Restaurant for sale near Broadway Market Hackney with ground floor basement and outdoor seating
Hackney, London
- Status
FOR SALE
- Advert ID
657730
- Reference
RPS-23350 / Rightbiz
- Call Agent:
- Leasehold: £225,000 (Stock at valuation)
- Rent: £65,000 (£5,417 per month)
- Turnover: £468,000 (£9,000 per week)
- Profit: Not Applicable
Key Features
- Availability of equipment
- Business lease availability
- Flexible business model
- Leasehold premises
Business Details
Restaurant For Sale near Broadway Market, Hackney. Ground floor: 50, basement: 20 & outdoor: 10
Restaurant For Sale near Broadway Market, Hackney
Property ID: RPS-23350
PROPERTY & BUSINESS SNAPSHOT
Type
Fully fitted restaurant with outdoor seating
Location
Close to vibrant Broadway Market, E8
Lease expiry
Ending in September 2039 (Inside the 1954 Act)
Rent
£65,000 p.a. exclusive
Rent review
Every 4 years with next due in March 2027
Floor area
TBC
Covers
Ground floor: 50, basement: 20 & outdoor: 10
Rateable value
22,750
Business rates payable
Circa £6,000 (discount applied)
Permitted use
Restaurant (Class E)
Annual Turnover
Circa £468,000 (circa £9,000/week)
Ancillary
Extraction, cold room, three phase & premises licence
Premium
£225,000 (Lease and FF&E)
LANDLORD’S REQUIREMENTS
- Guarantor required (subject to references)
- 3-6 month's rent deposit required (subject to references)
- Other usual checks will be carried out
MAIN DETAILS
- Situated close to the vibrant Broadway Market area, this fully fitted restaurant provides approximately 50 covers on the ground floor, with a cosy bar and outdoor seating.
- The basement offers a private dining area for up to 20 guests, together with a fully fitted commercial kitchen, cold room and customer WC.
- Finished in a neutral, versatile style, the premises are suitable for a variety of cuisines. The sale comprises the lease, fixtures and fittings, with a premium sought reflecting the significant investment made in the refurbishment.
- Currently the restaurant operates primarily during evening service only, with limited additional trading hours at weekends, the restaurant offers clear potential to increase turnover by extending its opening hours to include a lunch service
THE LOCATION
- Located adjacent to East London’s most vibrant and sought-after destinations Broadway Market
- Broadway Market is renowned for its mix of independent restaurants, cafés, bars, boutiques and market traders
- Prominently positioned in the heart of London Fields and surrounded by an established mix of independent restaurants, cafés, bars and retailers
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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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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