32Covers Restaurant for Sale in Church Street, Stoke Newington with weekly turnover of £8,000 & Premises Licence
32Covers Restaurant for Sale in Church Street, Stoke Newington with weekly turnover of £8,000 & Premises Licence
Overview
Description
Restaurant for Sale in Church Street, Stoke Newington. Circa 796 Sq. Ft
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.
Leasehold Terms:
Is this business relocatable:
Is this business home based:
Is accommodation included:
Is this In administrative/receivership:
Is stock included:
Website address:
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