Leasehold Restaurant in Kingston, London - 4 Bed Flat Included, Long Lease, Low Rent, No Rates, £450k Turnover!
Kingston upon Thames, London
- Status
FOR SALE
- Date Submitted:
17/01/23
- Advert ID
506585
- Leasehold: £59,900
- Rent: £17,000
- Turnover: £500 (£10 Per week)
- Net Profit: £100 (20% Profit margin)
Key Features
- Prime Location
- Accounts Available
- Attractive Business
- With Car Park
- High Turnover
- Established Business
- Unique Business
- Retirement Sale
- New Lease
Business Details
Leasehold Resaurant for Sale + 4 bedroom Upstairs Long lease, Cheap Rent, No Rates
Newly Renovated leasehold premises, the restaurant is exceptionally well-presented with welcoming in-house and take-away customer service and seating for 24. The restaurant achieves its £450,000 of Turnover, whilst offering further potential to increase the takings, by lunchtime trade and the business has gained over the last four years an excellent reputation within the area and consistently good reviews.
The area has a combination of both tiled and wooden flooring with wooden tables and chairs and neutral déCor throughout along with toilets. The kitchen is well-equipped with good quality fryers, work benches and commercial stoves and much more. The property has all fixtures and fitting included- fridges, fully fitting kitchen ready to use. The first floor of the accommodation – this is a large living space with four bedrooms, storeroom and additional bathroom. Rent is 17,000 per annum, review every five years, close to zero business rates & a 10 Year New lease.
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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.
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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.
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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.
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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.
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