Modern, Fully Fitted Covent Garden Cafe with Premises Licence and Basement Bar for Sale
City of London, London
- Status
FOR SALE
- Advert ID
630055
- Reference
RPS-22367_COVENT_GARDEN_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £300,000 (Stock at valuation)
- Rent: £92,000 (£7,667 per month)
- Turnover: £624,000 (£12,000 per week)
- Net Profit: Not Applicable
Key Features
- Close to Local Amenities
- Prime Location
- Established Business
- Fully Fitted
- Adjacent to Multiple Retailers
- Potential for Alternative Use
- High Turnover
- Town Centre location
Business Details
Fully Fitted Modern Cafe for sale in Covent Garden with Premises Licence
Modern Cafe for sale in Covent Garden. Sought-after location.
Property ID: RPS-22367
MAIN DETAILS
- Located in the heart of Covent Garden
- Sought-after location with passing trade
- Fully fitted modern cafe with premises licence
- Total area circa 1,379 sq. ft (ground floor & basement)
- Basement accommodates a bar with 35 covers
- 3-phase supply in place but no gas
LANDLORD’S REQUIREMENTS
- Guarantor may be required (subject to references)
- 6 months or more rent deposit required (subject to references)
- Other usual checks will be carried out
LEASE DETAILS
- Lease: Ending Aug 2038 (Outside LTA 1954 Act)
- Current Rent: £92,000 plus VAT
- Rent Review: Every 4 years
- Next Rent Review: Aug 2027
- Premium: £300,000 (Business, lease and fixtures & fittings)
THE PREMISES
- Ground floor: Circa 512 sq. ft with 15 covers
- Basement: 866 sq. ft with bar & 35 covers
- Current opening hours: 8:30am to 9pm
- Benefits from 3-phase electric supply
- Premises licence in place
- 5 Star food hygiene rating
- Rateable Value: 89,000
- Payable Rates: Circa £44,411/annum
THE BUSINESS
- Gross Revenue: We have been informed that the business currently generates gross revenue of circa £624,000 per annum (£12,000/week).
- Our client manages the business with 4 full-time kitchen & 4-5 staff in front of house.
THE LOCATION
- Covent Garden, WC2E
- Few minutes from Covent Garden Station
- 0.4 mile to Tottenham Court Road
- Nearby multiple eatery & retailers
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.
Contact Agent
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.
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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.
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
Get Solicitor
