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Attractive Well Fitted Licensed Restaurant In North London For Sale

Islington, London, UK
Asking Price:
£400,000
Turnover:
£884,000
Net Profit:
Undisclosed

At present Turkish & Mediterranean cuisine

Front area with space for 4 tables & 8 chairs (We understand a Licence Fee of £800 p.a. is payable)

ATTRACTIVE DOUBLE FRONTED RESTAURANT with woodstrip floor, exposed brickwork to walls, ceiling with spotlighting plus hanging lighting. 2 air conditioning/heating units. Seating 40. BAR SERVERY. The equipment includes 2 group coffee machine, coffee grinder.

OPEN PLAN KITCHEN AREA, stainless steel extractor plus stainless steel cladding to walls, 6-burner gas cooker with oven, double deep fryer, 4 double door stainless steel counter fridges, 2 sinks.

Ladies'/disabled cloakroom with w.c. & wash hand basin

Gentlemen's cloakroom with w.c. & wash hand basin

Stairs to BASEMENT. LARGE KITCHEN/PREPARATION ROOM. 2 walk-in coldrooms, 1 chest deep freezer, double sink

LOCATION: Excellent trading position, NORTH LONDON

TURNOVER: WE UNDERSTAND the restaurant commenced trading as Turkish/Mediterranean cuisine approximately 1 year ago & we are informed the turnover currently is in the region of £17,000 p.w.

STAFFING: The restaurant is at present operated by the vendor with the assistance of her husband (who is a chef) plus 1 full time chef. In addition in the kitchen there is 1 full time & 1 part time staff for preparation. Restaurant area 4 full time waitresses.

PRICE: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £400,000 plus STOCK AT VALUATION

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

ADDITIONAL INFORMATION AVAILABLE INCLUDING; RENT, LEASE TERMS, OPENING HOURS, BUSINESS RATES AND REASON FOR SALE VIA THE 'CONTACT BROKER' BUTTON

Property Information

Property:

Leasehold