Fulham Palace Road Cafe with Alcohol Licence and New 15-Year Lease for Sale
Fulham, London
- Status
FOR SALE
- Date Submitted:
27/02/24
- Advert ID
607418
- Reference
FULHAM_PALACE_CAFE / Rightbiz
- Call Agent:
- Leasehold: £60,000 (Stock at valuation)
- Rent: £27,500
- Turnover: £208,000 (£4,000 Per week)
- Net Profit: Not Applicable
Key Features
- Small Business
- New Lease
- Established Business
- Town Centre location
- Fully Fitted
Business Details
Cafe for Sale in Fulham Palace Road with Alcohol Licence & Grant of New Lease
Cafe for Sale in Fulham Palace Road
MAIN FEATURES
- Busy Location in Fulham Palace Road
- Grant of New Lease
- Five Star Hygiene
- Benefits from Extraction & Alcohol Licence
- Circa 836 Sq. Ft (Ground Floor: 484 | Basement: 344)
- Total Covers: Circa 60 (Front & Rear)
LEASE DETAILS
- 15 years new lease (Outside the LTA 1954)
- Rent: £27,500 PAX
- Rent Review Term: Every 5 years
- Next Rent Review: TBC
- Premium: £60,000 (Business, Lease & fixtures & fittings)
PREMISES
- EPC Rating: D
- Ground Floor: Circa 484 Sq. Ft (Kitchen & 60 Covers)
- Basement: Circa 344 Sq. Ft (Storage)
- Extraction & Gas Connection in Place
- Rateable Value: £25,000 (Payable: Circa £12,500/annum)
- Benefits from Premises Licence
THE LOCATION
- Fulham Palace Road, W6
- Hammersmith: 0.2 mile
- Charing Cross Hospital: 0.2 mile
- West London College: 0.6 mile
- Fulham Football Stadium: 1.1 mile
- High Passing throughout the day
TRADING
- Turnover: Circa £4,000/week (£208,000/year) as per the seller
- Trading Hours: 6am till 8pm (Sunday Closed)
REASON FOR SALE
- Retirement Sale
LANDLORD’S REQUIREMENT
- Must have Hospitality Background
- Rent Deposit of 3-6 months (non-negotiable)
- Bank, Trade & Accountant’s Reference required
- Evidence of financial credibility
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.
Contact Agent
Listing Statistics
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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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