILE:

Current turnover: £200,000- £250,000 per annum

Detailed accounts and additional financials available upon request

For more information, please contact Charlotte Arden at New Broad Street Business Sales.

For further information please contact Charlotte Arden at New Broad Street Business Sales.