Barnet High Street Restaurant with Large Garden and Shisha Potential for Sale
Barnet, London
- Status
FOR SALE
- Advert ID
629206
- Reference
RPS-22049_BARNET_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £280,000 (Stock at valuation)
- Rent: £72,000 (£6,000 per month)
- Turnover: £468,000 (£9,000 per week)
- Net Profit: Not Applicable
Key Features
- Prime Location
- Potential for Alternative Use
- Town Centre location
- Close to Local Amenities
- Fully Fitted
Business Details
Restaurant for sale in Barnet
Fully Fitted Restaurant for sale in Barnet with Large Garden.
Property ID: RPS-22049
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN FEATURES
- High street location
- Large garden offering potential Shisha business (STPP)
- Total area: Circa 2,441.03 Sq. Ft (ground floor & basement)
- Kitchen in the basement with food lift in place
- Gas & extraction in Place
- Benefits from premises licence
- Currently closed
LEASE DETAILS
- Lease Ending: Dec 2048 (Inside LTA 1954 Act)
- Current Rent: £72,000 PAX
- Rent Review Term: 4 years
- Next Rent Review: April 2026
- Premium: £280,000 (Lease and Fixtures & Fittings)
PREMISES
- Ground Floor: Circa 1467.76 Sq. Ft
- Basement: Circa: 973.27 Sq. Ft
- Circa 76 Covers with Large Outdoor Seating
- Fully Fitted Commercial kitchen in the basement
- Food Lift in Place
- Gas & Extraction in Place
- 3-phase Electric Power Supply
- Benefits from Premises Licence
- Permitted Hours: Mon-Thu: 11-12am | Fri-Sat: till 2am
- Business Rates: Circa £11,477/annum (Rateable Value: 23,000)
THE BUSINESS
- Currently Closed
- Gross Revenue: We have been informed that the business generated gross revenue of circa £468,000 per annum (£8,000 - 10,000/week) prior to closing.
- Our client traded business for a very limited period and due to personal issues, he has decided to sell it.
THE LOCATION
- Barnet
- High Street Location
- Immediate units occupied by independent retailers
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are 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 is issued without responsibility on the part of the firm therefore is 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.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
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