Established Cafe Business for Sale in St. Margarets, Richmond
Property ID: RPS-21378
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN FEATURES
Well Established Cafe Business
Grant of New Lease
Fully Fitted Kitchen
Gas & Extraction in Place
Benefits from Premises License
LANDLORD’S REQUIREMENTS
Guarantor Required (Subject to References)
3-6 Months Rent Deposit (Subject to References)
Accountant’s references
Trade references
LEASE DETAILS
Grant of New 10-15 Years Lease (Inside the Act of 1954)
Current Rent: £35,000 per annum
Premium: £135,000 + SAV (Business, Lease & FF&E)
THE PREMISES
Circa 46 Covers
Fully Fitted Kitchen
Gas & Extraction in Place
Premises Licence in Place
Permitted Hours: 7am till 11pm
Current Trading Hours: 7am till 4pm
Payable Business Rates: Circa £9,106/annum (Rateable Value: £18,250)
THE BUSINESS
Gross Revenue: We have been informed that the business generates gross revenue of circa £468,000 per annum (£9,000/week).
THE LOCATION
St. Margarets, TW1
London Borough of Richmond
St Margarets is an affluent suburb and neighbourhood in the London Borough of Richmond upon Thames offering a excellent independent cafes and other eateries.
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.
