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East Finchley Large Restaurant and Fish & Chip Takeaway with 4-Bed Flat for Sale

East Finchley, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    11/07/24

  • Advert ID

    614199

  • Reference

    RPS-20554_EAST_FINCHLEY_RESTAURANT / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £245,000 (Stock at valuation)
  • Rent: £60,000
  • Turnover: £780,000 (£15,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • Fully Fitted
  • Adjacent to Multiple Retailers
  • Close to Local Amenities
  • Established Business
  • Prime Location
  • Potential for Alternative Use
  • Large Business for Sale

Business Details

Large Restaurant for Sale in East Finchley with a Separate Fish & Chip Takeaway, 4 Bed Flat Included

Large Restaurant with a Separate Fish & Chip Takeaway Unit. 4-Bed Flat Included

Property ID: RPS-20554

MAIN FEATURES

  • 4-Bed Flat Included (Potential rental income of £3,200 per month)
  • Circa 80 Covers Restaurant & a Separate Takeaway Unit
  • High Footfall and Great Visibility
  • Circa 1872 Sq. Ft with 80 Covers
  • Gas and Extraction in Place

LANDLORD’S REQUIREMENTS

  • 3-6 Month’s Rent deposit subject to references
  • Personal Guarantor subject to references
  • Proof of funds

LEASE DETAILS

  • Lease: Ending 2041 (Inside the Act of 1954)
  • Rent: £60,000 PAX
  • Rent Review Term: Every 5 years
  • Next Rent Review: 2027
  • Premium: £245,000 (Business, Lease & FF&E) SAV

THE PREMISES

  • Circa 80 Covers Restaurant
  • Circa 1872 Sq. Ft
  • Separate Takeaway Unit
  • Payable Business Rates: Circa 19,086/annum (Rateable Value: 38,250)
  • Fully Equipped Commercial Kitchen
  • Current Opening Hours: Sun– Sat(11:30 am – 10:00 pm)
  • Gas and Extraction in Place

THE LOCATION

  • East Finchley N2
  • 0.2 miles to East Finchley

TRADING & FINANCIALS

  • Gross Sales Revenue: We have been informed that the restaurant generates gross revenue of circa £780,000 per annum (£15,000/week).
  • Our client currently manages the restaurant with 5 Full-time Staff, 2 Part-time Staffs.

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.

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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.

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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.

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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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The data showed regarding this advert 'Large Restaurant for Sale in East Finchley with a Separate Fish & Chip Takeaway, 4 Bed Flat Included - RPS-20554_EAST_FINCHLEY_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.