Confidential sale of an established and currently trading Korean restaurant in the popular Angel / Islington area of North London.
The business occupies a well-positioned leasehold premises close to Angel Underground Station, Chapel Market and Upper Street, benefiting from strong residential, office, evening and weekend trade.
The premises are fully fitted for restaurant use and include a commercial kitchen, extraction system, dining area, fixtures, fittings and operational equipment. The business also benefits from a premises licence for the sale of alcohol.
Current annual turnover is approximately £600,000, with further supporting turnover information available to serious and financially qualified purchasers.
The business has an established customer base and online presence and offers an incoming operator the opportunity to continue the existing Korean restaurant concept or introduce another suitable food concept, subject to any required consents.
The proposed sale includes the goodwill of the trading business, fixtures and fittings and the benefit of the existing lease, subject to landlord consent.
The owners are selling as part of a wider restructuring of their business interests and to simplify their current business commitments.
A reasonable handover period can be provided to assist the incoming owner with suppliers, systems and day-to-day operations.
Further financial information, lease details and viewing arrangements are available to serious purchasers on request. The sale is being handled on a strictly confidential basis and interested parties are requested not to approach staff or the premises directly.
Offers invited.
