Cockfosters Restaurant For Sale
Price:
Leasehold - £175,000
Location:
Middlesex , Stanmore, Harrow
Business Type:
Food Service Businesses
The premises is arranged over the ground floor within an approximate area of 1,386 sq ft. The ground floor trading accommodation provides good open plan space with a gallery kitchen comprising all new equipment. The recently refurbished restaurant is fitted to a very high standard in contemporary neutral decor with new floor tiles and recessed lighting with a well appointed two tiered seating area. The internal area comprises: open display kitchen, a full length dining room and bar with newly refurbished tiled male and female toilets and fire exit at the rear. On the lower ground floor is a fully equipped kitchen with cold room/walk in freezer and preparation area. There is a rear access road with 2 car parking for the owner.
THE BUSINESS
The recently established business serves a variety of authentic Greek cuisine and desserts with a wide selection of wines. The premises currently operate under an A3 user class with an alcohol license and late trading hours.
The premises would be ideal for a new or an experienced operator to start trading immediately. The opportunity exists for an incoming purchaser to build on this turn-key operation and introduce a takeaway or delivery service. The owner has informed that the weekly takings are increasing. Due to other ongoing business commitments the owner has now decided to sell the business.
TRADING INFORMATION
Our client has advised that the business currently generates a gross weekly turnover of £10,000 and this is increasing on a weekly basis.
The restaurant occupies a highly prominent position in Cockfosters benefitting from custom from a large affluent residential area and from nearby offices. The premises is located opposite to the Cockfosters Underground Station (Piccadilly Line).
We have been advised that the premises is held on a 15 year lease with 12 years remaining. The annual rent passing is £40,000. We have been advised by the owner that the lease is within the act and renewable at the end the term. Formal rent reviews are conducted every 5 years.
BUSINESS RATES
We have been advised by our client that the rates payable is £8,000 business rates payable for this unit. This is to be confirmed with the council.
The business currently trades:
Mon-Sun 5:00pm –10:30pm
1:00pm – 10.30pm
Licensed to
The first and second floors comprises a 3 bed self contained flat with a kitchen, lounge and W/C and bath with separate access at the back of the building.
North Yorkshire
£ 750,000
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Business Services that may be of Interest:
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