Leasehold 50-Seater Restaurant with 3-Bed Flat for Sale in Gants Hill Ilford
Ilford, London
- Status
FOR SALE
- Advert ID
634147
- Reference
AMGTA / Rightbiz
- Call Agent:
- Leasehold: £279,999
- Rent: £35,000 (£2,917 per month)
- Turnover: £676,000 (£13,000 per week)
- Profit: £100,000 (15% Profit margin)
Key Features
- Large Business for Sale
- High Turnover
- Fully Fitted
- Prime Location
Business Details
Gants Hill Ilford Prime Location 50 Seater Restaurant for Sale Leasehold
Restaurant for Sale In Gants Hill Ilford with 3 Bed Split Level Flat: Confidential Sale
MAIN FEATURES
- Sought-after location in Gants Hill
- Running Business
- 3 Bedroom Split level Flat above is included in the Lease
- Fully Fitted and Equipped Kitchen
- 50 Seating Capacity
- Circa 1076sq ft)
LEASE DETAILS
- Lease Ending January 2043 (Inside the LTA 1954) Renewable Lease
- Current Rent: £35,000 PAX
- Next Rent Review: January 2029
- Premium: £279,999 (Business, Lease and fixtures & fittings) We can Arrange Finance if Required
PREMISES
- Ground floor: Circa 1076 Sq. Ft
- Circa 50 Seats Ground Floor
- Scope to enlarge by moving open plan kitchen to the rear and increase to 90 seats
- High Footfall
THE LOCATION
- Cranbrook Road, Gants Hill, Ilford close to Chai Wala, Amigos, Pepe's and Smoke & Pepper
- Sought-after location
- Gants Hill Central Line Underground Station is 2 mins walk
- High visibility area
TRADING
- Currently trading as a Restaurant
- Potential to increase Sales by moving the open Kitchen to the rear and increasing Covers.
- Gross revenue: (June 2024-25) £676,000 | £13,000 per week (as per the seller)
- Opening Hours: 4pm to 11pm, Fri-Sat: 9am to 11pm & Sun: 4pm to 10:30pm
- Viewing by appointment only
POTENTIAL
- The Flat generates 25k per year which means the shop rent is 10k per annum, the store could be enlarged to gain more covers, alternatively the business could be operated by a owner occupier who can reside in the split level flat above.
- A fantastic proposition to run a restaurant business, in a location that is surrounded by a number of well established Franchised outlets like Chai Wala, Pepes Piri Piri, Mother Hubbards, Amigos Burgers and Shakes and Smoke and Pepper.
Please contact Mr Ahmed on 07803749200.Viewing by appointment only.
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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.
Be safe, use a Rightbiz Solicitor
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