Grilled Chicken Franchise Resale in Walthamstow East London Available for Sale

Description

MAIN FEATURESGrilled chicken franchise business for sale.Circa 2,000 sq. ft with 100 cover restaurant.Premium and neutral décor, suitable for a wide range of restaurant concepts.Corner unit with excellent visibility.Gas, extraction, and three phase electricity in place.Two extraction systems installed, offering potential to operate multiple kitchen concepts.High street location in East London.LANDLORD REQUIREMENTSGuarantor may be required, subject to references.3-6 months rent deposit required, subject to references.Standard referencing and additional checks will apply.LEASE DETAILSLease expiry: September 2039 (Inside the Landlord and Tenant Act 1954).Current rent: £57,000 per annum.Rent review: Every 4 years.Next rent review: September 2027.Premium: £259,000, including franchise business, lease, fixtures, and fittings.THE PREMISESCirca 1,862 sq. ft with approximately 100 covers.Two extraction systems in place.Gas and three phase electricity installed.Rateable value: £21,000.Currently benefiting from a discounted business rates payment of approximately £6,600 per annum.THE BUSINESSGross revenue: Approximately £8,000 to £10,000 per week.The business is currently operated by 6-7 staff members under management.THE LOCATIONHigh street location in East London.Street parking available nearby.VIEWINGS AND CONFIDENTIALITYAll interested buyers must provide proof of funds to satisfy both the premium and landlord requirements.All interested parties must sign a Non Disclosure Agreement due to confidentiality requested by the client.Viewings are strictly through Restaurant Property Sellers only. Use of the website constitutes acceptance of the company’s terms and conditions.DISCLAIMERThe information above is provided by the seller and is issued without responsibility on the part of the agent 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 its employees has authority to make or give any representation or warranty in relation to the property.