Restaurant for Sale in Kentish Town, Camden | Rear Garden
Kentish Town, London
- Status
FOR SALE
- Date Submitted:
13/04/22
- Advert ID
293801
- Reference
KENTISH_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £125,000
- Rent: £35,200
- Turnover: N/A £0 Per week
- Net Profit: N/A
Business Details
Restaurant for Sale in Kentish, NW5, Camden with Rear Garden.
Price: £125,000 | Rent: £35,200 PAX | Area: Circa 1087 Sq. ft | Lease: Until 2029
MAIN FEATURES
- Large front restaurant located on busy high road
- High footfall throughout the day
- Rear garden
LEASE DETAILS
- Lease: Ending July 2029 (we have been informed it is inside the Act)
- Passing Rent: 35,200 PAX
- Rent Review Term: Every 5 years
- Next Rent Review: July 2024
- Premium: 125,000 (Goodwill, Lease & FF&E) (Certain chattels not included in sale)
TRADING DETAILS
- Turnover: £2,000 to £3,000 per week (to be verified)
- Dine-In and Takeaway only
- Currently not signed up with delivery partners
Description: We have been informed that the pre-COVID gross sales were in the region of £10,000 to £20,000 per month including takeaway & delivery. However, recent sales has reduced due to COVID. They currently open only for dinner trade between 6pm till 11pm and closed on Monday. However, due to a busy high road we believe that there is a huge opportunity to generate extra revenue by opening from morning till night.
THE LOCATION
- Kentish Town, NW5
- Busy High Road
- Several Retail Shops & Eateries nearby
- Kentish Town Station: 0.4 mile
- Tufnell Park Station: 0.3 miles
Description: Situated between Kentish Town and Tufnell Park station, this restaurant is perfectly located in a busy Fortess Road. The immediate shops are home to some high street retailers like Costa, Sainsburys, Pizza Hut and several other popular independent retailers.
THE PREMISES
- Large Front Restaurant
- Total Area: Circa 1087 sq ft (Spread over two floors)
- Kitchen Area: Circa 206 sq ft
- Rear Garden: Circa 20 covers
- Restaurant & Cafe Use (New Use Class E)
- Commercial Gas & Extraction
- Premises License
- Permitted Hours: 12pm till 11pm
- Rateable Value: £23,700
Description: Fully fitted 60 cover restaurant spread over two floors, a cozy bar and a rear garden suitable for alfresco dining for up to 20 covers. The first floor dining offers a great view towards the street. Spacious kitchen, fully fitted with extraction, fridge, freezer and cooker and grill. The premises benefits from alcohol & recorded music licence.
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.
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.
Key Features
Contact Agent
Listing Statistics
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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.
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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.
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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.
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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.
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.
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.
