Renovated Leasehold Restaurant for Sale in Kingston, London - Seating for 24
Kingston upon Thames, London
- Status
FOR SALE
- Date Submitted:
19/01/23
- Advert ID
506699
- Leasehold: £80,000
- Rent: £17,000
- Turnover: On request
- Net Profit: £50
Key Features
- Fully Fitted
- Prime Location
- Retirement Sale
- With Car Park
- Offers Invited
- Established Business
- Attractive Business
- New Lease
- Price Reduced
- High Turnover
Business Details
Newly renovated leasehold restaurant for sale in Kingston.
A well-presented restaurant with a welcoming in-house and takeaway business is for sale in Kingston upon Thames in London.
Over the last four years, the restaurant has gained an excellent reputation within the area and consistently good reviews. With seating for 24 people, the restaurant achieves £450,000 turnover whilst offering further potential to increase the takings and the lunchtime trade.
The kitchen is well-equipped with good-quality fryers, work benches, commercial stoves, and much more. The property has all fixtures and fittings, including fridges and a full-fitting kitchen, ready to use from the next day.
On the first floor of the accommodation, there is an ample living space with four bedrooms, a storeroom and an additional bathroom. The rent is £17,000 annually, with a review every five years. We comprise a new lease for ten years.
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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.
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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.
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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.'.
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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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