Prime London Leasehold Restaurant & Cocktail Bar for £800/month - Newly Renovated
Undisclosed, London
- Status
UNDER OFFER
- Advert ID
287422
- Leasehold: £1,000,000
- Rent: £9,600
- Turnover: £1,000,000 (£19,231 Per week)
- Net Profit: £300,000 (30% Profit margin)
Key Features
- Unique Business
- Central Position in Affluent Village
- High Turnover
- Town Centre location
- Accounts Available
- Potential for Alternative Use
- Fully Fitted
- Attractive Business
- Offers Invited
- Close to Local Amenities
- Prime Location
- New Lease
- Adjacent to Multiple Retailers
- Established Business
Business Details
800 month Leasehold Restaurant & Cocktail bar in Prime Location
Newly renovated restaurant for sale
LOCATION:
The premises is ideally situated in a prominent central area. It is in North London, positioned in front of a local high street with an outside terrace area. The stations are within walking distance of the Capital, with the North Circular just a short drive away. There are several establishments nearby such as a Shopping Centre, Waitrose, Pandora, H&M, Starbucks just to name a few.
DESCRIPTION:
A newly renovated restaurant, on the ground floor with the benefit of an alcohol licence. It is situated in an affluent area and is a huge success within 4 years of trading. The premises boasts over 45 covers inside and extra 40 outside.
The restaurant currently trades six days a week (only lunch and dinner) with an average turnover of £19,000 p/w with a high-profit margin. The business can generate more with a 7-day trading a week (now open just 6 days a week) additional marketing, morning breakfasts, implementing the exhisting takeaway service (already selling on Deliveroo and Ubereats), and more.
A great opportunity for a new cuisine to continue trading with ease, or for an existing food establishment wanting to grow their brand. It already boasts excellent ratings online and is earning a great reputation after beeing open for 4 years.
Premium includes the lease, goodwill, fixtures, fittings, the cheap monthly rent, a great established reputation and most importantly the high-profit margin . The growth of the business is demonstrable.
TERMS:
The premises will be sold with a new F. R. I. lease, with a current passing rent of just £9600 per year with a premium of £ 1000,000.
VAT:
VAT does not apply to the rent.
LEGAL COSTS:
Each party bear their legal costs and equally contribute to landlords’ legal costs.
Discreet sale, viewing strictly by appointment only. (STAFF NOT AWARE)
Get in touch for more information.
Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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