Restaurant for Sale in Finsbury Park

  • Premium £180,000
  • £30,000/Annum
Crouch Hill, Finsbury Park, London, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Restaurant for Sale in Finsbury Park

Crouch Hill, Finsbury Park, London, UK
  • Premium £180,000
  • £30,000/Annum

Description

Cafe & Restaurant for Sale in Crouch Hill, Finsbury Park.

The restaurant is ideally located very close to the Crouch Hill Station, boasts excellent visibility and attracts passing trade. It accommodates approximately 45 covers both inside and outside in an area of circa 785 sq. ft.

The business comes with fully fitted commercial kitchen, equipped with gas and extraction facilities, premises license, outdoor seating and 3-phase electricity supply.


MAIN FEATURES

  • Great Visibility and Passing Trade
  • Modern and Premium Decor
  • Circa 785 sq. ft
  • Fully Fitted Commercial Kitchen
  • Gas & Extraction in Place
  • Premises Licence in Place & Outdoor Seating Available
  • Benefits from 3-Phase Electric Power
  • Eligible for rate relief

LANDLORD’S REQUIREMENTS

  • Personal Guarantor Required (Subject to References)
  • 3-6 Months Rent Deposit Subject to References
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease: Grant of New Lease (Inside the Act of 1954)
  • Rent: £30,000 Plus VAT to be reviewed every 5 years
  • Premium: £180,000 (Business, Lease & FF&E)

THE PREMISES

  • Modern Décor & Fittings
  • Circa of 45 Covers ( 15 Covers outside | 30 Covers inside )
  • Circa 785 sq. ft
  • Fully Fitted Commercial Kitchen
  • Gas & Extraction in Place
  • Outdoor Seating Available
  • Benefits of 3-Phase Electric Power
  • Premises Licence in Place
  • Permitted Hours : 10am till 11pm & For Food (8am till 11pm)
  • Eligible for rate relief

THE BUSINESS

  • Gross Turnover: We have been informed that the business generates gross revenue of circa £468,000 per annum (£9,000/week).
  • The current revenue is “without delivery business”, hence an excellent opportunity to improve the sales.
  • Current Opening Hours: Mon – Fri (8am-11pm), Sat (9am-11pm) & Sun (10am-10pm)
  • Our client manages the restaurant with 4 staff members – 1 full time Chef, 1 part time in the kitchen & 2 full time in front of house.

THE LOCATION

  • Finsbury Park, N4
  • 0.8 miles to Harringay

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.


DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

Details

Updated on February 13, 2024 at 9:40 am
  • Price: Premium £180,000
  • Size: 785 Sq. Ft
  • Covers: 30
  • Use: Restaurant
  • Type: RESTAURANTS, CAFES
  • Status: AVAILABLE

Overview

  • RESTAURANTS, CAFES
  • Type
  • 785
  • Sq. Ft

Contact Information

RPS_Agent
  • RPS_Agent

Enquire About This Property

Similar Listings

Compare listings

Compare
RPS_Agent
  • RPS_Agent