High End Restaurant in North West London

Hampstead, London - North West
REF: R07647

Asking Price:
£250,000
Annual Turnover:
£520,000
Annual Net Profit:
TBC
Recently Sold
REF: R07647
Photo of High End Restaurant in North West London
Photo of High End Restaurant in North West London
Photo of High End Restaurant in North West London
Photo of High End Restaurant in North West London

Overview

Tenure:
Leasehold
Established:
2018
  • Excellent reputation
  • Spacious premises
  • Events hosted
  • Recently refurbished
  • Friendly, professional team

The business for sale is an extremely high-end, popular restaurant located in Belsize Park in North West London.

Currently owned and managed by a talented, Cordon Bleu trained chef, the business has built an amazing reputation for their delicious food and outstanding customer service since establishment in 2018. Offering a selective menu of freshly cooked dishes, the business also takes advantage of delivery services such as Deliveroo and UberEats.

Operating from a tastefully decorated, recently renovated premises, the restaurant can seat up to 75 covers at any one time. Offered on a leasehold basis, rent is payable at a rate of £82,000 P/A with a remainder of 23 years on the current lease.

Located in Belsize Park in North West London, the business is ideally placed to take full advantage of high levels of footfall and passing trade. Split over two floors, the business premises boasts an impressive interior with seating for up to 75 covers.

All of the relevant fixtures and fittings are to be included within the advertised sale price, including; a fully equipped, state of the art kitchen, tables, chairs, bar, walk in fridge & freezer, dry stock room, Josper Oven, Charcoal Grill, 2 metre showroom fridge, Alcohol room, cutlery, and crockery, POS system and more. There is also planning permission for a roof terrace.

The current owner has advised they would be willing to stay on for a transitional period - should a new owner require.

This would be the perfect opportunity for an experienced restaurateur looking for an eatery with an already established reputation in the area. Best suited to a passionate individual looking for a hands-on business venture, a new owner would be equipped with everything they need to hit the ground running.

Already running successful accounts on Facebook and Instagram, an increased focus on social media marketing could see the business grow even further - allowing them to reach out to new customers from further afield. The business could also see potential growth through developing their own website further, perhaps by introducing an online booking system and even allowing customers to place orders for delivery directly - increasing profit margins.

Features

Online Presence

Location

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  • Nearby car parking
  • Residential area
  • City centre location
  • High footfall
  • Close to local businesses

Property

Annual Rent
£82,000
Annual Rates
£33,000
Lease Term (Years)
25
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
TBC

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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