Popular Caribbean Restaurant in London

Walthamstow, London
REF: R07606

Asking Price:
£96,000
Annual Turnover:
£300,000
Annual Net Profit:
TBC
REF: R07606

Overview

Tenure:
Leasehold
Established:
2016
  • Loyal customer base​
  • ​Spacious premises​
  • ​Equipment included​
  • ​Superb reputation​
  • ​Huge growth opportunity​

​The business for sale is a thriving Caribbean restaurant, which has been specialising in delicious and filling Caribbean cuisine since 2016.​

Serving a wide range of dishes including fried plantain, dumplings, jerk chicken and curry goat, the restaurant has acquired a fantastic reputation and a loyal base of customers who return regularly for their favourite dishes.​

A new owner could take full advantage of the business’s well-equipped, central premises to take the restaurant to the next level.

Operating from a glass fronted premises on a busy high street in Walthamstow, the restaurant has space to accommodate 26 covers. Towards the back is a serving and display counter, with toilet facilities to the left and a fully-equipped kitchen beyond. All equipment such as a Bain Marie, ovens, fridge, freezer, kettle, microwaves, blender and more are included in the sale.

The restaurant operates an attractive website displaying its menu and contact details. It is also present on Deliveroo and Just Eat, affording it great exposure and increased sales.

Ideal for a current owner-operator of an established eatery, or someone well-versed in Caribbean cuisine, a new owner could take steps to grow the restaurant.

A stronger push on marketing through social media platforms would be a great way to boost sales and attract new customers to the restaurant. Extending opening hours past 9pm throughout the week would also allow for late night trade. Proving an external catering service for events could also increase takings.

The current owner would be happy to stay on for a one month transitional period to provide a smooth handover.

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  • On-site and nearby car parking
  • Great transport links
  • City centre location
  • Residents close by
Rent
£20,500
Rates
£0
Lease Term
15
Lease Expiry
12 years remaining, recently had a review.
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

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