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Soho London Italian Restaurant with 36 Seats & Alcohol License, Newly Refitted for Sale

Westminster, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    26/09/23

  • Advert ID

    600236

  • Reference

    SOHO_RESTAURANT / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £175,000 (Stock at valuation)
  • Rent: £45,000
  • Turnover: £650,000 (£12,500 Per week)
  • Net Profit: Not Applicable

Key Features

  • Town Centre location
  • High Turnover
  • Prime Location
  • Established Business
  • Fully Fitted

Business Details

Popular Italian Restaurant for Sale in Soho, London 36 Covers, Newly Fitted, Alcohol License

Popular Restaurant for Sale in Soho, London

Rent: £45,000 PAX | Circa 789.74 Sq. ft (two floors) | Lease: Ending Jan 2026 (Inside LTA)

MAIN FEATURES

  • Sought-after location in Soho
  • Newly fitted out Restaurant
  • Spread over two floors
  • Ventless Extraction in place
  • No Gas, Electric only
  • Circa 789.74 Sq. Ft (Ground Floor & Basement)

LEASE DETAILS 

  • Lease Ending January 2026 (Inside the LTA 1954)
  • Current Rent: £45,000 PAX
  • Next Rent Review: January 2026
  • Premium: £175,000 (Lease and fixtures & fittings)

PREMISES

  • Total Area Circa 789.74 Sq. Ft
  • Ground floor: Circa 329 Sq. Ft
  • Basement: Circa 460 Sq. Ft
  • Circa 36 (Ground Floor 18 | Basement 18)
  • Benefits from Ventless Extraction
  • No Gas, Electric only
  • Alcohol Licensing Hours: 10am till 11:30pm, Fri:12am, Sun:10:30pm
  • Rateable Value: 31,000
  • Payable Business Rates: Circa £15,469/year

THE LOCATION

  • Berwick Street, Soho, W1F
  • Sought-after location
  • 0.4 mile from Piccadilly Circus
  • 0.6 mile from Oxford Circus
  • Immediate units occupied by independent retailers

TRADING

  • Currently trading as an Italian Restaurant
  • Potential to open as a Cafe
  • Gross Sales: Circa £650,000/annum | £12,500/week (as per the seller)
  • Opening Hours: 5pm till 11pm (Sunday & Monday Closed)
  • Potential to open longer hours and increase revenue

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are 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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Contact Agent

Contact the seller for more details, or book a viewing

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

Do not 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 amount 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.

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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.

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The data showed regarding this advert 'Popular Italian Restaurant for Sale in Soho, London 36 Covers, Newly Fitted, Alcohol License - SOHO_RESTAURANT / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.