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Attractive Restaurant On Seven Sisters Road For Sale

Finsbury Park, London, UK
Asking Price:
£245,000
Turnover:
£520,000
Net Profit:
Available on request

Features

Mediterranean Restaurant located on Busy Parade

IMPRESSIVE & SPACIOUS RESTAURANT with tiled floor and ceiling lighting. Restaurant is equipped a Large stainless steel counter table, 1 till, and 7 LED sign boards. Along with 2 Rotor grills, 2 pan-fryers, 1 Charcoal grill, 1 Pizza oven, 1 Rice cooker, 1 Cooled drink fridge. 5 partition freezer. 2 sink & drainers.

DOWNSTAIRS PREPARATION KITCHEN with tiled floor & tiled walls, 1 6 hob gas, 1 stainless steel preparation table, 1 microwave, 2 Extractor units, 1 meat grinder, 1 kneading machine, 2 walk-in cold rooms, double sink & drainer etc.

Fully tiled toilet each with w.c. & wash hand basin

2 CCTV Cameras

Large storage and stock space.

Seating holds 45 seats in total with capacity to extend to 50 seats.

Size of the Premise - Approx. 1325 Sqft.


Turnover

WE ARE INFORMED the turnover currently is in the region of £10,000 p.w. Delivery channels such as Uber Eats & Deliveroo both active.

Staff

At present operated by the vendor with 4 full-time staff, with the addition of 2 part-time on Match days.

Trading Hours

11.30 a.m. - 3 a.m. - Mon. - Thurs. & Sun.
11.30 a.m. - 4.a.m. - Fri. - Sat.

Tenure

We understand the lease is offered by way of an assignment, and includes a further 16 years, with rent review every five years. The lease has the added benefit of 2 apartments situated above the business, which generate around 25,000 per year (500 per week). We are also informed the Rent is approx. £28,250 + VAT P.A.

Uniform Business Rates: We are informed approx. £2200

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES £245,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT. (Coffee machine is NOT included in Leasehold)

Property Information

Property:

Leasehold

Lease Terms:

We understand the lease is offered by way of an assignment, and includes a further 16 years, with rent review every five years. The lease has the added benefit of 2 apartments situated above the business, which generate around 25,000 per year (500 per week). We are also informed the Rent is approx. £28,250 + VAT P.A.

Uniform Business Rates: We are informed approx. £2200

Lease Rent:
£28,250 per sq ft per annum
Location:

The Restaurant is located on the busy Seven Sisters Road which has access to a high footfall. The Restaurant sees a high increase in Sales during Match days due to large crowds of potential customers travelling to the Emirates Stadium. The buisness also benefits from events that take place inside the park next-door which hosts large funfair's, concerts, and marathons.

Business Operation

Employees:
4

Contact Galaxy Real Estate Finsbury Park

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