Licensed Restaurant (Middle Eastern Cuisine)

Price:

Leasehold - £109,000

Turnover:

Seller Ref:

CL001211

Location:

London, North London, Holloway

Business Type:

Food Service Businesses

See Other:

Restaurants for sale in London
Food service businesses for sale in London

Description:

THE BUSINESS:

Currently trading as a high class Middle Eastern Restaurant for the past 18 months with a restaurant has been trading on this site for many years. In the short time trading with current cuisine the business has built up a fine reputation with excellent reviews in Timeout and Evening Standard. Business also benefits from full premises license open till 2.30am weekends and 1.30 am weekdays.

Advised turnover £4,000-£5,000 per week working on a gross profit of c65%.

Location Details:

located in a busy arterial road running through North London. Close to Underground Station, hospital and many shops nearby.

Lease Terms:

9 years remaining on lease (2012). Advised within the Landlord & Tenant Act but lease unseen by Adams & Co. Rent £20,000 per annum. Rates c£7,000 pa

Trading Hours:

7 days Lunch & Dinner