Restaurant and bar lease for sale in Bethnal Green London with 75 covers and event space

Description

Please note the premises currently trade as part of an established London restaurant group with additional sites in Haggerston, Elephant & Castle and Brixton.The preference is to sell the business as a whole, to include the trading brand and the four London sites at Elephant Park, Bethnal Green, Haggerston and Brixton. However, our client is open to considering offers for different iterations of the business and/or individual sites.The Bethnal Green premises may therefore be available either as part of a wider business acquisition or individually by way of lease assignment. If acquired on an individual leasehold basis, the trading brand would be excluded and any incoming operator would be required to rebrand and trade under their own concept, subject to landlord consent.For further details of the group sale and associated financials please contact [marc@mkrproperty.co.uk](mailto:marc@mkrproperty.co.uk)SUMMARY* Established flagship East London restaurant* Approx. 75 covers plus mezzanine & external seating* Full kitchen extract, gas, 3-phase electrics & premises licence* Turnover in the region of £1m per annum with strong delivery trade* £43,000 EBITDA for year end 2025LOCATIONOccupying a prominent trading position in the heart of Bethnal Green, the premises benefit from strong local and destination footfall together with excellent transport connectivity, being within a short walk of Bethnal Green Underground and Overground stations. The surrounding area comprises a vibrant mix of independent restaurants, cafés, bars and residential accommodation, attracting a broad daytime and evening customer demographic.Located nearby on Cambridge Heath Road, the recently redeveloped Young V&A has become a key cultural destination within the area. Formerly the V&A Museum of Childhood, the museum reopened in 2023 following a £13 million redevelopment and now attracts close to 600,000 visitors annually, further enhancing footfall and reinforcing Bethnal Green’s position as one of East London’s most vibrant and evolving neighbourhoods.DESCRIPTIONA fully fitted and well-established restaurant arranged over ground floor and mezzanine levels extending to approximately 2,000 sq ft. The premises provide approximately 75 covers together with external seating and benefit from a strong trading layout suitable for both dine-in and delivery operations.The venue also offers the ability to accommodate up to approximately 150 guests for private events and functions.ACCOMMODATIONGround floor and mezzanine - Approx 2,000 sq ftPREMISES LICENCEThe licence permits the sale of alcohol from 10am-11pm throughout the week.LEASEAvailable by way of an assignment of the existing 20 year lease from April 2015, at a passing rent of £60,000, subject to 5 yearly rent reviews with the next due in April 2030. The lease is held outside of the Landlord & Tenant Act 1954.SERVICE CHARGE£3,612 for y/e 2025