Restaurant for Sale in Worcester Park. 2 bed flat with separate access
Worcester, Worcestershire
- Status
FOR SALE
- Advert ID
652654
- Reference
RPS-23103 / Rightbiz
- Call Agent:
- Leasehold: £100,000 (Stock at valuation)
- Rent: £34,000 (£2,833 per month)
- Turnover: £208,000 (£4,000 per week)
- Profit: Not Applicable
Key Features
- Included fixtures and fittings
- Good goodwill value
- Goodwill and fixtures included
- Goodwill included in sale
Business Details
Restaurant for Sale in Worcester Park. 2 bed flat with separate access
Restaurant for Sale in Worcester Park. 2-bed flat with separate access
Property ID: RPS-23103
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN DETAILS
- 2-bed flat with separate rear access
- Nearby occupiers include Pizza Express, Nandos's & Cake box
- Circa 1600 sq. ft (ground floor & basement)
- Gas, extraction & premises licence in place
- Fully fitted kitchen in the basement with foodlift
- Street parking available
LANDLORD’S REQUIREMENTS
- Guarantor required (subject to references)
- 6 month’s rent deposit required (subject to references)
- Other usual checks will be carried out
LEASE DETAILS
- Lease: Ending May 2039 (Inside the Act of 1954)
- Current Rent: £34,000 per annum exclusive
- Rent review: Every 5 years
- Next Rent Review: May 2029
- Premium: £100,000 (Business, Lease & fixtures and fittings)
THE FLAT (UPPER PART)
- 2-bed flat with separate access
- 1 double bedroom, 1 single bedroom, 1 living room and open plan kitchen
- Currently occupied by the owner's family
THE PREMISES
- Circa 1600 sq. ft (ground floor & basement)
- Ground floor area: Circa 1200 sq. ft (guidance only)
- Covers: Circa 50-60
- Gas, extraction & premises licence in place
- New Rateable Value: 16,750
- Payable Rates: Circa £6,398.5/annum (please confirm with local council)
THE BUSINESS
- Gross Revenue: We have been informed that the business generates gross revenue of circa £208,000 per Annum (£4,000/week).
- Our client manages the restaurant with 1 full time & 4 part time staff.
THE LOCATION
- Worcester Park, KT4
- Street parking available
- Few minutes from Worcester Park Station
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 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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