Restaurant for sale in Herne Hill, South London
MAIN FEATURES
Sought-After Location in South London
Upmarket & Vibrant Neighbourhood
0.9 miles from Brockwell Park
Outdoor Seating is 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 Tuesday & Friday, 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 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.
