Burger franchise for sale in Tooting, London with 46 covers and four years of trading history.
Tooting, London
- Status
FOR SALE
- Advert ID
656621
- Reference
RPS-23266 / Rightbiz
- Call Agent:
- Leasehold: £170,000 (Stock at valuation)
- Rent: £58,000 (£4,833 per month)
- Turnover: £468,000 (£9,000 per week)
- Profit: Not Applicable
Business Details
Burger Franchise Business for Sale, SW London
Burger Franchise Business for Sale, SW London
Property ID: RPS-23266
PROPERTY & BUSINESS SNAPSHOT
Type
Burger Franchise resale
Location
Busy street of SW London
Lease
Ending on Feb 2039
Rent
£58,000 p.a. exclusive
Rent review
Every 5 years with next due in August 2029
Floor area
Approx. 1076 sq. ft (two floors)
Covers
Approx 46
Rateable value
TBC
Business rates payable
Circa £15,600 p.a.
Permitted use
Burger Shop (Takeaway)
Revenue
Circa £468,000 p.a. (£9,000 p.w)
Ancillary
Fully fitted takeaway shop with late night licence
Premium
£170,000 (Franchise, lease,fixtures & fittings)
LANDLORD’S REQUIREMENTS
- Guarantor required (subject to references)
- 10 months or more rent deposit required (subject to references)
- Other usual checks will be carried out
MAIN DETAILS
- Fully fitted burger franchise business for sale
- Trading since 4 years
- Comes with 46 covers spread over two floors
THE BUSINESS & PREMISES
- Trading since 4 years
- Our client manages the business with 6 full-time staff members.
- We have been informed that the business generates gross revenue of £468,000 per annum
THE LOCATION
- Sought after location in SW London
- Nearby occupiers include national chains like KFC & McDonalds & Greggs
- 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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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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