Gourmet Burger Restaurant in North London For Sale

Situated in a parade, excellent trading position, opposite Southgate Underground Station, NORTH LONDON

Turnover £ 13,500
Price £250,000

Features

Gourmet Burgers Restaurant

Tables and chairs providing seating for 26 People

DOUBLE FRONTED RESTAURANT PREMISES in the region of 1,145 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with spot and track lighting, sales counter, EPOS till, 2 x LED Menu Boards, 2 self service ordering terminals, CCTV system (10 cameras, 1 monitor).

Open plan kitchen area with stainless steel extractor unit, grill, 2x deep fryer (2 pan), deep fryer, fridges, freezers, stainless steel preparation table, dishwasher (commercial), .

Stock room.

Toilet with w.c. and wash hand basin..

Staff Toilet with w.c. and wash hand basin.

Small Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £13,500 p.w. with a Gross profit of 65% approx. (70% via portals)

Staff

The business is at present operated by the Staff with 4 full time & 6 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 11am - 11pm

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £27,000 p.a.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote