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Cafe & Restaurant with Outdoor Seating in Crouch Hill, Finsbury Park for Sale

Finsbury Park, London
Cafe & Restaurant for Sale in Crouch Hill, Finsbury Park. Photo 1
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Cafe & Restaurant for Sale in Crouch Hill, Finsbury Park.
  • Status

    FOR SALE

  • Date Submitted:

    15/05/24

  • Advert ID

    611359

  • Reference

    RPS-20779_FINSBURY_PARK_RESTAURANT / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £180,000 (Stock at valuation)
  • Rent: £30,000
  • Turnover: £468,000 (£9,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • Price Reduced
  • Town Centre location
  • Established Business
  • Fully Fitted
  • High Turnover
  • Trade Gardens Available

Business Details

Cafe & Restaurant for Sale in Crouch Hill, Finsbury Park.

Cafe & Restaurant for Sale in Crouch Hill, Finsbury Park.

Property ID: RPS-20779

The restaurant is ideally located very close to the Crouch Hill Station, boasts excellent visibility and attracts passing trade. It accommodates approximately 45 covers both inside and outside in an area of circa 785 sq. ft.

The business comes with fully fitted commercial kitchen, equipped with gas and extraction facilities, premises license, outdoor seating and 3-phase electricity supply.

MAIN FEATURES

  • Great Visibility and Passing Trade
  • Modern and Premium Décor
  • Circa 785 sq. ft
  • Fully Fitted Commercial Kitchen
  • Gas & Extraction in Place
  • Premises Licence in Place & Outdoor Seating Available
  • Benefits from 3-Phase Electric Power
  • Eligible for 100% rate relief

LANDLORD’S REQUIREMENTS

  • Personal Guarantor Required (Subject to References)
  • 3-6 Months Rent Deposit Subject to References
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease: Grant of New Lease (Inside the Act of 1954)
  • Rent: £30,000 Plus VAT to be reviewed every 5 years
  • Premium: £180,000 (Business, Lease & FF&E)

THE PREMISES

  • Modern Décor & Fittings
  • Circa of 45 Covers ( 15 Covers outside | 30 Covers inside )
  • Circa 785 sq. ft
  • Fully Fitted Commercial Kitchen
  • Gas & Extraction in Place
  • Outdoor Seating Available
  • Benefits of 3-Phase Electric Power
  • Premises Licence in Place
  • Permitted Hours : 10am till 11pm & For Food (8am till 11pm)
  • Eligible for 100% rate relief

THE BUSINESS

  • Gross Turnover: We have been informed that the business generates gross revenue of circa £468,000 per annum (£9,000/week).
  • The current revenue is “without delivery business”, hence an excellent opportunity to improve the sales.
  • Current Opening Hours: Mon – Fri (8am-11pm), Sat (9am-11pm) & Sun (10am-10pm)
  • Our client manages the restaurant with 4 staff members – 1 full time Chef, 1 part time in the kitchen & 2 full time in front of house.

THE LOCATION

  • Finsbury Park, N4
  • 0.8 miles to Harringay

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.

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Contact Agent

Contact the seller for more details, or book a viewing

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

Do not 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 amount 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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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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Disclaimer

The data showed regarding this advert 'Cafe & Restaurant for Sale in Crouch Hill, Finsbury Park. - RPS-20779_FINSBURY_PARK_RESTAURANT / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.