Fully Fitted Restaurant for Sale in Wimbledon London with Outdoor Seating and Growth Potential
Wimbledon, London
- Status
FOR SALE
- Advert ID
654677
- Reference
RPS-23194 / Rightbiz
- Call Agent:
- Leasehold: £110,000 (Stock at valuation)
- Rent: £21,100 (£1,758 per month)
- Turnover: £234,000 (£4,500 per week)
- Profit: Not Applicable
Key Features
- Includes goodwill and fixtures
- Clean and well-maintained facilities
- Commercial fixtures and fittings
- Quality equipment and fixtures
Business Details
Fully Fitted Restaurant for Sale in Wimbledon
Fully Fitted Restaurant for Sale in Wimbledon
Property ID: RPS-23194
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN DETAILS
- Long lease ending in 2045 (Inside the Act)
- Located in prime Wimbledon Park location
- High footfall trading position on a busy road
- Fully fitted restaurant with gas, extraction & three phase
- Circa 1,000 sq. ft, spread over ground floor & basement
- Premises licence in place but currently not used
- Ideal for any type of restaurant or cafe
LANDLORD’S REQUIREMENTS
- Guarantor required (subject to references)
- 3 month’s rent deposit required (subject to references)
- Other usual checks will be carried out
LEASE DETAILS
- Lease: Ending Sept 2045 (Inside the Act of 1954)
- Current Rent: £21,100 per annum exclusive
- Rent Review: Every 5 years
- Next Rent Review: Sept 2030
- Premium: £110,000 (Business, Lease & fixtures and fittings)
THE PREMISES
- Circa 1,000 sq. ft with 46 covers (over two floors)
- Outdoor seating available for up to 8 guests
- Benefits from gas, extraction & three phase
- Rateable Value: 18,750
- Payable business rates: £5,290 per annum
- Had premises licence but currently not used
THE BUSINESS
- We have been informed that the business currently generates a gross revenue of £4,500 to £5,000 per week
GROWTH OPPORTUNITIES
- Alcohol licence - if utilised can significantly increase customer spend and boost profit margins.
- Delivery services – There is considerable room to tap into the booming delivery market in SW London
- Extended opening hours – The business is currently operating 6 days evenings only. Additional revenue can be generated with minimal overhead by expanding service times.
THE LOCATION
Wimbledon Park, London SW19
Situated in the heart of Wimbledon Park, the restaurant benefits from a highly desirable and affluent catchment area. Wimbledon Park itself is a hotspot for both residents and visitors, and the location is only a stone’s throw from the world-famous Wimbledon tennis tournament,
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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