Bustling Mediterranean Restaurant in North West London

Kentish Town, London
REF: R07619

Asking Price:
£350,000
Annual Turnover:
£350,000
Annual Net Profit:
TBC
REF: R07619

Overview

Tenure:
Leasehold
Established:
2008
  • Excellent reputation
  • Loyal customer base
  • Recently refurbished premises
  • Friendly, professional team
  • Strong supplier relationships

The business for sale is a popular, bustling restaurant serving Mediterranean cuisine to the people of North West London.

Winners of the TripAdvisor Certificate of Excellence in 2018, the restaurant has gained a fantastic local reputation for their delicious food and impeccable customer service.

With a strong online presence, the business has over 1,300 followers across their social media pages and over 200 ‘Excellent’ reviews. Making full use of current technology, the business also runs a fully functional website complete with online booking system for their customer’s convenience.

Operating from a modern, spacious premises with a full alcohol license, the business is offered on a leasehold basis. Current rent is set at £66,000 P/A with a remainder of 15 years on the current lease.

Customers enter straight from the high street, with access to the main seating area on their right hand side. A large, modern a dining room – customer toilets can be found to the rear, alongside access to a small garden area with beautiful, scenic views.

The business benefits from a second dining area currently used as a private function room. Found to the left as customers enter, this are has been used to host a variety of events and parties.

The property also contains a well-equipped kitchen as well as a good-size basement (currently used for storage and office space).

Included within the sale is a variety of cooking equipment, as well as stock with an approximate value of £10,000.

The vendor has advised they would be willing to stay on for a transitional period, should a new owner require it.

This business would be a fantastic opportunity for an experienced chef or restaurant owner looking for a profitable enterprise in a prime location. It would also make an excellent bolt on for an individual looking to build on an existing portfolio.

Already well established on social media, further advertising through these channels could see the business’s customer base grow even further.

Increased focus on the booking of the function area could also see an increase in profits.

Loading...
  • Parking nearby
  • High-street location
  • Good transport links
  • Located in city centre
  • High level of footfall
Rent
£66,000
Rates
£12,000
Lease Term
20
Lease Expiry
15 years remaining
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

Refine

Miles
£
£
£
£
Timed popup