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Reputable Restaurant For Sale

City of London, London
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  • Leasehold: £69,995
  • Turnover: £130,000 £2,500 Per week
  • Net Profit: Not Applicable

Business Details

Business
Please quote reference B06884

Hilton Smythe is delighted to introduce to the market a busy fine dining restaurant located within Newington Green.

The restaurant was originally founded by our client in 2018, only now does the business reluctantly come to the market due to our client’s personal circumstances.

Our client has worked extremely hard to establish the business. The restaurant boasts an outstanding reputation for offering a fine dining experience with a menu of modern French cuisine of the highest quality.

Trip advisor reviews state ‘Delicious seasonal food. All dishes were executed to perfection and the service made the experience extra special’ and ‘I had the chance to attend this place with some friends and we had the best time!! The food was particularly spectacular, the service was perfect, everything was smooth and easy, just a perfect place to have a great time. Definitely going back’.

The 26 cover restaurant is uniquely styled with bespoke décor and lighting, creating a warm and friendly ambience for diners.

The restaurant holds an alcohol licence and is currently open for evening meals. There is ample scope to expand the current trading hours.  The alcohol licence is from 11am – 11pm

Reasons to buy

  • Ample scope to increase the turnover and expand opening hours
  • High quality equipment and décor
  • Turnkey business
  • Outstanding reputation
  • Located in a highly sought for location with an abundance of footfall
  • Excellent online presence
This is a profitable and ready to walk in business opportunity not to be missed.

The following is included in the sale:

  • Designer furniture
  • Commercial oven
  • Fridges
  • Freezer
  • Stainless steel work benches
  • Stainless steel sinks
The business name is not included in the sale and new buyer will need to rebrand once they have taken over.

Early viewing is highly recommended as our client is hoping for a quick sale.



Location
The business occupies a highly desired trading position within Newington Green

The busy parade of shops provides an abundance of foot fall.

Very few locations offer the charm and personality of Newington Green

There is ample parking within the proximity along with pay and display car parking facilities.



Premises
The premises were renovated in 2018 with bespoke décor and lighting. Located in such an affluent and highly sought for area, the business attracts not only local trade, there are also ample word of mouth recommendations and customers travelling from other towns to visit the restaurant.

Service area 

Open plan restaurant with 26 covers

Kitchen

Fully Equipped commercial kitchen including, fridges, pot wash sink, commercial oven, grill, stainless steel preparation tables, stainless steel sink, ample storage and crockery.

WC 



Tenure
We are advised the business is being sold on a Leasehold basis with 12 years remaining on the Lease, the rent is £20,000 per annum.



Hours
The business trading hours are:

Monday & Tuesday - Closed

Wednesday to Saturday 19:00pm - 23:00pm

Sunday - Closed



Staff
The business is owner run and managed with the help of 1 part time staff member.



Financial Profile
Financial information can be made available upon request.

Please quote reference B06884



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THIS BUSINESS IS NOW UNDER OFFER

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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