Restaurant/cafe for sale in Grove Vale, East Dulwich SE22

Restaurant & Cafe for sale in Grove Vale, East Dulwich, SE22.

Main features

High Footfall Area
Extraction & Gas in Place
Busy Location in East Dulwich
Circa 34-40 Covers
Benefits from Premises Licence

landlord’s requirements

Personal Guarantor Required (Subject to References)
3-6 Months Rent Deposit Subject to References
Accountant’s references
Trade references

Lease details

Lease Ending : 2042 (tbc) (Inside the Act of 1954)
Rent: £20,000 pax
Rent Review: Every 5 Years
Next Rent Review: 2027 (tbc)
Premium: £70,000 (Business, Lease & ff&E) + sav

The premises

Circa 665.2 sq. Ft
Circa 34-40 Covers
Payable Business Rates: Circa £9,356/annum (Rateable Value: £18,750)
Fully Fitted Commercial Kitchen
Gas & Extraction in Place
Premises Licence in Place

The business

Gross Revenue: We have been informed that the business generates gross revenue of circa £208,000 per annum (£4,000/week).
Currently our client manages the business with 2 Full-time Staff and 1 Part-time member.

The location

East Dulwich SE22
0.2 mile from East Dulwich
Close to 2 big Secondary schools (1100 students)
10 minutes away from East Dulwich football stadium (Hamlet) match every Saturday

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.