Established Restaurant Sale in Brixton

  • Premium £195,000
  • £35,000/Annum
Brixton, London, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Established Restaurant Sale in Brixton

Brixton, London, UK
  • Premium £195,000
  • £35,000/Annum

Description

Award-Winning French Restaurant & Wine Bar for Sale in Brixton


MAIN FEATURES

  • Award Winning Family-run French Restaurant
  • Critically Acclaimed Restaurant
  • Grant of New Lease
  • Eligible for rate relief
  • Circa 1063 Sq. Ft
  • Circa 40 Covers (Ground Floor: 30 | Basement: 10)
  • Fully Equipped Commercial Kitchen
  • Net Profit: 2021: £102,751 and 2022: £82,683

LANDLORD’S REQUIREMENTS

  • Rent Deposit: 3-6 months’ subject to references.
  • Personal Guarantor subject to references
  • Proof of funds
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Grant of New Lease (10 years)
  • Lease:  Inside the Act of 1954
  • New Rent: £35,000 per annum
  • Rent Review: Every 3 years
  • Next Rent Review: TBC
  • Premium: £195,000 (Goodwill, FF&E, Lease) + SAV

THE PREMISES

  • Circa 1063 Sq. Ft
  • Premises Licence in Place
  • Circa 40 Covers Restaurant
  • Fully Equipped Commercial Kitchen
  • Eligible for rate relief
  • Gas & Extraction in Place
  • Premises Licence
  • Permitted Hours: Sun -Thu (12pm till 11pm) &  Fri – Sat (12pm till 2am)

THE LOCATION

  • Brixton, SW2
  • 0.5 miles to Brixton Market
  • 0.6 miles to Herne Hill Station

TRADING & FINANCIALS

  • Trading since 9 years
  • Year 2023: Revenue: £638,326.51 (Net profit: TBC)
  • Year 2022: Revenue: £723,316 & Net Profit of £82,683
  • Year 2021: Revenue: £579,005 & Net Profit of £102,751
  • Currently our clients, two partners (manager & head chef), manage the business with other supporting staff members.
  • In our opinion, this business is extremely suitable for an aspiring chef or family with an extensive knowledge of French wine & cuisine. 

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

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


DISCLAIMER

The above information is 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.

Details

Updated on December 6, 2023 at 9:42 am
  • Price: Premium £195,000
  • Size: 1063 Sq. Ft
  • Covers: 40
  • Use: Restaurant
  • Type: RESTAURANTS
  • Status: AVAILABLE

Overview

  • RESTAURANTS
  • Type
  • 1063
  • Sq. Ft

Contact Information

RPS_Agent
  • RPS_Agent

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