Profitable Japanese Restaurant for Sale in London

  • Leasehold £500,000
  • £42,000/Year
London EC1V, UK
Business for Sale AVAILABLE

Profitable Japanese Restaurant for Sale in London

London EC1V, UK
  • Leasehold £500,000
  • £42,000/Year

Description

Profitable Japanese Restaurant for Sale in London

Rent: £42,00/year (exc. VAT), Lease: 14 Years remaining


MAIN FEATURES

  • Named on top 100 restaurants in the UK
  • Retirement Sale
  • Ltd Company for Sale
  • Profitable Business with revenue over £1.3 million/year
  • Prominent location in Central London
  • Fully Fitted Restaurant & Kitchen
  • Trademark registered
  • Potential of Franchising

LEASE DETAILS

  • Lease: Ending 1st January 2035 (Inside the Act)
  • Rent: 42,000/year excluding VAT
  • Rent Review Term: Every 5 years
  • Next Rent Review: 2025
  • Premium: £500,000 (Company, Goodwill, Lease & FF&E)

TRADING DETAILS

  • Turnover of over 1.3 million per year
  • Net profit of £165,000 for year end Aug 2020
  • Popular Japanese Restaurant
  • Traded profitably even during pandemic

THE LOCATION

  • London, EC1V
  • Affluent Area
  • Offices and University
  • Angel Station, Old Street and Kings Cross & St Pancras nearby

THE PREMISES

  • Double Front Unit
  • Restaurant & Cafe Use (New Use Class E)
  • Alcohol Licence
  • Ground Floor Area: Circa 957 sq. ft
  • Basement Floor Area: Circa 645 sq. ft (used as storage and staff room)
  • Total Covers: Circa 40
  • Licensing Hours: Mon-Sun: 11:30am to 11 pm
  • Current Trading Hours: 12pm to 10pm (Sunday closed)

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.


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 City of London
  • Post Code EC1V
  • Area Angel

Details

Updated on July 8, 2021 at 3:16 pm
  • Price: Leasehold £500,000
  • Size: 935 Sq Ft
  • Covers: 40
  • Use: Restaurant/Cafe
  • Type: RESTAURANTS
  • Status: Business for Sale

Overview

  • RESTAURANTS
  • Type
  • 40
  • Covers
  • Restaurant/Cafe
  • Use
  • 935
  • Sq Ft

Contact Information

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