Turnkey Mediterranean Restaurant | Prime North London Location | 50 Covers | Fully Fitted (Ref: CS0789)
£95,000
LOCATION:
Prominently situated on the busy Green Lanes in North London, surrounded by a strong mix of retail outlets, schools, and affluent residential areas. The premises benefit from excellent footfall, passing trade, nearby train and bus links, and ample customer parking directly outside.
DESCRIPTION:
A fantastic opportunity to acquire a beautifully presented and fully refurbished Mediterranean restaurant, finished to a high standard throughout. The business has built a strong reputation for its authentic cuisine, excellent customer service, and catering for weddings, corporate events, and private functions.
The restaurant accommodates approximately 50 covers and extends to approximately 950 sq. ft., comprising a spacious dining area, fully fitted commercial kitchen, preparation area, cold storage, wash area, and customer facilities.
The premises are offered in excellent condition, allowing an incoming operator to commence trading immediately without further investment.
Additional Potential:
Scope to create a shisha lounge at rear by using the kitchen space, subject to obtaining the necessary planning permissions.
OVERVIEW:
Well-established and highly rated locally, the business benefits from a dedicated website for online orders and reservations. The restaurant is particularly popular for family gatherings, celebrations, and private functions.
The current owner is selling due to retirement and family commitments.
USE: E Class / Restaurant Use with Full Alcohol Licence.
BUSINESS: Turnover exceeding £4,000 per week.
RENT: £24,000 per annum.
BUSINESS RATES: Approximately £5,000 per annum.
TERMS: A new lease under Landlord Tenancy act will be issued for 15–25 years, subject to contract.
BUSINESS HOURS: Currently trading 7:00am – 10:00pm, 7 days a week.
Licence in place permitting trading until midnight.
POTENTIAL:
Excellent scope to increase turnover through extended opening hours, takeaway introducing new cuisine at night time, dark kitchen operations, and menu expansion.
PARKING:
One allocated parking space plus extensive customer parking nearby.
PREMIUM:
Offers invited in the region of £95,000 plus SAV for the goodwill, fixtures, fittings, and equipment.
FIXTURES & FITTINGS:
Fully equipped commercial kitchen including ovens, grills, pizza machine, refrigerators, freezers, chillers, dishwasher, bar counter, cold storage, and associated catering equipment
Call now for further details and to arrange a viewing.
Tenure: Leasehold
Reference: CS0789
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.
