High-End Italian Restaurant with 3am License in Croydon London Available for Lease
Croydon, London
- Status
FOR SALE
- Advert ID
629074
- Reference
C1207 / Rightbiz
- Call Agent:
- Leasehold: £225,000
- Rent: £60,000 (£5,000 per month)
- Turnover: £806,000 (£15,500 per week)
- Net Profit: On request
Key Features
- Accounts Available
- Close to Local Amenities
- Prime Location
- High Turnover
- Large Business for Sale
- Fully Fitted
- Town Centre location
- Established Business
- New Lease
- Potential for Alternative Use
Business Details
LEASEHOLD HIGH END LIC. ITALIAN RESTAURANT
180 COVERS - 3AM LIC - TAKING £15,000 - £16,000 PWK - STAFF RUN - NEW LEASE
Location
Situated in a prominent position on the High Street, between Whitgift Street and Laud Street, opposite Edridge Road under the flyover (A232) in Croydon town centre. Neighbouring occupiers include; Domino’s Pizza, F45 Gym, Greggs, Sainsbury’s Local, Chicken Valley, Tops Pizza, Coughlans Bakery, Mail Boxes Etc and Cake Box, together with a good vibrant mix of other independent and local traders. East and South Croydon mainline railway, tram and bus stations are both within walking distance, providing services to central London, Clapham, Brighton, Gatwick, Bedford, Wimbledon, Beckenham and East Grinstead. There are also buses serving the area located on the High Street.
Business
Large high end Italian restaurant fully fitted out to a high standard and staff run. We understand that the premises currently has ‘E’ and Sui Generis Use Classes, is staff run with further potential for an owner operator to develop.
Turnover
We are informed that the business takes £15,000 - £16,000 pwk @ 60% GP.
Hours
12.00pm - 11.00pm Mon to Sat
12.00pm - 10.30pm Sun
Premises
Spacious premises of 325.61 sq/m (3,505 sq/ft) Fully fitted to trade with 180 covers plus further outside seating areas to the front of the restaurant. The restaurant includes a separate lounge cocktail bar and 3 private function/dining rooms. Parking space to rear.
Tenure
New 20 year lease to be granted to the incoming tenant. Rent £60,000 PA (4 year reviews)
EPC Rating
TBA
Business Rates
We understand the rates are around £10,000 PA (Payable)
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.'.
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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.
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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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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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