Newly fitted restaurant for sale in Rainham with 80 covers and 2045 sq. ft of space.
Rainham, London
- Status
FOR SALE
- Advert ID
658802
- Reference
RPS-23390 / Rightbiz
- Call Agent:
- Leasehold: £250,000 (Stock at valuation)
- Rent: £40,980 (£3,415 per month)
- Turnover: £520,000 (£10,000 per week)
- Profit: Not Applicable
Business Details
Newly fitted Restaurant for Sale in Rainham. Circa 2045 sq. ft
Newly fitted Restaurant for Sale in Rainham. Circa 2045 sq. ft
Property ID: RPS-23390
PROPERTY & BUSINESS SNAPSHOT
Type
Newly Fitted Modern Restaurant
Location
Rainham, RM13
Lease expiry
Ending in Sept 2038 (Inside the 1954 Act)
Rent
£40,980 VAT p.a. exclusive
Rent review
Every 5 years with next review due in 2028
Floor area
Circa 2045 sq. ft
Covers
Circa 80 covers
Rateable value
TBC
Business rates payable
TBC
Permitted use
Restaurant (Class E)
Annual Turnover
Circa £520,000 (circa £10,000/week)
Ancillary
Extraction & premises licence
Premium
£250,000 (Lease and FF&E)
LANDLORD’S REQUIREMENTS
- Guarantor required (subject to references)
- 6 month's rent deposit required (subject to references)
- Other usual checks will be carried out
MAIN DETAILS
- Newly fitted and modern restaurant in Rainham, RM13, offers approximately 80 covers across circa 2,045 sq. ft. of ground-floor space, together with a mezzanine.
- The premises benefits from fully fitted commercial kitchen and premises licence.
- We have been informed that kitchen is fully electric and no gas is connected at the moment.
- The business generates an annual turnover of circa £520,000, equivalent to approximately £10,000 per week.
- Our client manages the business with 2 full time staff and around 5 part time staff along with the owner.
THE LOCATION
- The surrounding area includes residential communities, local amenities and transport connections, providing potential to attract local residents, commuters, families and private-event customers.
- Its position close to the park may also support daytime café trade and social gatherings.
- Few minutes away from Hounslow Central station
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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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.
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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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