Restaurants for Sale London
To ensure that you do not miss out on the right restaurant for your business, register your search interests with our team. Not only will our team match your requirements to our existing properties, we will also use our envious contacts across the industry to canvas and find unparalleled opportunities of restaurants for sale.
Our selection of restaurants for sale predominately cover London, plus a selection of premium sites across the UK. Offering leasehold, freehold and investment restaurants for sale, our team is on hand to support you in your property search, using our intimate knowledge of the restaurant industry to help you to find the right commercial premises for your business to flourish.
How to search for restaurants for sale
Following the shake-up to property use classes in the UK in 2020, the use class A3 - Restaurants and Cafes has been replaced by the new Use Class E - Commercial, Business and Service.
A3 - Restaurants and Cafes
Before being replaced in September, 2020, when searching for restaurants for sale the A3 - Restaurants and Cafe use class was very important. This A3 use class included restaurants, snack bars and cafes; premises where food and drink was purchased to be consumed on site.
Use Class E - Commercial, Business and Service
Following the changes brought about by the Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020, the new Use Class E - Commercial, Business and Service means that planning permission was no longer required for premises to change usage between:
- Professional Services
- Restaurants and Cafes
- Clinics and Health Centres
- Creches and Day Nurseries
Importantly, when searching for restaurants for sale, these changes to the Use Classes open up new possibilities and avenues for available properties. Under the new class E, the following uses are grouped into one:
- E (a) Display or retail sale of goods, other than hot food
- E (b) Sale of food and drink for consumption (mostly) on the premises
- E (c) Provision of:
- (i) Financial Services;
- (ii) Professional Services (other than health or medical services), or;
- (iii) Other appropriate services in a commercial, business or service locality
- E (d) Indoor sport, recreation or fitness (not involving motorised vehicles or firearms)
- E (e) Provision of medical of health services (except the use of premises attached to the residence of the consultant or practitioner)
- E (f) Creche, day nursery or day centre (not including a residential use)
- E (g) Uses which can be carried out in a residential area without detriment to its amenity:
- (i) Offices to carry out any operational or administrative functions,
- (ii) Research and development of products or processes
- (iii) Industrial processes
These new use classes were introduced to help streamline the property search and planning process. This changed how you can search for restaurants for sale due to the wider availability of properties suitable for restaurant usage. For up to date advice on how to find a suitable restaurant property for your business, either register your property search requirements with us or contact our team.
Buying a London Restaurant
There are over 15,000 restaurants in London, all of them serving up a unique, characterful dining experience. London itself is a diverse melting pot of different cultural influences and communities, helping to ensure that the London restaurant industry is amongst the very best in the world. The boroughs and districts of London are not homogeneous; each area is bursting full of its own character and offering. From the vibrant buzz of Camden, the culture of Covent Garden, the decadence of Mayfair and everything in between, if you are looking to buy a restaurant then London is the ultimate destination.
We take pleasure in creating an extensive portfolio of restaurants for sale in London that span from fine dining establishments to stylish bistros, making our selection ideal for a wider spectrum of business owners.
Each listing on our platform provides information about the restaurant, including the building’s dimensions, its specific use as well as the financial details needed to acquire such properties. We are devoted to giving you accurate and current information since we recognise how crucial transparency is when making such a big investment.
When it comes to taking the next steps having found a restaurant for sale that you are interested in, you might be required to take part in Anti-Money Laundering (AML) checks. These checks, also known as KYC (Know Your Clients), are a legal requirement for both buyer and seller if the property has a rent of £10,000 or more per annum. This check is performed by software that is able to confirm an individual’s identity using their Identification and proof of address. Suitable documents include:
For the ID: Passport or UK Driving Licence
For the proof of address: Driving licence (if not used as ID), National Identity Card, Utility Bill (dated within the last 3 months, phone bills are not accepted.)