Established Restaurant for Sale in St. John’s Wood

An excellent opportunity to purchase a lease with fully fitted restaurant in the desirable St. John’s Wood neighbourhood of London. An established restaurant with a loyal customer base and excellent reputation in the local community. The restaurant features a well-equipped kitchen, comfortable seating, and a warm and inviting ambiance that is perfect for a wide range of dining occasions.

Located in the heart of St. John’s Wood, this property is ideally situated to attract both local residents and visitors to the area. The restaurant is surrounded by other high-end businesses and residential properties, making it an attractive destination for diners seeking a high-quality dining experience.

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MAIN FEATURES

• Affluent residential area
• Well maintained and modern decor
• Fully Fitted 52 cover restaurant with 8 outdoor seating
• Benefits from Premises Licence
• Suitable for any kind of restaurant or cafe
• Lease on Ltd Company & Option to Purchase Ltd at a lower price

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LANDLORD’S REQUIREMENTS

• Six month’s rent deposit subject to references
• Proof of funds
• Accountant’s references
• Trade references

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LEASE DETAILS

• Lease: Grant of 15 years new FRI lease
• New Rent: £35,000 PAX
• Rent Review: Every 3 years
• Lease on Ltd Company & Option to Purchase Ltd at a lower price
• Premium: £75,000 (Business, Lease & FF&E)

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LEGAL COST

Each party to bear their own legal fees and landlord’s legal costs to be shared equally between the buyer and seller.

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THE LOCATION

Situated in Boundary Road, NW8, this restaurant is located in one the London’s affluent residential neighbourhood, St. John’s Wood. It is known for its beautiful tree-lined streets, elegant homes, and tranquil atmosphere, making it a popular area for affluent families, professionals, and celebrities.

One of the defining features of St. John’s Wood is its proximity to Regent’s Park, one of London’s largest and most picturesque Royal Parks. The park offers expansive green spaces, beautiful gardens, and recreational facilities, making it a popular destination for outdoor activities and leisurely strolls.

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TRADING & FINANCIALS

• Gross Sales Revenue without delivery: Circa £14,000 per week (£720,000/year) (As per the seller)
• Delivery Sales Circa £800 to £1,800/week. There is a huge opportunity to increase sales by adding delivery
• We have been informed that the restaurant currently operates with 8 full time staff and 2 owners

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THE PREMISES

• Total Area Circa 1134 sq. ft (Ground Floor & Basement)
• Ground Floor: Circa 635 Sq. ft with 52 covers
• Basement: Circa 495 sq. ft (Kitchen, Storage & WC)
• Rateable Value: £30,500
• Payable Business Rates: £3,804.87 (Eligible for discount for this year (2023)
• Alcohol Licence
• Fully equipped commercial kitchen

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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.

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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.