Herne Hill Restaurant for Sale - Fully Fitted, 60 Covers, Outdoor Seating, Active Licences
Herne Hill, London
- Status
FOR SALE
- Date Submitted:
09/04/24
- Advert ID
609491
- Reference
HERNE_HILL_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £179,000 (Stock at valuation)
- Rent: £30,000
- Turnover: £572,000 (£11,000 Per week)
- Net Profit: Not Applicable
Key Features
- High Turnover
- Fully Fitted
- Unique Business
- Town Centre location
- Prime Location
- Attractive Business
- Established Business
- Potential for Alternative Use
Business Details
Fully Fitted Restaurant for Sale in Herne Hill with 60Covers, Premises Licence & Outdoor Seating
Restaurant for sale in Herne Hill, South London
MAIN FEATURES
- Sought After Location in South London
- Upmarket & Vibrant Neighbourhood
- 0.9 mile from Brockwell Park
- Outdoor Seating Available
- Fully Fitted Commercial Kitchen
- On & Off Licence in Place
LANDLORD’S REQUIREMENTS
- Personal Guarantor Required (Subject to References)
- 3-6 Months Rent Deposit Subject to References
- Accountant’s references
- Trade references
LEASE DETAILS
- Lease Ending : Nov 2034 (Outside the LTA 1954)
- Rent: £30,000 PAX
- Rent Review: Every 5 Years
- Next Rent Review: Nov 2024
- Premium: £179,000 (Business, Lease & FF&E) SAV
THE PREMISES
- Ground Floor: Circa 660 sq. ft
- Basement: Circa 336 sq. ft
- Modern Décor & Fitting
- Circa 60 Covers ( Inside: 30| Garden: 30)
- Payable Business Rates: Circa £11,477/annum (Rateable Value: £23,000)
- Fully Fitted Commercial Kitchen
- Gas & Extraction in Place
- Storage in the Basement
- On & Off Licence in Place
THE BUSINESS
- Gross Revenue: We have been informed that the business generates gross revenue of circa £572,000 per annum (£11,000/week) from Dine-In only.
- Potential to increase revenue by opening up Monday – Day & Night and Tues & Fri – Daytime
- Currently our client manages the business with 2 Full-time Head Chefs and 5 Part-time members.
THE LOCATION
- Herne Hill, London SE24
- 0.1 miles from Herne Hill
- Multiple independent cafes & restaurants Nearby
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
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.
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Do not 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 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.
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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