Established French Restaurant in London

St John's Wood, Greater London
REF: 03907

Asking Price:
£325,000
Annual Turnover:
£500,000
Annual Net Profit:
£45,000
Reduced
REF: 03907
Photo of Established French Restaurant in London
Photo of Established French Restaurant in London
Photo of Established French Restaurant in London
Photo of Established French Restaurant in London

Overview

Tenure:
Leasehold
Established:
1979
  • Wide Variety of Products & Services
  • Excellent Reputation
  • Huge growth potential

This is a brilliant opportunity to acquire a long running restaurant which has gained a stellar reputation for providing a wide range of traditional French food to its local population.

Having garnered a large base of customers, this business has experienced consistent growth year on year and has generated high yearly revenue through keeping overheads low.

Having nurtured the business since its inception in 1979, the current owner is seeking retirement and is looking to pass on the business to a motivated individual.
With firm foundation set, it is now primed for additional expansion.

Serving a wide range of traditional French dishes, this business has garnered first class reviews from its customers which has further help cement its reputation as a high-quality restaurant, which also offers a takeaway service.

By employing a variety of qualified staff members, the business has repetitively guaranteed an excellent food and customer service and attracted regular and repeat patronage.

It functions from a sizeable three-storey building which features clear and vibrant exterior signage. Internally, the premises features a spacious restaurant area which can accommodate 44 people. There is a seated terraced area to the front and a basement which features a well-equipped kitchen.
The two upper level floors are comprised of two self-contained flats which provide ample living accommodation and could potentially generate rental income for the new buyer.

Intelligent are delighted to bring to the market a well-known, first-rate restaurant, favoured by locals for its superb menu options and high quality customer service.

A new owner looking to develop this business further could implement a number of changes which would greatly benefit the trade. Firstly, increasing the menu options and regularly offering special dishes and foods would attract more patrons looking to try new combinations. Hiring more staff members would allow the business to handle more orders and would allow it to introduce a home delivery service. With a larger workforce, the business could seek to deliver food further afield and would be able to target a wider customer base.

Offering the flats above the restaurant to rent would help the business generate higher income.

Features

Online Presence

Website: none

Location

  • High Footfall

Property

Annual Rent
£45,000
Annual Rates
£16,000
Lease Term (Years)
20
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating

Financial & More

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

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