Profitable Italian Restaurant for Sale in Kensington

  • POA
Kensington, London, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Profitable Italian Restaurant for Sale in Kensington

Kensington, London, UK
  • POA

Description

Established & Profitable Italian Restaurant for Sale in Kensington


MAIN FEATURES

  • Profitable & Established Italian Restaurant
  • Gross Revenue of 1.1 million (2023) & 1.3 million (2022)
  • High Spec, Modern Décor and Fittings
  • Fully Fitted Italian Restaurant
  • Circa 55 Covers Restaurant
  • Outdoor seating available
  • Fully Fitted Commercial Kitchen
  • Sale of Ltd Company

VIEWINGS & CONFIDENTIALITY

  • All interested buyers must agree to our NDA before requesting location & financial information.
  • Upon signing NDA, buyers must provide proof of funds to meet the premium and rent deposit.
  • Viewings strictly by appointment and our agency only.

LEASE DETAILS

  • Lease: Ending March 2031 (Inside the Act of 1954)
  • Current Rent: £50,000 PAX
  • Rent Review: Every 4 years
  • Next Rent Review: March 2024
  • Premium: POA (Ltd Company, Business & Assets)

THE PREMISES

  • Circa 55 Covers Restaurant
  • Outdoor Seating available
  • Payable Business Rates: Circa £16,966/annum (Rateable Value: £34,000)
  • Fully Fitted Commercial Kitchen
  • Premises Licence in Place
  • Gas & Extraction in Place

THE LOCATION

  • Kensington
  • Excellent location

TRADING & FINANCIALS

  • Sales Revenue: We have been informed that the restaurant generated:
    – Gross Turnover: £1,133,781 (2023)
    – Gross Turnover: £1,334,067 (2022)
  • Currently our client manages the restaurant with 14 Full Time Staff and 1 Part Time Staff.

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 January 22, 2024 at 10:42 am
  • Price: POA
  • Size: 1349 Sq. Ft
  • Covers: 55
  • Use: Restaurant
  • Type: RESTAURANTS
  • Status: AVAILABLE

Overview

  • RESTAURANTS
  • Type
  • 1349
  • Sq. Ft

Contact Information

RPS_Agent
  • RPS_Agent

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