Restaurant and cafe for sale in Islington London with potential for deli or tapas bar
Islington, London
- Status
FOR SALE
- Advert ID
652275
- Reference
RPS-22997 / Rightbiz
- Call Agent:
- Leasehold: £99,000 (Stock at valuation)
- Rent: £14,000 (£1,167 per month)
- Turnover: £182,000 (£3,500 per week)
- Profit: Not Applicable
Key Features
- Multiple seating options
- Customer seating area
- Diverse local amenities
Business Details
Restaurant & Cafe For Sale in Islington
Restaurant & Cafe For Sale in Islington
Property ID: RPS-22997
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN DETAILS
- Extraction in place but no gas
- Premises licence in place
- Ideal for cafe, deli & tapas bar
- Covers: Circa 16
- Located on a busy road in Islington
LANDLORD’S REQUIREMENTS
- Guarantor required (subject to references)
- 3-6 month’s rent deposit required (subject to references)
- Other usual checks will be carried out
LEASE DETAILS
- Lease: Ending June 2027 (Inside LTA 1954 Act)
- Current Rent: £14,000 per annum exclusive
- Rent review: Every 5 years
- Premium: £99,000 (Business, Lease & fixtures and fittings)
THE PREMISES
- Retail area: Circa 430 sq. ft
- Covers: Circa 16
- Extraction & premises licence in place
- Currently qualifies for small business rate relief (subject to change)
THE BUSINESS
- Gross Revenue: We have been informed that the business generates gross revenue of circa £182,000 per Annum (£3,500/week).
- Our client (chef) manages the business with 1 full time and 2 part time staff members.
THE LOCATION
- Busy road in Islington, North London
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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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.
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
