Fully Fitted Restaurant in North Harrow with Outdoor Seating and 15-Year Lease Available
North Harrow, London
- Status
FOR SALE
- Advert ID
656947
- Reference
RPS-23335 / Rightbiz
- Call Agent:
- Leasehold: £149,000 (Stock at valuation)
- Rent: £48,000 (£4,000 per month)
- Turnover: £234,000 (£4,500 per week)
- Profit: Not Applicable
Key Features
- Food and drink licensing
- Full-service dining experience
- Fully equipped for operation
- Fully fitted interiors included
Business Details
Fully Fitted Restaurant for Sale in North Harrow, Circa 1,500 sq. ft & Circa 70 covers
Fully Fitted Restaurant for Sale in North Harrow
Property ID: RPS-23335
PROPERTY & BUSINESS SNAPSHOT
Type
Fully fitted Restaurant
Location
Busy parade next to North Harrow station
Lease expiry
Grant of new 15 year lease (Outside the Act)
Rent
£48,000 p.a. exclusive
Rent review
Every 5 years
Floor area (approx)
Circa 1,500 sq. ft
Covers
Circa 70 covers
Rateable value
17,750
Business rates payable
Circa £6,000 p.a. (may qualify for discount)
Permitted use
Restaurant
Turnover
£4,500 per week
Ancillary
Cold room, three phase, outdoor seating & premises licence
Premium
£149,000 (New Lease and FF&E)
LEASE & LANDLORD'S REQUIREMENTS
- A new 15-year lease is available at a rent of £48,000 per annum exclusive, with rent reviews every 5 years.
- Lease will be granted outside the Act of 1954
The landlord requires:
- A guarantor, subject to references.
- Three to six-month rent deposit, subject to references.
- Satisfactory completion of the landlord’s usual referencing and due-diligence procedures.
MAIN HIGHLIGHTS
- Right by North Harrow station, on a busy high street full of passing customers
- Fully fitted restaurant and commercial kitchen to highest standard
- Approx. 70 customer covers with outdoor dining space
- New 15-year lease available, subject to landlord’s usual terms and references.
- Suitable for an experienced operator, franchisee, or food business looking for a ready-to-use premises in a strong Harrow location.
THE BUSINESS
- Our client is not selling the business — the premium is sought solely for granting a new lease, complete with fixtures and fittings
- We understand the business currently generates gross revenue of approximately £4,500 per week. This figure is for guidance only and should be independently verified by any prospective purchaser as part of their due diligence
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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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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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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