Restaurant and coffee shop for sale in Wood Green London with open lease and 62 seats
Wood Green, London
- Status
FOR SALE
- Advert ID
644291
- Leasehold: £130,000
- Rent: £22,000 (£1,833 per month)
- Turnover: £260,000 (£5,000 per week)
- Profit: Not Applicable
Business Details
Mediterranean Restaurant for sale in Wood Green London
We are excited to offer a wonderful opportunity to acquire a well-established restaurant and coffee shop, which has successfully operated for seven years. This thriving business has demonstrated impressive financial performance, with a weekly turnover ranging from £5,000 to £7,000, indicating its strong position in the market and ample potential for further growth.
Located in an enviable position, the restaurant benefits from excellent street visibility, consistently attracting significant foot traffic. The venue boasts a spacious seating capacity of 62, featuring a modern, stylish interior enriched with ambient lighting that creates a welcoming atmosphere for diners. The flexible seating arrangement accommodates a variety of group sizes and dining experiences, catering to a diverse clientele.
The fully equipped kitchen is fitted with high-quality stainless steel appliances and provides ample storage space, ensuring smooth operational efficiency. Additionally, clean and well-maintained restrooms contribute to customer convenience and satisfaction, enhancing the overall dining experience.
Regarding financial commitments, the annual rent for the premises is £22,000, with an additional £4,000 in business rates each year. This leasehold opportunity is available at an asking price upon request, and the business currently generates an annual turnover of £260,000.
Comprehensive Business Details
This well-managed establishment comes with essential fixtures and fittings included in the sale price. The current owner, who has successfully run the business for the past seven years, is considering a sale for personal reasons. The restaurant employs three experienced staff members, ensuring effective management of day-to-day operations.
Support for New Owners
The seller is committed to facilitating a smooth transition and will offer training opportunities for the new owners, ensuring a seamless handover and ongoing success for the business.
This Mediterranean restaurant, located in Wood Green, London, is a prime leasehold opportunity available at an asking price upon request. The annual rent is £22,000, and all existing stock is included in the price.
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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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Don't 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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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.
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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.
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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.'.
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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.
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