Fully Licensed Italian Restaurant & Cocktail Bar in Prime West London Location for Sale
Chiswick, London
- Status
FOR SALE
- Date Submitted:
28/10/23
- Advert ID
601809
- Leasehold: £250,000
- Rent: £60,000
- Turnover: £660,000 (£12,692 Per week)
- Net Profit: On request
Key Features
- Adjacent to Multiple Retailers
- Small Business
- Unique Business
- Attractive Business
- Potential for Alternative Use
- Split Level Trading Area
- Prime Location
- Fully Fitted
Business Details
ITALIAN RESTAURANT & COCKTAIL BAR FULLY LICENSED IN A PRIME LOCATION WEST LONDON
Prime location in the heart of Chiswick, 1 min walk from the nearest tube station (Turnham green, District Line).
High footfall area, Alcohol license, 55 covers. At present trading as Italian Restaurant, Cocktails Bar and Catering.
The Restaurant has built a fantastic reputation and great reviews, loyal customer base that returns often.
PREMIUM: £250,000 (All fixtures & fittings included)
LICENCE IN PLACE
- Alcohol license in place. restaurant for sale in the heart of Chiswick, West London.
- Extraction units and canopies are all in place with staff area along with w.c. ,
- Italian restaurant for sale in the heart of Chiswick, West London.
MAIN FEATURES
- 3 phase electricity & Extraction in place
- Gas and electricity
- Alcohol license
- Spread over ground floor and basement
- Modern Decor
LEASE DETAILS
- 19 years lease
- passing rent £60,000pa
- rent review in 2025
- break option in 2030
- PREMIUM: £250,000
THE PREMISES
- 55 covers
- High footfall
- Modern decor & fully fitted
- 3 phase electricity and Extraction in place
- Alcohol licence
- Opening hour: Tuesday to Thursday 5pm-10pm ,Friday, Saturday 12pm-11pm & Sunday 12pm-9pm
- All fixtures & fittings included
THE LOCATION
- Chiswick, West London
- 0.1 miles from Turnham green Station (Zone 2, District line)
- 0.6 miles from Chiswick Park station
STAFF
- The business is currently operating with five full time and three part-time members of staff.
TRADING & FINANCIALS
- Trading as Restaurant, Cocktail Bar and Catering
- Gross Sales Revenue: approx £13,000 /week- £660,000/year
SUMMARY
This is a great opportunity to acquire a Restaurant that is fully established and perfect for first-time buyers or someone with previous experience in this industry.
Do not miss out on this outstanding business!
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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.
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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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