South Clapham Restaurant Bar with Alcohol License and High Growth Potential for Sale
Clapham, London
- Status
FOR SALE
- Date Submitted:
11/12/23
- Advert ID
603751
- Leasehold: £140,000
- Rent: £30,000
- Turnover: £200,000 (£3,846 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Retirement Sale
- Fully Fitted
Business Details
South Clapham, Restaurant Bar, Alcohol License, great potential for growth
This property is up for discussion. It is located in a prominent position on Balham Hill, surrounded by residential and high traffic with relatively small competitors in the immediate area.
It is a short walk from Clapham South tube station and 5 minutes from Clapham Common with excellent transport links.
The property comprises a well presented Class A3 Use Unit arranged over ground floor & basement.
The ground floor is a large open plan sales area with its own fully equipped bar and a large fully equipped kitchen.
The basement provides good ancillary storage space as well as 2 separate single WC/Washrooms in excellent decorative order.
The protected lease will expire in Feb 2032. Tenants only break option on 5th Anniversary .
The lease is held under a Special Purchase Vehicle company so change of ownership is straight forward without incurring costs to lease assignment.
The existing business is also available for discussion or simply purchase the lease. Please see our other adverts selling the business on both sites in South Clapham and Tooting Broadway.
This is a sad but genuine sale. Selling due to ill health and retirement.
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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.
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