London-Based Indian Restaurant with Alcohol License, 80 Seats, Excellent Reputation for Sale
Undisclosed, London
- Status
FOR SALE
- Date Submitted:
01/11/23
- Advert ID
602009
- Reference
KNIGHTSBRIDGE_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £450,000 (Stock at valuation)
- Rent: £130,000
- Turnover: £750,000 (£14,423 Per week)
- Net Profit: Not Applicable
Key Features
- Fully Fitted
- Established Business
- Retirement Sale
- Prime Location
- High Turnover
Business Details
Established Restaurant for Sale in Knightsbridge Fully Fitted. 80Covers. Alcohol Licence.
Restaurant for Sale in Knightsbridge. Circa 2261 Sq. Ft
MAIN FEATURES
- Circa 2261 Sq. Ft
- Sought-after Location in Knightsbridge
- Established Clientele & Strong Reputation
- On & Off Licence in Place
- Well-Designed & Well-Maintained Ambience
- Retirement Sale
LANDLORD’S REQUIREMENTS
- 6 Month’s or more Rent deposit subject to references
- Personal Guarantor subject to references
- Proof of funds
- Accountant’s references
- Trade references
LEASE DETAILS
- Lease: Ending Jan 2031 (Inside the Act of 1954)
- Current Rent: £130,000 PAX
- Service Charge: £4,000 per annum
- Rent Review: Every 5 Year
- Premium: £450,000 (Business, Lease & FF&E) SAV
THE PREMISES
- Circa 80 Covers
- Main Dining Area: 60 | Private Dining/Bar: 20
- Circa 2261 Sq. Ft (Spread over multiple levels)
- Payable Business Rates: Circa £27,392/annum (Rateable Value: £53,500)
- Fully Equipped Commercial Kitchen
- 5 Star Hygiene Rating
- Current Opening Hours: 1pm till 11pm
- Alcohol Licence in Place
- Permitted Hours: 10am till 12am
Along with main dining area, the restaurant also features a cosy private dining room/bar. The interior is well designed that combines modern elegance with traditional elements. The ambiance is warm and inviting, creating a memorable dining experience.
THE LOCATION
- Knightsbridge, SW7
- Prime Location
- Situated in one of the most affluent and sought-after areas in London
- Royal Borough of Kensington & Chelsea
TRADING & FINANCIALS
- Gross Sales Revenue: We have been informed that the restaurant generates gross revenue of circa £825,000 per annum (£15,865/week).
- Our client currently manages the restaurant with 4 Chefs, 2 FT Managers, 5 Waiting Staff and 2 cleaners.
- Established over 20 years
VIEWINGS & CONFIDENTIALITY
We will require proof of funds before sharing the location details and arranging a viewing.
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.
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.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.
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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.
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
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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