Restaurant for Sale in Grantham Town Centre with 100 Covers and Fully Equipped Kitchen
Grantham, Lincolnshire
- Status
FOR SALE
- Advert ID
651130
- Reference
RPS-20512 / Rightbiz
- Call Agent:
- Leasehold: £150,000 (Stock at valuation)
- Rent: £20,000 (£1,667 per month)
- Turnover: Not Applicable
- Profit: Not Applicable
Key Features
- Lease and goodwill information
- Licenced restaurant setting
- Local amenities proximity
- Potential for menu expansion
Business Details
Restaurant for Sale in Grantham 100 Covers. Town Centre Location
Restaurant for Sale in Grantham - 100 Covers. Town Centre Location
Property ID: RPS-20512
MAIN DETAILS
- Excellent town centre location with strong footfall
- Fully fitted bar and restaurant with premium, modern décor
- Seating for approximately 100 covers, suitable for any cuisine or concept
- Fully equipped commercial kitchen, ready for immediate operation
- Gas, extraction system, and three-phase electricity already installed
- Premises licence in place
- Ideal for restaurateurs, operators, or investors looking for a turnkey opportunity
LANDLORD'S REQUIREMENTS
- Rent deposit subject to references
- Personal Guarantor subject to references
- Accountant’s references
- Trade references
LEASE DETAILS
- Lease: Ending in December 2030 (Inside the LTA 1954)
- Rent: £20,000 vat per annum
- Service charge : £12,000 vat per annum
- Rent review: Every 4 years
- Next rent review: December 2027
- Premium: 150,000 (Business, Lease & FF&E)
THE PREMISES
- Circa 3565 Sq. ft with 100 covers
- Rateable value: 17,250 (payable rates: circa £6,500/annum)
- Fully equipped commercial kitchen
- Fully fitted and modern décor
- 3 Phase Electricity
THE LOCATION
- Grantham NG31
- 0.5 miles from Grantham Station
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the "Confidentiality" requested by the client and must have proof of funds to meet the premium and landlord's requirements.
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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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.
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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.
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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.
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
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