Busy High Street 80-Cover Restaurant in Chingford, London with Outdoor Seating & Car Parking For Sale
Chingford, London
- Status
FOR SALE
- Date Submitted:
11/03/24
- Advert ID
608016
- Reference
CHINGFORD_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £100,000 (Stock at valuation)
- Rent: £30,000
- Turnover: £364,000 (£7,000 Per week)
- Net Profit: Not Applicable
Key Features
- Fully Fitted
- Town Centre location
- Prime Location
- High Turnover
- With Car Park
- Established Business
Business Details
High Street 80Cover Restaurant for Sale in Chingford with Outdoor Seating & Car Parking
Restaurant for Sale in Chingford, Waltham Forest
MAIN FEATURES
- Fully Fitted 80 cover restaurant
- Ample Street Car Park Available
- Benefits from Premises Licence
- Outdoor Seating for up to 16 covers with retractable roof
- Suitable for any kind of restaurant or cafe
LEASE DETAILS
- Lease: Ending 2039
- Passing Rent: £30,000 PAX
- Rent Review: Every 5 years
- Next Rent Review: Agreed at £30,000 from 2024
- Premium: £100,000 (Lease & FF&E)
THE LOCATION
The restaurant is located on a busy high street with ample car park space, attracting a large number of customers from the local community as well as visitors to the area.
TRADING & FINANCIALS
- Gross Sales Revenue: Circa £7,000 per week (£364,000/year) (As per the seller)
- Delivery partnership with JustEat, Deliveroo & UberEATS
- We have been informed that the restaurant currently operates with 3 full time, 4 part time and two owners
THE PREMISES
- Total Area Circa 1356 sq. ft
- Covers: Circa 80 covers
- Rateable Value: £28,000
- Business Rates: Circa £14,000 per year (Eligible for discount this year)
- Alcohol Licence
- Fully equipped commercial kitchen
VIEWINGS & CONFIDENTIALITY
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
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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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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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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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