Restaurant for Sale in Knightsbridge, London

  • Premium £450,000
  • £130,000/Annum
Knightsbridge, London, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Restaurant for Sale in Knightsbridge, London

Knightsbridge, London, UK
  • Premium £450,000
  • £130,000/Annum

Description

Restaurant for Sale in Knightsbridge. Circa 2261 Sq. Ft


MAIN FEATURES

  • Circa 2261 Sq. Ft
  • Sought-after Location in Knightsbridge
  • Established Clientele & Strong Reputation
  • On & Off Licence in Place
  • Well-Designed & Well-Maintained Ambience
  • Retirement Sale

LANDLORD’S REQUIREMENTS

  • 6 Month’s or more Rent deposit subject to references
  • Personal Guarantor subject to references
  • Proof of funds
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease: Ending Jan 2031 (Inside the Act of 1954)
  • Current Rent: £130,000 PAX
  • Service Charge: £4,000 per annum
  • Rent Review: Every 5 Year
  • Premium: £450,000 (Business, Lease & FF&E) + SAV

THE PREMISES

  • Circa 80 Covers
  • Main Dining Area: 60 | Private Dining/Bar: 20
  • Circa 2261 Sq. Ft (Spread over multiple levels)
  • Payable Business Rates: Circa £27,392/annum (Rateable Value: £53,500)
  • Fully Equipped Commercial Kitchen
  • 5 Star Hygiene Rating
  • Current Opening Hours: 1pm till 11pm
  • Alcohol Licence in Place
  • Permitted Hours: 10am till 12am

Along with main dining area, the restaurant also features a cosy private dining room/bar. The interior is well designed that combines modern elegance with traditional elements. The ambiance is warm and inviting, creating a memorable dining experience.


THE LOCATION

  • Knightsbridge, SW7
  • Prime Location
  • Situated in one of the most affluent and sought-after areas in London
  • Royal Borough of Kensington & Chelsea

TRADING & FINANCIALS

  • Gross Sales Revenue: We have been informed that the restaurant generates gross revenue of circa £825,000 per annum (£15,865/week).
  • Our client currently manages the restaurant with 4 Chefs, 2 FT Managers, 5 Waiting Staff and 2 cleaners.
  • Established over 20 years

VIEWINGS & CONFIDENTIALITY

We will require proof of funds before sharing the location details and arranging a viewing. 

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 November 24, 2023 at 11:17 am
  • Price: Premium £450,000
  • Size: 2261 Sq. Ft
  • Covers: 80
  • Use: Restaurant
  • Type: RESTAURANTS
  • Status: AVAILABLE

Overview

  • RESTAURANTS
  • Type
  • 2261
  • Sq. Ft

Contact Information

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