Profitable Haggerston restaurant & bar – available individually or as part of group sale

CONFIDENTIAL – STAFF UNAWARE

NEWLY DEVELOPED RESTAURANT LEASE / BUSINESS OPPORTUNITY

HAGGERSTON, LONDON, N1

Please note the premises currently trade as part of an established London restaurant group with additional sites in Bethnal Green, Elephant & Castle and Brixton.

The preference is to sell the business as a whole, to include the trading brand and the four London sites at Elephant Park, Bethnal Green, Haggerston and Brixton. However, our client is open to considering offers for different iterations of the business and/or individual sites.

The Haggerston premises may therefore be available either as part of a wider business acquisition or individually by way of lease assignment. If acquired on an individual leasehold basis, the trading brand would be excluded and any incoming operator would be required to rebrand and trade under their own concept, subject to landlord consent.

For further details of the group sale and associated financials please contact [email protected]

SUMMARY

• Low passing rent of £24,500 pax
• Approx. 40 covers plus external seating
• EBITDA in excess of £90,000 per annum
• Full kitchen extract, gas, 3-phase electrics & premises licence
• Turnover in the region of £1m per annum with strong delivery trade
• Available as part of a wider business acquisition or individually by way of lease assignment
• Staff unaware — strictly confidential
   

LOCATION
Situated in a highly desirable waterside East London neighbourhood, the premises benefit from strong local and destination footfall together with a vibrant surrounding hospitality scene. The area is particularly popular with young professionals and benefits from excellent connectivity via the Overground network.

The immediate vicinity comprises a strong mix of independent cafés, restaurants, bars and creative occupiers, helping drive consistent daytime and evening trade throughout the week.

DESCRIPTION
The premises provide approximately 40 internal covers together with valuable external seating which significantly enhances summer trading performance.

Accommodation

Ground floor – approx. 750 sq ft

Capacity

Internal Covers: Approx. 40

External Seating – 20 covers

Business
We are informed that the business generates annual turnover approaching £800,000 per annum and benefits from particularly strong profitability relative to occupancy costs, generating EBITDA in excess of £90,000 per annum.

The business trades seven days per week and benefits from strong local repeat custom together with excellent online reviews and delivery ratings.

The opportunity is available either as an ongoing business sale including the benefit of the existing trading operation, goodwill and fixtures & fittings, or alternatively on a leasehold basis with or without the existing brand, subject to terms.

Premises License

The license permits the sale of alcohol from 10am-11pm throughout the week.
 

Lease

Available by way of an assignment of the existing lease from July 2025, expiring in July 2037 at a passing rent of £24,500. The lease is subject to tenant only break options in 2030 and 2034 and rent reviews in 2029 and 2033. The lease is held outside of the Landlord & Tenant Act 1954. 

 

Service Charge

£3,000 per annum

Premium

Offers in excess of £100,000 to include all fixtures and fittings, lease, license and goodwill.