Palmers Green,London,UK, ID 138346
An opportunity to acquire a well-established, high-turnover restaurant trading from a prominent High Street position in Palmers Green, North London. The business operates from fully fitted premises and benefits from steady local demand, consistent passing trade, and a proven trading history. This is a functioning operation with strong reported revenue and would suit an experienced operator or an investor seeking an income-producing hospitality business.
The restaurant occupies approximately 1,086.83 sq. ft and is arranged to accommodate around 35 covers. The premises include a fully fitted commercial kitchen with gas and extraction installed, enabling a broad range of food concepts to be operated without immediate capital expenditure. A premises licence is in place, supporting alcohol service and extended trading options, subject to licence conditions.
Interested parties should confirm the rates position and any relief eligibility directly with the local authority.
The opportunity is offered with the grant of a new lease, subject to references. The current rent is ?24,000 per annum, with rent reviews scheduled every five years, providing predictable occupancy costs.
Subject to references and financial standing, the landlord may require:
According to information provided by the vendor, the business generated gross revenue of approximately ?676,000 per annum, equivalent to around ?13,000 per week. The restaurant is currently managed by the owner with support from four full-time and two part-time staff members.
The reported turnover level from a compact, well-configured site indicates efficient operations and strong demand. Additional growth may be achievable through menu optimisation, extended opening hours, enhanced delivery activity, or targeted local marketing.
Located on Palmers Green High Street (N13), the restaurant benefits from a busy commercial environment with a mix of local and national retailers and a strong residential catchment. The surrounding area supports both daytime and evening trade, making it a dependable location for food and beverage businesses.
The sale is due to the owner’s involvement in other business ventures and is not related to trading performance.
All interested parties must provide proof of funds sufficient to meet the premium and landlord requirements. A Non-Disclosure Agreement is required prior to arranging viewings or receiving further information, in line with the client’s request for confidentiality.
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The information provided has been supplied by the seller and is given in good faith but without liability. Prospective purchasers must satisfy themselves as to the accuracy of all statements and should obtain independent professional advice. Neither the agent nor its employees are authorised to make or give any representation or warranty in relation to this property or business.
