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St. Johns Hill, Wandsworth Restaurant with 50 Seats, Outdoor Space & Licence for Sale

Wandsworth, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    03/04/24

  • Advert ID

    609140

  • Reference

    WANDSWORTH_RESTAURANT / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £85,000
  • Rent: £47,500
  • Turnover: £260,000 (£5,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • With Car Park
  • Prime Location
  • Close to Local Amenities
  • Price Reduced
  • Fully Fitted

Business Details

Restaurant for Sale in St. Johns Hill, Wandsworth with 50Covers, Outdoor Seating & Premises Licence

Restaurant for Sale in St. Johns Hill, Wandsworth. Circa 1,253 Sq. Ft.

MAIN FEATURES

  • Sought after Location in St. John’s Hill, Wandsworth
  • Circa 1,253 sq. ft
  • Circa 50 Covers Restaurant
  • Great Visibility
  • Fully Fitted Commercial Kitchen
  • Premises Licence in Place
  • Outdoor Seating Available
  • Street Car parking Available

LANDLORD’S REQUIREMENTS

  • Personal Guarantor Required (Subject to references)
  • 3-6 Months Rent Deposit Subject to References
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease: Ending June 2029 (Inside the Act of 1954)
  • Rent: £47,500 PAX Review Every 5 Years
  • Next Rent Review: June 2024
  • Premium: £85,000 (Business, Lease & FF&E) SAV

THE PREMISES

  • Circa 1,253 sq. ft
  • Circa 50 Covers Restaurant
  • Payable Business Rates: Circa £24,825/annum (Rateable Value: £49,750)
  • Currently paying £1,000 per month due to Retail Relief
  • Fully Equipped Commercial Kitchen
  • Gas & Extraction in Place
  • Premises Licence in Place
  • Permitted Hours (8am till 12am & 10am till 12am)

THE BUSINESS

  • We have been informed that the restaurant generates gross revenue of circa £260,000 per annum (£ 5,000/week).
  • Current Opening Hours: Mon- Fri(5pm-10pm),  Sat (12pm–11 pm) & Sun( 12pm–5 pm) .
  • Our Client manages the Restaurant with 3 Full-Time Staff and 1 Part Time Staff.
  • Trading over 8 Years

THE LOCATION

  • St. John’s Hill, Battersea SW11 
  • 0.3 mile to Clapham Junction Station
  • Several independent cafes & restaurants making it a vibrant eatery destination

REASON FOR SALE

  • Retirement Sale

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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Contact Agent

Contact the seller for more details, or book a viewing

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

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.

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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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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The data showed regarding this advert 'Restaurant for Sale in St. Johns Hill, Wandsworth with 50Covers, Outdoor Seating & Premises Licence - WANDSWORTH_RESTAURANT / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.