Successful Mexican Cafe & Restaurant for Sale in North West London
Property ID: RPS-23165
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN DETAILS
Established over 10 years
Successful Mexican Cafe & Restaurant for sale
Sought after location in North West London (NW1)
High footfall area with strong passing trade
Nearby occupiers include Domino's, KFC & Papa John's
Ground floor is circa 600 sq. ft (tbc) accommodating 38-40 covers
Benefits from gas, extraction, cold room & premises licence
Ample storage in the basement
LANDLORD’S REQUIREMENTS
Guarantor required (subject to references)
6 month’s rent deposit required (subject to references)
Other usual checks will be carried out
LEASE DETAILS
Lease: Ending August 2034 (Inside the Act of 1954)
Current Rent: £26,000 per annum exclusive
Rent review: Every 4 years
Next rent review: September 2026
Premium: £225,000 (Business, Lease & fixtures and fittings)
THE PREMISES
Ground floor circa 604 sq. ft with 38-40 covers
Ample storage in the basement with with cold room
Benefits from gas, extraction & premises licence in place
Rateable Value: 25,500
Payable Rates: Circa £9,741/annum (please confirm with local council)
THE BUSINESS
We have been informed that the business generates gross revenue of circa £468,000 per Annum (£9,000/week).
Our client manages the restaurant with 5 full time & 2 part time staff (including 1 owner).
THE LOCATION
Sought after location in North West London
High footfall area with strong passing trade
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.
