100 Cover Pub and Restaurant for Sale in Wembley, Approx 4000 sq.ft near Wembley Stadium

Description

100 cover pub and restaurant for sale in Wembley. Approx. 4,000 sq ftProof of funds required: All prospective buyers must provide proof of funds prior to arranging a viewingMain DetailsEstablished pub and restaurant business available for sale in WembleyRegularly allocated during Wembley event days, generating strong revenueReported weekly turnover between £20,000 and £22,000Located a few minutes from Wembley StadiumApprox. 4,000 sq ft with fully fitted bar and restaurant offering 100 coversLarge commercial kitchen equipped with fitted cold room and walk-in freezerLandlord’s RequirementsGuarantor required subject to referencesSix months rent deposit required subject to referencesStandard checks will be conductedLease DetailsLease expiry: October 2032 under the Landlord and Tenant Act 1954Current rent: £58,000 plus VAT per annumRent review: Every three yearsPremium: £449,000 including business, lease, fixtures and fittingsThe PremisesArea: Approx. 4,000 sq ft arranged over one levelSeating capacity: Approximately 100 covers within bar and restaurantEquipped with gas supply, extraction system, three-phase power and cold roomRateable value: £70,000Payable rates: Approximately £30,100 per annum, subject to confirmation with the local councilFive-star hygiene ratingThe BusinessGross revenue: Reported annual turnover of approximately £1,144,000 based on £22,000 per weekThe LocationWembley, HA9Located a few minutes from Wembley Stadium stationThe venue benefits from allocation during event days