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60 Covers Restaurant And Cafe In Palmers Green For Sale

Palmers Green,London,UK, ID 138323

Asking price:
GBP £55 000
Turnover (per year): £260 000 gbp
Owner
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122 business for sale

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Description

Restaurant and Cafe Opportunity on Palmers Green High Street

North London, N13

Proof of Funds

To comply with the seller’s confidentiality requirements and meet the landlord’s conditions, all prospective purchasers must be able to provide proof of funds prior to arranging a viewing.

Overview

This is an opportunity to acquire a restaurant and cafe business located on Palmers Green High Street, a busy retail and dining destination in North London. The business has been reduced to encourage a swift sale, with realistic offers invited.

The premises benefit from close proximity to national brands such as McDonald’s, KFC, and Morrisons, which help drive steady footfall throughout the day and evening. The existing layout and infrastructure make the unit suitable for a wide range of food concepts including cafes, casual dining, and takeaway-led operations.

Key Highlights

  • Reduced for a quick sale with offers invited
  • High street position with consistent passing trade
  • Close to national retailers including McDonald’s, KFC, and Morrisons
  • Arranged over ground floor and basement
  • Outdoor seating area supporting additional capacity
  • Gas supply and extraction system installed
  • Flexible layout suitable for cafe, takeaway, or restaurant use

Premises Details

  • Total area: approximately 1,038 sq. ft
  • Ground floor: approximately 653 sq. ft
  • Basement: approximately 385 sq. ft
  • Total covers: approximately 60
  • Indoor covers: approximately 20
  • Garden covers: approximately 40
  • Gas and extraction: in place

Lease and Commercial Terms

  • New lease to be granted (terms to be agreed)
  • Rent: ?18,000 per annum
  • Premium: ?55,000 (business, lease interest, and fixtures and fittings)

Landlord Requirements

Subject to references and financial standing, the landlord may require:

  • A guarantor
  • A rent deposit equivalent to six months’ rent
  • Standard financial and background checks

Business Rates

  • Rateable value: ?16,250
  • Estimated annual rates payable: approximately ?8,108.75

Interested parties should confirm the exact rates position with the local authority.

Trading Performance

According to information provided by the seller, the business currently generates gross revenue of approximately ?260,000 per annum, equivalent to around ?5,000 per week. There may be scope to improve performance through extended trading hours, delivery platform optimisation, or menu development.

Location

The premises are situated on Palmers Green High Street, N13, an established commercial corridor serving a dense residential catchment. The surrounding mix of national chains and independent retailers supports footfall and visibility throughout the week.

Viewings and Confidentiality

All interested parties must provide proof of funds sufficient to meet the premium and the landlord’s requirements. A Non-Disclosure Agreement must be agreed prior to receiving further information or arranging a viewing.

Enquiries and viewings are strictly through Restaurant Property Sellers only. Use of the website is subject to the company’s Terms and Conditions.

Disclaimer

The information provided has been supplied by the seller and is believed to be accurate; however, it is provided without warranty. Prospective purchasers must rely on their own inspections and professional advice to verify all details. Neither the agent nor its employees are authorised to make or give any representation or warranty in relation to this property.

Details

Real Estate: Lease
Asking price: 55 000 gbp
Turnover (per year): 260 000 gbp

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