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Turnkey Bar & Restaurant with Outdoor Seating in Royal Arsenal, Woolwich

Woolwich, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Advert ID

    627085

  • Reference

    RPS-22162_WOOLWICH_RESTAURANT / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £130,000 (Stock at valuation)
  • Rent: £68,850 (£5,738 per month)
  • Turnover: £416,000 (£8,000 per week)
  • Net Profit: Not Applicable

Key Features

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

Business Details

Fully fitted Bar & Restaurant for sale in Royal Arsenal, Woolwich with Outdoor Seating

Bar & Restaurant for sale in Royal Arsenal, Woolwich

Property ID: RPS-22162

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

MAIN FEATURES

  • Fully operational business with all systems, staff and suppliers in place
  • Ltd company for sale (optional)
  • Fully fitted authentic bar & restaurant
  • High standard & premium fit out
  • Circa 2,300 sq. ft with 65 indoor covers
  • Outdoor seating available
  • Fully fitted commercial kitchen
  • No Gas, electric only
  • Benefits from cold room, extraction & three phase

LANDLORD’S REQUIREMENTS

  • Guarantor if Lease assignment may be required (subject to references)
  • Rent deposit required
  • Other usual checks will be carried out

LEASE DETAILS

  • Lease: Expiring July 2038 (Outside LTA 1954 Act)
  • Rent: £68,850/annum VAT plus 6% turnover rent for sales over threshold
  • Service Charge: £6,500 plus VAT
  • Rent Review: July 2028 and every 5 years thereafter with 4% cap
  • Premium: £130,000 (Lease and FF&E)

THE PREMISES

  • Circa 2,067 sq. ft with 60 covers & 25 outdoor seating
  • Circa 230 sq. ft storage directly adjacent to the kitchen
  • Fully fitted commercial kitchen
  • 3 phase power supply
  • Benefits from cold room & storage
  • Premises licence
  • Permitted hours: 8am to 11pm
  • Rateable value: 23,250
  • Payable business rates: £9,906 (before RHL relief)

THE LOCATION

  • Stone throw away from Woolwich Elizabeth Line Station
  • Part of a mature riverside development and within a fast growing regeneration area
  • Multiple retail shops & eateries nearby

THE BUSINESS

  • Gross Revenue: We have been informed that the business generated gross revenue of circa £416,000 per annum (£6,500 to 10,500/week), with
    considerable potential for improvement.
  • Currently our client manages business with 6 full-time & 4 part-time staff members.

REASON FOR SALE

  • Relocation of the owner

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

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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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.

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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.

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 'Fully fitted Bar & Restaurant for sale in Royal Arsenal, Woolwich with Outdoor Seating - RPS-22162_WOOLWICH_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.