Restaurant/cafe for sale in Brixton, London SW2

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.