Restaurant for Sale in East Finchley with 4-Bed Flat

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MAIN FEATURES

• 4-Bed Flat Included
• High Footfall and Great Visibility
• Circa 1872 Sq. Ft with 80 Covers
• Gas and Extraction in Place

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LANDLORD’S REQUIREMENTS

• 3-6 Month’s Rent deposit subject to references
• Personal Guarantor subject to references
• Proof of funds

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LEASE DETAILS

• Lease: Ending 2041 (Inside the Act of 1954)
• Rent: £60,000 PAX
• Rent Review Term: Every 5 years
• Next Rent Review: 2027
• Premium: £245,000 (Business, Lease & FF&E) + SAV

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THE PREMISES

• Circa 80 Covers Restaurant
• Circa 1872 Sq. Ft
• Payable Business Rates: Circa 19,086/annum (Rateable Value: 38,250)
• Fully Equipped Commercial Kitchen
• Current Opening Hours: Sun– Sat(11:30 am – 10:00 pm)
• Gas and Extraction in Place

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THE LOCATION

• East Finchley N2
• 0.2 miles to East Finchley

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TRADING & FINANCIALS

• Gross Sales Revenue: We have been informed that the restaurant generates gross revenue of circa £780,000 per annum (£15,000/week).
• Our client currently manages the restaurant with 5 Full-time Staff, 2 Part-time Staffs.

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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.

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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.