Restaurant for Sale in Stoke Newington

  • Premium £130,000
  • £30,000/Annum
Stoke Newington, London
AVAILABLE BUSINESS & LEASE FOR SALE

Restaurant for Sale in Stoke Newington

Stoke Newington, London
  • Premium £130,000
  • £30,000/Annum

Description

Restaurant for Sale in Church Street, Stoke Newington. Circa 796 Sq. Ft


MAIN FEATURES

  • Well established neighbourhood restaurant (8+ years trading)
  • Critically Acclaimed Restaurant
  • Excellent Reputation
  • Premises Licence in Place
  • Weekly turnover of circa £8,000 (only open for dinner service Tue to Sat)
  • Circa 32 covers

LANDLORD’S REQUIREMENTS

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

LEASE DETAILS

  • Lease: Ending November 2027 or Option of New Lease (Inside the Act of 1954)
  • Rent: £30,000 PAX reviewed every 4 years
  • Next Rent Review: November 2027
  • Premium: £130,000 (Business, Lease & FF&E) + SAV

THE PREMISES

  • Circa 796 sq. ft
  • 32 Covers Restaurant
  • Fully Equipped Commercial Kitchen
  • Gas & Extraction in Place
  • Premises Licence in Place

THE BUSINESS

  • Trading for 8 years with solid customer base and reputation
  • We have been informed that the restaurant generates gross revenue of circa £416,000 per annum (£ 8,000/week).
  • Current Opening Hours: Tue – Fri (6pm-10pm) &  Sat (12:30pm–3:30 pm & 5pm–10 pm) .
  • We have been informed that the restaurant have Head chef, Full-Time Sous Chef and Part-Time Sous Chef, Manager, Assistant Manager and Part-Time Waiter/Waitress

THE LOCATION


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 7, 2024 at 10:43 am
  • Price: Premium £130,000
  • Size: 796 Sq. Ft
  • Covers: 32
  • Use: Restaurant
  • Type: RESTAURANTS, CAFES
  • Status: AVAILABLE

Overview

  • RESTAURANTS, CAFES
  • Type
  • 796
  • Sq. Ft

Contact Information

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