Description

Well Established & Profitable Restaurant For Sale in London. Confidential sale.

Property ID: RPS-22663

PROOF OF FUNDS REQUIRED: All interested buyers must sign NDA and provide proof of funds before requesting particulars and viewing.

MAIN DETAILS

Well established restaurant
Sought after location in London
Gross revenue: 2024: £1.65 million
Sale of Ltd company
Premium of £650,000 sought for the goodwill, lease and fixtures & fittings

LEASE DETAILS

Lease: Ending August 2040 (Inside LTA 1954 Act)
Rent: £87,000 plus VAT
Rent review: Every 5 years
Next rent review: August 2030
Premium: £700,000 (Goodwill, lease and FF&E)

THE PREMISES

Circa 90 covers restaurant
Premises licence in place
Rateable Value: 33,500
Payable business rates: Circa £13,000/annum

THE BUSINESS

Gross revenue: 2022: 1.5million, 2023: 1.36million and 2024: 1.65 million
Our client manages the restaurant with 24 Staffs including full time & part time.

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 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.