Restaurant for sale in Holloway, London with 1124 sq. ft. and seating for 50 guests.
Holloway, London
- Status
FOR SALE
- Advert ID
658033
- Reference
RPS-23364 / Rightbiz
- Call Agent:
- Leasehold: £80,000 (Stock at valuation)
- Rent: £30,000 (£2,500 per month)
- Turnover: £234,000 (£4,500 per week)
- Profit: Not Applicable
Key Features
- Full operational setup included
- Fully fitted restaurant interiors
- Fully operational business for sale
- Good location with transport links
Business Details
Restaurant For Sale in Holloway, Islington. Circa 1124 sq. ft. Circa 50 covers
Restaurant For Sale in Holloway, Islington
Property ID: RPS-23364
PROPERTY & BUSINESS SNAPSHOT
Type
Fully fitted restaurant
Location
Prominent Holloway Road location
Lease expiry
Ending in February 2037 (Outside the 1954 Act)
Rent
£30,000 p.a. exclusive
Rent review
Every 5 years
Floor area
Circa 1124 sq. ft
Covers
Circa 50
Rateable value
22,000
Business rates payable
Circa £8,404
Permitted use
Restaurant (Class E)
Annual Turnover
Circa £234,000 (circa £4,500/week)
Ancillary
Gas, extraction & premises licence
Premium
£80,000 (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
- Fully fitted restaurant in Holloway Road with 1124 sq.ft, 50 covers, extraction and premises licence.
- The premises offer an opportunity for an incoming operator seeking an existing restaurant location in North London.
- Fully equipped commercial kitchen, extraction, seating arrangements and other fixtures and fittings.
THE LOCATION
- Close to Highbury & Islington station
- Situated on Holloway Road in Islington, the restaurant benefits from proximity to Highbury & Islington station and surrounding residential neighbourhoods
- The area features a mixture of independent restaurants, cafés, shops and other local businesses, providing opportunities to attract residents, commuters and visitors.
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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