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West Kensington Fully Fitted Restaurant with Modern Decor, Premises Licence & 80 Covers for Sale

Kensington And Chelsea, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Advert ID

    623807

  • Reference

    RPS-19686_WEST_KENSINGTON_RESTAURANT / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £139,000 (Stock at valuation)
  • Rent: £45,000
  • Turnover: £416,000 (£8,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • Adjacent to Multiple Retailers
  • Potential for Alternative Use
  • Close to Local Amenities
  • Established Business
  • Town Centre location
  • Prime Location
  • Fully Fitted

Business Details

Modern Decor & Fully Fitted Restaurant for Sale in West Kensington with Premises Licence & 80Covers

Restaurant for Sale in West Kensington, London

Property ID: RPS-19686

PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.

MAIN FEATURES

  • Modern Decor & Fully Fitted
  • High Passing Trade
  • Open-plan Kitchen
  • Ground Floor & Basement
  • Circa 1,885 Sq. Ft

LEASE DETAILS 

  • Lease Ending Feb 2037 (Inside LTA 1954)
  • Current Rent: £45,000 plus VAT
  • Rent Review Term: 5 years
  • Next Rent Review: Was due in Feb 2022
  • Premium: £139,000 (Goodwill, lease and fixtures & fittings)

LANDLORD’S REQUIREMENT

  • 3-6 Month’s Rent Deposit Required (subject to references)
  • Personal Guarantor (subject to references)
  • Bank, Trade & Accountant’s Reference required
  • Evidence of financial credibility

PREMISES

  • Total Area Circa 1,885 Sq. Ft
  • Ground Floor: Circa 852 Sq. Ft
  • Basement: Circa 1,033 Sq. Ft
  • Total covers circa 80 (Ground Floor, Basement & Rear)
  • Benefits from 3-phase Electricity
  • Benefits from Premises Licence
  • Permitted Hours: 10 am till 11 pm
  • All appliances and facilities are in top working condition
  • EPC Rating C
  • Payable Business Rates: Circa £10,104/annum (Rateable Value: £20,250)

THE LOCATION

  • West Kensington, London
  • Very close to West Kensington Underground
  • Immediate units occupied by national and independent retailers

TRADING

  • Gross Sales: Circa £416,000/annum | £8,000/week (as per the seller)
  • Staff: TBC

POTENTIAL BUSINESS

  • Introducing a café or breakfast service in the mornings could increase the revenue stream.

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are 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 is issued without responsibility on the part of the firm therefore is 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

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.

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 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 'Modern Decor & Fully Fitted Restaurant for Sale in West Kensington with Premises Licence & 80Covers - RPS-19686_WEST_KENSINGTON_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.