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Fully Fitted Restaurant for Sale in Southgate, North London

Southgate, London
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Fully Fitted Restaurant for Sale in Southgate, North London
  • Status

    FOR SALE

  • Date Submitted:

    29/03/22

  • Advert ID

    292944

  • Reference

    SOUTHGATE_RESTAURANT / Rightbiz

  • Call Agent:

    Registered Buyers only »

  • Leasehold: £115,000
  • Rent: £28,000
  • Turnover: £364,000 £7,000 Per week
  • Net Profit: N/A

Business Details

Mediterranean Restaurant for Sale in Southgate, North London

Rent: £28,000/year, Business Rate: £7,500/year, Lease: 17 Years remaining

MAIN FEATURES

  • Ending in March 2038
  • Fully Fitted Modern Mediterranean Restaurant
  • Busy Location
  • Near to Southgate Station

THE PREMISES

  • Large Front Unit
  • Restaurant & Cafe Use (New Use Class E)
  • Alcohol Licence
  • Total Area: Circa 1024 sq. ft
  • Total Covers: Circa 55-60
  • Permitted Hours: 11am till 2am

LEASE DETAILS

  • Lease: Ending in March 2038 (inside the Act)
  • Rent: 28,000/year
  • Rent Review Term: 5 years
  • Next Rent Review: March 2023
  • Premium: £115,000 plus SAV (Lease & FF&E)

THE LOCATION

  • Southgate, North London
  • Close to Southgate Station (Piccadilly Line)
  • Footfall throughout the day
  • Several Eateries & Retail Shops nearby

TRADING DETAILS

  • Popular Mediterranean Restaurant
  • Current Sales: Circa £7,000/week (including delivery)

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 are 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.

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Key Features

Contact Agent

Contact the seller for more details, or book a viewing

Stay Safe

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

Do not 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 amount 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.'.

Stay Safe

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.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Contact seller

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Disclaimer

The data showed regarding this advert 'Fully Fitted Restaurant for Sale in Southgate, North London - SOUTHGATE_RESTAURANT / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.