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Caribbean Restaurant And Takeaway In Greater London For Sale

Tottenham, London
Asking Price:
£145,000 Furniture / Fixtures included
Turnover:
£260,000
Net Profit:
Available on request

Established Since 2008
Annual Turnover £260,000
Gross Profit £117,000
60% Takeaway, 20% Deliveries, 10% Eat In & 10% Outside Catering
Seating for 24 Customers
Run Under Management
Minimal Owner Involvement
EPC - C

REF 6056 – Leasehold Caribbean Restaurant & Takeaway

Blacks Brokers are proud to bring to the market this leasehold Caribbean Restaurant & Takeaway located in a busy and much sought-after area of Tottenham, Greater London.

INTRODUCTION

Too Sweet has been trading on High Road since 2008 with our client in ownership since 2013. The business has gained a large and loyal customer base and a most enviable reputation. The restaurant offers a good range of high quality Caribbean food choices in house along with catering services for events.

LOCATION

Situated in a high-profile trading position on the High Road in South Tottenham in North London. This area is busy and well populated both residentially and commercially. Close to South Tottenham station is close by and parking is available in the immediate area.

REASON FOR SALE

Too Sweet is only being offered for sale due to our client’s other business commitments.

LEASE

The building is available on a competitive rent on an Internal Repair Only lease (IRO lease). The current lease is 15 years and began in 2017 at a cost of £390 per week.

BUILDING LAYOUT AND DESIGN

Too Sweet is housed within the ground floor of a large, corner unit at the end of a busy parade of shops and businesses.
The restaurant is very well presented externally with lovely signage and wooden cladding to both sides of the unit.
Inside, the customer service counter runs down most of the length of the restaurant which includes hot display units. The customer seating area is well spaced and offers seating for 24. The space has tiled flooring throughout, modern lighting and is very well finished with good attention to detail.
To the rear is a fully equipped kitchen, food preparation area and storage space.

STAFF

Too Sweet is currently operating with seven members of staff in employment, 5 full time and 2 part time. The current owner does not work at the business.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Too Sweet has traded solidly over its trading history. The business generates an annual turnover of £260,000 with gross profits of £117,000.

SUMMARY

This is a very well-presented and extensively equipped business in an ideal trading location in North London that is very profitable and has a very good local reputation. Current takings are approximately 60% from takeaway orders, 20% deliveries, 10% eat-in and 10% outside catering. There is much scope for expansion of the catering services, deliveries and also the new owners could possibly change this into a bar if desired.
This proposition would ideally suit an owner operator team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of interest to a similar business looking for instant expansion in this area.

Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Monday to Sunday 11:00 - 22:00

Contact Information

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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