Restaurant for Sale in Chingford, Waltham Forest
- Fully Fitted 80 cover restaurant
- Ample Street Car Park Available
- Benefits from Premises Licence
- Outdoor Seating for up to 16 covers with retractable roof
- Suitable for any kind of restaurant or cafe
- Lease: Ending 2039
- Passing Rent: £25,000 PAX
- Rent Review: Every 5 years
- Next Rent Review: Agreed at £30,000 from 2024
- Premium: £100,000 (Lease & FF&E)
The restaurant is located on a busy high street with ample car park space, attracting a large number of customers from the local community as well as visitors to the area.
TRADING & FINANCIALS
- Gross Sales Revenue: Circa £7,000 per week (£364,000/year) (As per the seller)
- Delivery partnership with JustEat, Deliveroo & UberEats
- We have been informed that the restaurant currently operates with 3 full time, 4 part time and two owners
- Total Area Circa 1356 sq. ft
- Covers: Circa 80 covers
- Rateable Value: £28,000
- Business Rates: Circa £14,000 per year (Eligible for discount this year)
- Alcohol Licence
- Fully equipped commercial kitchen
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.
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.