Fully Fitted Restaurant for Sale in Wimbledon Park
Property ID: RPS-23194
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting a viewing.
MAIN DETAILS
Long lease ending in 2045 (Inside the Act)
Located in a prime Wimbledon Park location
High footfall trading position on a busy road
Fully fitted restaurant with gas, extraction & three phase
Circa 1,000 sq. ft, spread over the ground floor & basement
Premises licence in place but currently not used
Ideal for any type of restaurant or cafe
LANDLORD’S REQUIREMENTS
Guarantor required (subject to references)
3 months' rent deposit required (subject to references)
Other usual checks will be carried out
LEASE DETAILS
Lease: Ending Sept 2045 (Inside the Act of 1954)
Current Rent: £21,100 per annum exclusive
Rent Review: Every 5 years
Next Rent Review: Sept 2030
Premium: £110,000 (Business, Lease & fixtures and fittings)
THE PREMISES
Circa 1,000 sq. ft with 46 covers (over two floors)
Outdoor seating available for up to 8 guests
Benefits from gas, extraction & three phase
Rateable Value: 18,750
Payable business rates: £5,290 per annum
Had premises licence but currently not used
THE BUSINESS
We have been informed that the business currently generates a gross revenue of £4,500 to £5,000 per week
GROWTH OPPORTUNITIES
Alcohol licence - if utilised can significantly increase customer spend and boost profit margins.
Delivery services – There is considerable room to tap into the booming delivery market in SW London
Extended opening hours – The business is currently operating 6 days a week, evenings only. Additional revenue can be generated with minimal overhead by expanding service times.
THE LOCATION
Wimbledon Park, London SW19
Situated in the heart of Wimbledon Park, the restaurant benefits from a highly desirable and affluent catchment area. Wimbledon Park itself is a hotspot for both residents and visitors, and the location is only a stone’s throw from the world-famous Wimbledon tennis tournament,
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements.
All interested buyers must agree to a Non-Disclosure Agreement due to the “Confidentiality” requested by the client.
DISCLAIMER
The above information is provided by the seller and is issued without responsibility on the part of the firm therefore is not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. Neither the firm nor any of its employees has any authority to make or give, any representation or warranty whatever in relation to this property.
