Italian Restaurant for Sale in Central London

Theobalds Rd, Holborn, London WC1X 8SP, UK
£150,000
  • Description
  • Address
  • Details
  • Features

Description

Italian Restaurant for Sale in Central London

Restaurant Property Sellers presents this well maintained & profitable Italian Restaurant for sale in Central London.

Rent: £30,000/year, Business Rates: £10,200/year, Lease: 8 Years remaining

MAIN FEATURES

  • Lease registered on Limited Company, hence quick transaction possible (Subject to Landlord’s approval)
  • Planning: A3 with Premises Licence
  • Size: Circa 926 sq ft (Ground Floor: 468 sq ft | Basement: 458 sq ft)
  • Busy Commercial Location
  • Rent: £30,000/year
  • Landlord’s Deposit: Equivalent to one year rent
  • Premium: £150,000 plus SAV (Includes company, goodwill, lease and FF&E)

LEASE DETAILS

  • Lease: 8 years remaining
  • Lease registered with “limited company”
  • Rent: 30,000/year
  • Rent Review Term: 5 yrs
  • Next Rent Review: June 2022
  • Rate: 10,200/year
  • Business: £220,000 to £260,000/year
  • Net Profit: £40,000 to £50,000/year
  • Premium: £150,000 plus SAV (Includes company, goodwill, lease and FF&E)

THE LOCATION

Located on Theobalds Road, Holborn, this fully fitted restaurant is ideally located on a busy commercial area surrounded by businesses like Warner Bros, Mediacom, Exterion Media and London School of Economics, offering a great potential business all day business. There are several popular hotels in vicinity offering a huge potential for dinner business.

THE PREMISES

Spread over two floors (groundfloor & basement), with total area of circa 926 sq ft, this restaurant for sale in Holborn has well presented 28 covers on the ground floor with a potential to add few more covers. The ground floor itself is circa 468 sq ft and also accommodates 1 WC for customer.

The basement is circa 458 sq ft in area which accommodates the kitchen, storage & a small office. The restaurant is cosy and well decorated to offer a perfect fine dining experience and comes with FIVE STAR Hygiene rating from the local council.

TRADING HOURS & PLANNING

Current Trading Hours: Tuesday to Saturday: 12pm till 3pm & 5:30pm till 11:30pm

Closed on Sunday & Monday

Planning: A3 with premises license (10:30am till 22:30 pm)

FINANCE & STAFF

We have been informed a turnover of circa £220,000 to £260,000/year with net profit of circa £40,000 to £50,000/year with just 5 days of trading hours. Opening on Sunday & Monday is likely to increase the revenue to £280,000 to £333,000.

This restaurant is very popular among locals and tourists alike. The business has an excellent ratings on Google, Opentable, Yelp & TripAdvisor. It is currently operated by 2 full time staffs, 2 part time and an owner.

LANDLORD & DEPOSIT

The lease is registered to a Limited Company, hence this could be a hassle free transaction. Purchasing the limited company would offer all the benefits of the lease however subject to a rental deposit of £30,000 or equivalent to one year’s rent along with other references.

VIEWINGS

Strictly through Restaurant Property Sellers only. Staffs are not aware, hence no approach must be made at any circumstances. We have arranged an open viewing for the following date & time. Interested viewers must book in advance. Use the contact form on the bottom of this page.

DISCLAIMER

The above information are provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

  • Address: Theobalds Rd, Holborn, London
  • City: City of London
  • County: Camden
  • Post Code: WC1X
  • Town/Area: Holborn
  • Country: United Kingdom

Detail

  • Property ID: RPS-5015
  • Price: £150,000
  • Property Type: RESTAURANTS FOR SALE
  • Property Status: Leasehold

Contact info

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