Restaurant for Sale in Chingford, Waltham Forest

MAIN FEATURES

Fully Fitted 80 cover restaurant
Ample Street Car Park Available
Benefits from Premises Licence
Outdoor Seating for up to 16 covers with retractable roof
Suitable for any kind of restaurant or cafe

LEASE DETAILS

Lease: Ending 2039
Passing Rent: £30,000 PAX
Rent Review: Every 5 years
Next Rent Review: Agreed at £30,000 from 2024
Premium: £100,000 (Lease & FF&E)

THE LOCATION

The restaurant is located on a busy high street with ample car park space, attracting a large number of customers from the local community as well as visitors to the area.

TRADING & FINANCIALS

Gross Sales Revenue: Circa £7,000 per week (£364,000/year) (As per the seller)
Delivery partnership with JustEat, Deliveroo & UberEats
We have been informed that the restaurant currently operates with 3 full time, 4 part time and two owners

THE PREMISES

Total Area Circa 1356 sq. ft
Covers: Circa 80 covers
Rateable Value: £28,000
Business Rates: Circa £14,000 per year (Eligible for discount this year)
Alcohol Licence
Fully equipped commercial kitchen

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.