Profitable Hampton Court Restaurant for Sale, Surrey, with £200,000+ Net Profit & New 15-Year Lease
East Molesey, Surrey
- Status
FOR SALE
- Date Submitted:
03/07/23
- Advert ID
515990
- Reference
HAMPTON_COURT_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £570,000
- Rent: £45,000
- Turnover: £832,000 (£16,000 Per week)
- Net Profit: £100,000 (13% Profit margin)
Key Features
- Attractive Business
- Prime Location
Business Details
Restaurant for Sale in Hampton Court
Established Restaurant for Sale in Hampton Court
Well established and profitable restaurant for sale in proximity of Hampton Court Palace. This restaurant for sale is situated in a prime location near Hampton Court, a historic landmark and popular tourist destination in the London Borough of Richmond upon Thames and part of Surrey. The restaurant benefits from its proximity to Hampton Court Palace, beautiful gardens, and the bustling local community.
This is a rare opportunity to acquire a highly successful and profitable restaurant that has consistently generated a net profit exceeding £200,000 over the years. With a stellar reputation and a strong customer base, this restaurant has become a go-to dining destination for locals, tourists, and special occasions alike
MAIN FEATURES
- Well Established & Profitable Restaurant
- Net profit of over £100,000
- Retirement Sale
- Walking distance from Hampton Court Palace
- Excellent Condition & Sought after location
LANDLORD’S REQUIREMENTS
- Rent deposit subject to references
- Personal Guarantor subject references
- Proof of funds
- Accountant’s references
- Trade references
LEASE DETAILS
- Lease: Grant of new 15 years FRI Lease
- Rent: £45,000 PAX to be reviewed every 5 years
- Premium: £570,000 (Business, Lease & FF&E)
THE PREMISES
- Total Area Circa 1,297 sq. ft
- Covers: 72
- Maybe eligible for Small Business Rate Relief
- Opening Hours: 12mp till 11pm
- Premises Licence in place
THE LOCATION
- Hampton Court, East Molesey, Surrey
Nestled on the banks of the River Thames, providing residents and visitors with picturesque river views and opportunities for leisurely walks along the Thames Path, Hampton Court, Richmond is a historic and picturesque area located in the London Borough of Richmond upon Thames. It is most famous for Hampton Court Palace, a magnificent royal palace that dates back to the 16th century.
TRADING & FINANCIALS
- Gross Sales Revenue: Circa £16,000/week (£832,000/year) (TBC)
- Net Profit: Circa £100,000
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.
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Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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