Restaurants for sale in City of London

View the "La Fabrica London N8 9DB" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £169,995 Price Reduced Turnover: £415,000
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Business Description
Business
Hilton Smythe welcomes to the market La Fabrica, Crouch End.

La Fabrica was founded by the current owner over five years ago and has been a real labour of love and a dream come true for him.

The business is now being sold albeit reluctantly because of a change in personal direction.

La Fabrica is a modern Spanish restaurant that offers an authentic Spanish dining experience, providing dishes such as; Salchichon Iberico De Bellota (Iberian pork salami), Lomo Iberico De Bellota (Iberian pork cured loin), Patatas Bravas O Alioli V (Fried potatoes with candy of chilly and paprika foam), Calamares Fritos (Fried squids with alioli), Gambas Pil-pil (Fresh tiger prawns, pil pil style) and a variety of Tapas.

An array of cheeses are also on offer, as well as a variety of spanish desserts, there is also an impressive alcohol/wine selection for customers to choose from.

The business labels all their food with an intolerance information key, allowing customers to make well informed decisions when ordering their food.

La Fabrica, Crouch End, is dominantly a family restaurant, attracting families from the local area as well as passing traffic due to its superb location.

The sale will include a quality website, Facebook page and brilliant reviews on TripAdvisor where they boast an impressive 85% of reviews being ‘Very Good’ or ‘Excellent’!

Scope to Improve;
• New advertising and marketing campaign.
• Maximise the use of social media.
• Extend the opening hours to include daytimes Monday – Friday.
• Explore online discounters such as Wowcher and Groupon.
• Investigate delivery services such as Hungry House, Just Eat and Deliveroo.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
La Fabrica, Spanish restaurant, is located along the Broadway Parade in Crouch End, North London in the London Borough of Haringey. The premises is situated on a parade of shops and a busy road which allows excellent visibility to passing traffic.

Customers can also benefit from convenient metered street parking directly outside the restaurant.

Crouch End lies between Harringay to the East, Hornsey, Muswell Hill and Wood Green to the North. Stroud Green and Archway to the South and Highgate to the West.

La Fabrica lies between the mainline train stations of Highgate and Crouch Hill, with the closest tube stations being Turnpike Lane which is on the Piccadilly Line and Highgate which is on the Northern Line.

Alexandra Park is within 5 minutes walking distance from La Fabrica.

Premises
Front of property
There is potential outside space for approximately 2 tables and 4 chairs.

Ground floor
As you enter the premises you are greeted with a warm rustic feel to the restaurant, being recently and tastefully renovated with worn wood panel walls and pinch tuck backrests and designer upright radiators.

There is seating for 62 customers to the front of the restaurant with customer toilets to the right hand side and a bar area to the rear which leads through to the kitchen area.

Bar area
Includes the Iberital Coffee Grinder, BFC Coffee Maker, till system and drinks chiller.

Kitchen includes
Imperial oven with 6 burner, BBQ griddle, stainless steel upright fridge, stainless steel upright freezer, 2 microwaves, extraction hood and dishwasher.

Staff toilet and storage facilities.

Basement
Further storage space (same size a ground floor restaurant).
The restaurant also benefits from: CCTV, seating, air conditioning and fire alarm.

Area: 120 Meter Squared

Tenure
We are advised the business is being sold as a Leasehold opportunity, original length of lease was 20 years with 14 currently outstanding.

Payable rent and business rates to be confirmed.

Hours
Monday-Friday: 18:00 - 23:00
Saturday: 12:30 - 23:00
Sunday: 12:30 - 22:30

Staff
The business is run and managed by our clients who work here 50% of the time along with 9 full-time/part-time members of staff.

Financial Profile
La Fabrica, Crouch End generated an advised turning over of approximately £415,000 in 2017, with a gross profit of 54%.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04300
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