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  • Listing ID: 2195400

Italian Restaurant In Richmond Town Centre For Sale

Richmond, London
  • £130,000
  • (Furniture / Fixtures included)
£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

Lease Terms:

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

Leasehold Rent:
£22,000 per annum

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.

Years established:

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)
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