Established Italian Restaurant for Sale in Hampton
Property ID: RPS-23256
PROPERTY & BUSINESS SNAPSHOT
Type Well established family run Italian restaurant
Location Sought after and affluent location in Hampton
Lease Grant of new FRI Lease
Rent £66,000 p.a. exclusive
Rent review To be agreed
Floor area Approx. 1297 sq. ft
Covers Circa 70 covers
Rateable value 18,750
Business rates payable Circa £7,160 p.a.
Permitted use Restaurant (Class E)
Revenue 2025: TBC & 2024: £571,626 (net of VAT)
Ancillary Premises licence & fully fitted commercial kitchen in place
Premium £520,000 (New lease, goodwill and FF&E)
LANDLORD’S REQUIREMENTS
Guarantor required (subject to references)
Rent deposit required (subject to references)
Other usual checks will be carried out
LEASE DETAILS
Lease: Grant of new FRI Lease
Current rent: £66,000 per annum exclusive
VAT may apply where applicable
THE BUSINESS & PREMISES
Well established family run Italian restaurant in an affluent, attractive and touristic area in Hampton.
Our client (chef-owner) manages the business with two family members and 14 other staff members.
The premises is spread over approximately 1,297 sq. ft., with a seating capacity for up to 70 guests and benefits from a well-maintained and fully fitted commercial kitchen.
THE LOCATION
The business is located in a an affluent and touristic area in Hampton.
Due to confidentiality, the actual location can only be disclosed once the potential buyers signs our NDA.
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements.
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.
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.
