Restaurant for Sale in Walthamstow, Waltham Forest
Introducing an exceptional opportunity to acquire a restaurant established over 9 years in the vibrant neighbourhood of Walthamstow, London. Nestled within a bustling and diverse community, this restaurant has become a beloved dining destination for locals and visitors alike. Suitable to turn into a daytime cafe or a restaurant of any kind.
MAIN FEATURES
Suitable for Cafe or Restaurants
Benefits from Premises Licence
Suitable for any kind of restaurant or cafe
Circa 945 Sq. ft
LANDLORD’S REQUIREMENTS
Three to Six month’s rent deposit, subject to references
Proof of funds
Accountant’s references
Trade references
LEASE DETAILS
Lease: TBC (Inside the Act 1954)
New Rent: £13,000 PAX
Rent Review: Every 5 years
Next Rent Review: TBC
Premium: £125,000 (Business, Lease & FF&E)
THE LOCATION
E17 Walthamstow, Waltham Forest
Busy Street with Footfall
Immediate Units occupied by national as well as independent retailers
This restaurant is ideally situated in Wood Street, part of a vibrant district of Walthamstow in northeast London, a bustling and culturally diverse neighbourhood that offers a unique blend of history, community spirit, and modern urban living. This dynamic area is known for its vibrant atmosphere, diverse range of shops and eateries, and its commitment to the arts. Here’s a description of what you can expect when exploring Wood Street.
TRADING & FINANCIALS
Gross Sales Revenue: Circa £3,000 to 3,500 per week (£182,000/year) (As per the seller)
We have been informed that the restaurant currently operates with 2 full-time and 2 part-time staff, including one owner
THE PREMISES
Total Area Circa 945 sq. ft. (Ground Floor)
Covers: 35 to 40
Rateable Value: £16,000 (Payable Rates in 2023: £1,314/year)
Alcohol Licence
Wood-fired pizza oven
Benefits of Three-Phase Electric supply
Fully equipped commercial kitchen
VIEWINGS AND CONFIDENTIALITY
All interested buyers must agree to a 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, it is not to be relied upon as a statement 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 whatsoever in relation to this property.
