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Italian Restaurant In Chiswick, W4 For Sale

Chiswick, London, UK
Asking Price:
£80,000
Turnover:
£468,000
Net Profit:
Not applicable

Italian Restaurant for Sale in Chiswick, W4

Property ID: RPS-23082

PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.

MAIN DETAILS

Well-established Italian restaurant business available for sale
Situated in prime dining destination of Chiswick, W4
Ideal to continue as going concern business
Approximate floor area: 386 sq. ft
Seating capacity: circa 30 covers
Outdoor seating available
Fully equipped with gas supply, extraction system, Premises Licence, and three-phase power

LANDLORD’S REQUIREMENTS

Guarantor required (subject to references)
9 month’s rent deposit required (subject to references)
Other usual checks will be carried out

LEASE DETAILS

Lease: Ending September 2033
Current Rent: £41,250 per annum exclusive
Rent review: Every 5 years
Next rent review: September 2028
Premium: £80,000 (Business, Lease & fixtures and fittings)

THE PREMISES

Area: Circa 386 sq. ft
Covers: Circa 30
Benefits from gas, extraction & Premises Licence in place
New Rateable Value: 15,250

Payable rates: Circa £5, 825/annum (please confirm with local council)
Five Star Hygiene

THE BUSINESS

Reported gross revenue: Approximately £9,000 per week (£468,000 per annum)
Currently operated by the owner (chef) with a team of 3 full-time and 2 part-time staff

THE LOCATION

Situated in prime dining destination of Chiswick, W4
Affluent and vibrant area with several eateries
Highly sought-after location in West London
Passing trade throughout the day

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.

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. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

Property Information

Property:

Leasehold

Lease Terms:

Lease: Ending September 2033
Current Rent: £41,250 per annum exclusive
Rent review: Every 5 years
Next rent review: September 2028

Leasehold Rent:

£41,250 per annum

Location:

Situated in prime dining destination of Chiswick, W4
Affluent and vibrant area with several eateries
Highly sought-after location in West London
Passing trade throughout the day

Premises Details:

Area: Circa 386 sq. ft
Covers: Circa 30
Benefits from gas, extraction & premises licence in place
New Rateable Value: 15,250
Payable rates: Circa £5, 825/annum (please confirm with local council)
Five Star Hygiene

Size in square feet:
386 sq. ft