Stoke Newington Church Street, London, N16
£150.75 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
796 sq ft
74 sq m
- SECTOR
Restaurant for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes
A3
Key features
- LEASEHOLD ASSIGNMENT AND BUSINESS FOR SALE
- Well established neighbourhood restaurant (8+ years trading)
- Critically Acclaimed Restaurant
- Excellent Reputation
- Premises Licence in Place
- Weekly turnover of circa £8,000 (only open for dinner service Tue to Sat)
- Circa 32 covers
Description
MAIN FEATURES
Well established neighbourhood restaurant (8+ years trading)
Critically Acclaimed Restaurant
Excellent Reputation
Premises Licence in Place
Weekly turnover of circa £8,000 (only open for dinner service Tue to Sat)
Circa 32 covers
LANDLORD'S REQUIREMENTS
Personal Guarantor Required
3-6 Months Rent Deposit Subject to References
Accountant's references
Trade references
LEASE DETAILS
Lease: Ending November 2027 or Option of New Lease (Inside the Act of 1954)
Rent: £30,000 PAX reviewed every 4 years
Next Rent Review: November 2027
Premium: £120,000 (Business, Lease & FF&E) + SAV
THE PREMISES
Circa 796 sq. ft
32 Covers Restaurant
Fully Equipped Commercial Kitchen
Gas & Extraction in Place
Premises Licence in Place
THE BUSINESS
Trading for 8 years with solid customer base and reputation
We have been informed that the restaurant generates gross revenue of circa £416,000 per annum (£ 8,000/week).
Current Opening Hours: Tue - Fri (6pm-10pm) & Sat (12:30pm-3:30 pm & 5pm-10 pm) .
We have been informed that the restaurant have Head chef, Full-Time Sous Chef and Part-Time Sous Chef, Manager, Assistant Manager and Part-Time Waiter/Waitress
THE LOCATION
Church Street, Stoke Newington, N16
Vibrant neighbourhood
Several independent cafes & restaurants making it a vibrant eatery destination
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the "Confidentiality" requested by the client and must have proof of funds to meet the premium and landlord's requirements.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
About Restaurant Property Sellers, Ealing
Suite 107, Boundary House, Boston Manor Rd, Ealing, United Kingdom, W7 2QE
We specialise in selling freehold hospitality properties and leasehold businesses ranging from an independent cafe to hotels. Whether you are a commercial landlord thinking of leasing or selling your freehold commercial property or a food business owner looking to sell your business, we can help.
Our team has a combined experience of over 15 years in the hospitality sector along with data driven Digital Marketing industry, which allows us to reach the right buyers as well as commercial
Notes
Disclaimer - Property reference STOKE_NEWINGTON_RESTAURANT. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Restaurant Property Sellers, Ealing. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.