Skip to main content

  • Listing ID: 2195400

Italian Restaurant In Richmond Town Centre For Sale

Richmond, London
  • £130,000
  • (Furniture / Fixtures included)
Turnover:
£100K - £200K
Net Profit:
Under £50K


Business Description

Family-run fully A3 licensed Italian restaurant in the heart of affluent Richmond for sale due to personal circumstances. Ideally situated just off Richmond's main shopping street in a very picturesque pedestrianised street very close to Richmond Green. Very quaint dining areas on the ground and first floors of this grade 2 listed building, which is approx 400 years old and full of character. The top floor houses a large stockroom and bathroom for guests.
Very reluctant sale as the current owners love this place but personal circumstances have forced the sale. There's a lovely community here in Paved Court, with almost all the businesses being independently owned. Also licenced for outdoor tables on the pedestrianised street.
This is a rare opportunity for someone who has the time and enthusiasm to invest in a restaurant. The possibilities are endless.
Reasonable rent of £22,000 per annum, with a negotiable remaining lease of 9 years, and business rates of approx £7,000 a year.

/

Property Information

Property:
Leasehold
Lease Terms:

Nine years left on lease. Further terms negotiable with reasonable landlord.

Leasehold Rent:
£22,000 per annum
Location:

Just off Richmond's main shopping street and Richmond Green. Close to Richmond Theatre.

Premises Details:

Three-storey historic, grade 2 listed building on a gorgeous pedestrianised street. A3 licenced.

Planning Consent:

A3 food and alcohol sales consent. Food till 2am, including takeaway, alcohol till midnight.
Special one-off late-night licenses can be applied for.

Business Operation

Expansion Potential:

Listed character building so expansion potential is limited, but the current 40 covers, including outside seating, is sufficient for the location.

Competition / Market:

My partner and I haven't reached the full potential of this restaurant due to very difficult personal circumstances. For the right person, the sky is the limit.

Reasons for selling:

Difficult personal circumstances that mean we don't have the time to invest in a business with such great potential.

Trading hours:

11am to 10pm Tuesday to Sunday. Flexible.

Employees:
2
Years established:
5

Other Information

Support & training:

Owner can offer benefit of experience and requirements for the business to the new owners.

Furniture / Fixtures value:
£60,000 (included in the asking price)
Website:
Please click here to view the link

Contact this seller

Fields marked are required by the Seller.

  1. Contact Information

  2. Your Address

Your Message to this Seller

By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.