Fourteen Restaurant and Bar in Tooting Bec London for Sale - 798 sq/ft with Option to Expand
Tooting Bec, London
- Status
FOR SALE
- Date Submitted:
12/09/23
- Advert ID
599297
- Reference
RESTAURANT&BAR / Rightbiz
- Call Agent:
- Leasehold: £110,000 (Stock at valuation)
- Rent: £27,500
- Turnover: £520,000 (£10,000 Per week)
- Net Profit: On request
Key Features
- Open Plan Trading Area
- Attractive Business
- Fully Fitted
- Retirement Sale
- Close to Local Amenities
- Town Centre location
- Company for Sale
- Prime Location
- Small Business
Business Details
Class E premises client trading as ‘Fourteen’ a neighbourhood restaurant and bar, to be sold by way of premium.
Residenza are proud to offer Class E premises client trading as ‘Fourteen’ a neighbourhood restaurant and bar, to be sold by way of premium. Option to take over a further 832sq.ft.
Postcode: SW17 7RE
Rent: £22,500 P/A
Premium: £110,000 Including all fixtures and fittings
Size: 798sq/ft
Rates: Tbc with Local Authority
Lease: 15 Years from 2022
Rent Review: Every 5 years (Next Review 2027)
Insurance: Tbc
Legal costs: Incoming tenant liable for own and freeholder costs
Turnover: We are informed by the owner £12,000 - £15,000 per week.
Premises Comprises:
Single Fronted Premises
Front Bar
Open Plan Kitchen
Customer Cloak Room with WC
Staff Room
Private Dining Area
Courtyard
Option to take on a further 832sq.ft (Totalling 1630sq.ft) at £5,000,00 pa. 5 year lease from 2022. Landlord can serve notice 6 months
For further information, call Residenza.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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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
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
