Well-established Bar, Café & Restaurant Lounge business for sale in North London | Ref: CS0771
£100,000
Location:
Skyline Commercial Properties is pleased to offer this well-established restaurant located in North London (Zone 3). The business is positioned right next to the station in one of the area’s busiest locations, benefiting from strong daily footfall. The surrounding area includes residential homes, local shops, and other businesses, making it ideal for both daytime and evening trade with excellent transport access.
Reason for Sale:
Genuine retirement sale, with the current owner planning to relocate.
Overview:
This is a well-established restaurant that has been successfully trading for almost 5 years. The premises are in immaculate condition and are well laid out for smooth day-to-day operations. The restaurant offers a trendy and cosy lounge-style vibe with tasteful décor, creating a welcoming atmosphere for customers.
It benefits from a separate kitchen, a dedicated storage area, and two bathrooms, making it ideal for a professional operation. There is generous seating both inside and outside, providing a comfortable dining experience. With strong weekly takings and a solid local reputation, this business is ready for a new owner to take over and continue trading immediately.
Turnover:
• Approximately £6,000 – £8,000 per week
Potential:
There is good potential to increase turnover by extending trading hours, as the premises are licensed to open late. A new owner could also expand the menu or introduce new food concepts. Additionally, there is an opportunity to offer sheesha at the rear of the property, subject to planning permission. This is a great opportunity to build on an already successful business.
Tenure:
• Leasehold – 2 years remaining on the current lease
Rent:
• £22,000 per annum
Rates:
• £4,000 per annum
Seating:
• Inside seating area: 55 covers
• Outside area: 10 covers
Total seating: 65 covers
Alcohol licence available.
Trading Hours:
• Current trading hours: 6:00 AM – 10:00 PM
Additional Potential:
The premises are licensed to trade till late, allowing a new owner to extend opening hours and increase turnover.
Size:
• Shop floor with front bar area: approx. 470 sq ft
• Alleyway and toilets: approx. 120 sq ft
• Rear shop floor extension: approx. 300 sq ft
• Kitchen and storage area: approx. 220 sq ft
• Total area: approximately 1,100 sq ft
The business is marketed at £110,000 + SAV, inclusive of all equipment, fixtures, and fittings.
Call Skyline Commercial Properties for further details or to arrange a viewing on 0204 572 0717 or email info@skylinecommercialproperties.co.uk
Tenure: Leasehold
Reference: CS0771
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
