Italian Restaurant for Sale in Hampton with 70 Covers and Fully Fitted Kitchen
Hampton, London
- Status
FOR SALE
- Advert ID
653464
- Reference
RPS-23256 / Rightbiz
- Call Agent:
- Leasehold: £520,000 (Stock at valuation)
- Rent: £66,000 (£5,500 per month)
- Turnover: £571,626 (£10,993 per week)
- Profit: Not Applicable
Key Features
- Established business model
- Established business with growth potential
- Established in prime location
- Established pizza kitchen layout
Business Details
Established Italian Restaurant for Sale in Hampton, Approx. 1297 sq. ft, Circa 70 covers
Established Italian Restaurant for Sale in Hampton
Property ID: RPS-23256
PROPERTY & BUSINESS SNAPSHOT
Type
Well established family run Italian restaurant
Location
Sought after and affluent location in Hampton
Lease
Grant of new FRI Lease
Rent
£66,000 p.a. exclusive
Rent review
To be agreed
Floor area
Approx. 1297 sq. ft
Covers
Circa 70 covers
Rateable value
18,750
Business rates payable
Circa £7,160 p.a.
Permitted use
Restaurant (Class E)
Revenue
2025: TBC & 2024: £571,626 (net of VAT)
Ancillary
Premises licence & fully fitted commercial kitchen in place
Premium
£520,000 (New lease, goodwill and FF&E)
LANDLORD’S REQUIREMENTS
- Guarantor required (subject to references)
- Rent deposit required (subject to references)
- Other usual checks will be carried out
LEASE DETAILS
- Lease: Grant of new FRI Lease
- Current rent: £66,000 per annum exclusive
- VAT may apply where applicable
THE BUSINESS & PREMISES
- Well established family run Italian restaurant in an affluent, attractive and touristic area in Hampton.
- Our client (chef-owner) manages the business with two family members and 14 other staff members.
- The premises is spread over approximately 1,297 sq. ft., with a seating capacity for up to 70 guests and benefits from a well-maintained and fully fitted commercial kitchen.
THE LOCATION
- The business is located in a an affluent and touristic area in Hampton.
- Due to confidentiality, the actual location can only be disclosed once the potential buyers signs our NDA.
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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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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