Restaurant for sale

ITALIAN RESTAURANT A3 ? A5 FULLY LICENSED/NORTH LONDON WIITH UPPER PARTS/REF NO: 24337


£800,000
S.O.A.

Description


LOCATION: The premises located on the main road and busy shopping streets with plenty of retail stores, school, and posh residential location. Situated near to Underground Station (Zone 3) and bus stop making it easily accessible location and off street car parking.

DESCRIPTION: Beautiful ambiance and serving authentic Italian Cuisine, an opportunity to acquire this newly established restaurant business serving high-quality authentic Italian food.
The restaurant benefits of 180 covers serving on a floor area of 2500 sqft, spreader over in 2 floors, basement storage, air conditioning system, Central Heating System, licensed bar area, the restaurant has a fully fitted kitchen with preparation area and washing area of about 350 sqft, toilets, disable toilet, cold storage & rear fire exit and 3 bedroom flat upstairs.

Overview: The restaurant is very famous in the area and has got good online ratings for food and service. Business got its own dedicated website for online ordering and reservations and also registered on Ubereats and Justeat. The Restaurant is highly recommended for functions and family gettogethers.


USES: A3-A5 with an alcohol serving license
BUSINESS: T/O: £25,000 per week

RENT of Premises with Flat: £85,000 P.A.
Rental Income from the Flat: £30,600 P.A.
RATE: £51,000P.A.

TERMS: Leasehold: 24 years remaining with rent review every 5 years. (Renewable lease)
PREMIUM: £800,000 for the goodwill for the business and fixtures & fittings.
Fixtures and Fittings: 3 Level Electric Oven Grill, Dishwasher, Dish warmer, 4 Large Fridges, 2 Freezers, Induction 4 Burner Electric cooker, Ice froster, Walking fridge, 400 ltr Boiler.

BUSINESS HOURS: Sunday To Thursday:12.00 to 11.00 p.m.
Friday And Saturday: 12.00 to 11.30 p.m

Categories

Restaurants
Property reference
CP987241_24337