Fully-fitted & Established Cafe In Chiswick For Sale

Description

Fully fitted and established café available for sale on Chiswick High Road, close to Chiswick Park. Property ID: RPS-22719.

Proof of funds required: all interested buyers must be able to provide proof of funds prior to requesting a viewing.

Main details: an established café situated on Chiswick High Road, in close proximity to Chiswick Park. The premises benefit from extraction and a three-phase power supply. A gas supply is installed but not currently in use. An owner’s car parking space is available.

Landlord’s requirements: a guarantor is required, subject to references. A rent deposit equivalent to three to six months will be required, subject to references. Other standard checks will be carried out.

Lease details: the lease runs until October 2037 and is inside the Landlord and Tenant Act 1954. The current rent is £27,500 per annum exclusive. The premium is £220,000 for the business, lease, and fixtures and fittings.

The premises: internal area of approximately 842.49 sq ft arranged over two levels. Seating for around 48 covers, including outdoor seating. The premises benefit from extraction and three-phase power. A gas supply is installed but not currently in use. The rateable value is £16,750, with payable business rates of approximately £8,358.25 per annum.

The business: gross revenue is reported to be approximately £156,000 per annum, equating to around £3,000 per week. The café currently operates from 6:00am until 2:30pm and is closed on Sundays. The business is managed by the owner with two full-time and two part-time members of staff. In the vendor’s opinion, there is potential to increase revenue by extending trading into the evening.

The location: located on Chiswick High Road, W4. Parking is available. The premises are a short distance from Chiswick Park and are surrounded by several office buildings, generating lunchtime trade.

Viewings and confidentiality: all interested buyers must have proof of funds sufficient to meet the premium and landlord’s requirements. A non-disclosure agreement must be agreed with the company due to confidentiality requested by the client. Viewings are strictly arranged through Restaurant Property Sellers only. Use of the website constitutes agreement with the company’s terms and conditions.

Disclaimer: the above information has been provided by the seller and is issued without responsibility on the part of the firm and should not be relied upon as statements of fact. Any intending purchaser must satisfy themselves as to the accuracy of each statement. Neither the firm nor any of its employees has authority to make or give any representation or warranty in relation to this property.