Overview
Description
Award-Winning French Restaurant & Wine Bar for Sale in Brixton
MAIN FEATURES
Award Winning Family-run French Restaurant
Critically Acclaimed Restaurant
Grant of New Lease
Eligible for rate relief
Circa 1063 Sq. Ft
Circa 40 Covers (Ground Floor: 30 | Basement: 10)
Fully Equipped Commercial Kitchen
Net Profit: 2021: £102,751 and 2022: £82,683
LANDLORD’S REQUIREMENTS
Rent Deposit: 3-6 months’ subject to references.
Personal Guarantor subject to references
Proof of funds
Accountant’s references
Trade references
LEASE DETAILS
Grant of New Lease (10 years)
Lease: Inside the Act of 1954
New Rent: £35,000 per annum
Rent Review: Every 3 years
Next Rent Review: TBC
Premium: £195,000 (Goodwill, FF&E, Lease) + SAV
THE PREMISES
Circa 1063 Sq. Ft
Premises Licence in Place
Circa 40 Covers Restaurant
Fully Equipped Commercial Kitchen
Eligible for rate relief
Gas & Extraction in Place
Premises Licence
Permitted Hours: Sun -Thu (12pm till 11pm) & Fri – Sat (12pm till 2am)
THE LOCATION
Brixton, SW2
0.5 miles to Brixton Market
0.6 miles to Herne Hill Station
TRADING & FINANCIALS
Trading since 9 years
Year 2023: Revenue: £638,326.51 (Net profit: TBC)
Year 2022: Revenue: £723,316 & Net Profit of £82,683
Year 2021: Revenue: £579,005 & Net Profit of £102,751
Currently our clients, two partners (manager & head chef), manage the business with other supporting staff members.
In our opinion, this business is extremely suitable for an aspiring chef or family with an extensive knowledge of French wine & cuisine.
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree 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 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.
Leasehold Terms:
Is this business relocatable:
Is stock included:
Website address:
Listed By:
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