Family-Run French Restaurant & Wine Bar in Brixton, New Lease, 40 Covers for Sale
Brixton, London
- Status
FOR SALE
- Date Submitted:
06/03/24
- Advert ID
607838
- Reference
BRIXTON_FRENCH_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £195,000 (Stock at valuation)
- Rent: £35,000
- Turnover: £638,326 (£12,276 Per week)
- Net Profit: On request
Key Features
- New Lease
- Fully Fitted
- Potential for Alternative Use
- Attractive Business
- Established Business
Business Details
40Covers French Restaurant & Wine Bar for Sale in Brixton with New Lease
Award-Winning French Restaurant & Wine Bar for Sale in Brixton
MAIN FEATURES
- Award Winning Family-run French Restaurant
- Critically Acclaimed Restaurant
- Grant of New Lease
- Eligible for rate relief
- Circa 1063 Sq. Ft
- Circa 40 Covers (Ground Floor: 30 | Basement: 10)
- Fully Equipped Commercial Kitchen
- Net Profit: 2021: £102,751 and 2022: £82,683
LANDLORD’S REQUIREMENTS
- Rent Deposit: 3-6 months’ subject to references.
- Personal Guarantor subject to references
- Proof of funds
- Accountant’s references
- Trade references
LEASE DETAILS
- Grant of New Lease (10 years)
- Lease: Inside the Act of 1954
- New Rent: £35,000 per annum
- Rent Review: Every 3 years
- Next Rent Review: TBC
- Premium: £195,000 (Goodwill, FF&E, Lease) SAV
THE PREMISES
- Circa 1063 Sq. Ft
- Premises Licence in Place
- Circa 40 Covers Restaurant
- Fully Equipped Commercial Kitchen
- Eligible for rate relief
- Gas & Extraction in Place
- Premises Licence
- Permitted Hours: Sun -Thu (12pm till 11pm) & Fri – Sat (12pm till 2am)
THE LOCATION
- Brixton, SW2
- 0.5 miles to Brixton Market
- 0.6 miles to Herne Hill Station
TRADING & FINANCIALS
- Trading since 9 years
- Year 2023: Revenue: £638,326.51 (Net profit: TBC)
- Year 2022: Revenue: £723,316 & Net Profit of £82,683
- Year 2021: Revenue: £579,005 & Net Profit of £102,751
- Currently our clients, two partners (manager & head chef), manage the business with other supporting staff members.
- In our opinion, this business is extremely suitable for an aspiring chef or family with an extensive knowledge of French wine & cuisine.
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.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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Do not 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 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.
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
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
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