Fully Fitted Restaurant for Sale in Walthamstow with two extractions
Walthamstow, London
- Status
FOR SALE
- Advert ID
653074
- Reference
RPS-22829 / Rightbiz
- Call Agent:
- Leasehold: £259,000 (Stock at valuation)
- Rent: £57,000 (£4,750 per month)
- Turnover: £468,000 (£9,000 per week)
- Profit: Not Applicable
Key Features
- Close to town centre
Business Details
Fully Fitted Restaurant for Sale in Walthamstow with two extractions
Fully Fitted Restaurant for Sale in Walthamstow with two extractions
Property ID: RPS-22829
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN FEATURES
- Two extractions offering great potential to operate multiple kitchens
- Fully fitted restaurant for sale
- Circa 2,000 sq. ft with 100 covers restaurant
- Premium & neutral decor, ideal for any restaurant
- Corner unit with great visibility
- Gas, extraction & three phase electricity in place
LANDLORD’S REQUIREMENTS
- Guarantor may be 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 Sept 2039 (Inside LTA 1954 Act)
- Current Rent: £57,000 per annum
- Rent review: Every 4 years
- Next rent review: September 2027
- Premium: £259,000 (Business, Lease & fixtures and fittings)
THE PREMISES
- Circa 1862 sq. ft with 100 covers
- Two extractions in place
- Gas & three phase electricity
- Rateable Value: 29,750
- Currently paying discounted rate circa £8,000/annum (TBC)
THE BUSINESS
- Gross Revenue: We have been informed that the business generates gross revenue of circa £8,000 to £10,000/week
- Our client manages the restaurant with 6-7 staff members.
THE LOCATION
- High street location in East London
- Street parking available
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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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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