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

Description

MAIN DETAILSEstablished pub and restaurant business for sale in WembleyRegularly benefits from allocations during Wembley event days, generating strong additional revenueCurrent turnover advised at approximately £20,000 to £22,000 per weekLocated only a few minutes from Wembley StadiumApproximate size: 4,000 sq. ft with fully fitted bar and restaurant offering around 100 coversLarge commercial kitchen in place, including fitted cold room and walk-in freezerLANDLORD’S REQUIREMENTSGuarantor required subject to references6 months rent deposit required subject to referencesStandard referencing and affordability checks will applyLEASE DETAILSLease expiry: October 2032 (inside the Landlord and Tenant Act 1954)Current rent: £58,000 per annum plus VATRent review: Every 3 yearsPremium: £449,000 (business, lease, fixtures, and fittings included)THE PREMISESApproximate area: 4,000 sq. ft on a single levelSeating capacity: approximately 100 covers across bar and restaurant areasBenefits from gas supply, extraction system, three-phase electricity, and cold room facilitiesRateable value: £70,000Business rates payable: approximately £30,100 per annum (subject to confirmation with local authority)5-star hygiene rating achievedTHE BUSINESSGross annual revenue: approximately £1,144,000 (around £22,000 per week as advised)LOCATIONWembley, HA9Situated only a few minutes from Wembley Stadium StationThe venue benefits from significant additional trade during event days and stadium activityVIEWINGS & CONFIDENTIALITYAll prospective purchasers must provide proof of funds to satisfy premium and landlord requirements.A non-disclosure agreement must be signed prior to release of further information due to client confidentiality.Viewings are strictly arranged through Restaurant Property Sellers only. By proceeding, all parties agree to the stated terms and conditions.DISCLAIMERThe information provided has been supplied by the seller and is issued without responsibility on the part of the agent. It should not be relied upon as statements of fact. Interested parties must satisfy themselves as to the accuracy of all details. The agent and its employees have no authority to make or give any representation or warranty in relation to the property.