London,UK, ID 139903
North London. A well-appointed double unit incorporating a fish and chip takeaway together with a tastefully styled, fully licensed 80-seat restaurant fitted to a high standard. The business is partly staff operated and achieves a high weekly turnover. Additional rental profit of £42,000 per annum is generated from let rooms above. The premises occupy a prominent position on a busy High Road within a highly sought-after and affluent area. The business is offered for sale due to other commitments.
Tenure: It is understood that a 25-year lease commenced in 2016, with a current rent of £60,000 per annum. This is offset by income from the letting of the upper-floor accommodation, producing an annual return of £42,000, resulting in an effective net rent payable of £18,000 per annum.
Trading Figures: The seller has advised that weekly turnover is in the region of £10,000–£12,000, with the operation partly run by staff. The majority of takings are derived from the takeaway operation, with the balance generated by the restaurant, alongside some delivery sales via established platforms and the business’s own app.
Trade Equipment: The premises are comprehensively equipped and include a 3+1 pan Preston & Thomas counter range, two computerised tills, numerous refrigerators and freezers, dishwasher, two-pot bain-marie, charcoal grill, walk-in freezer, grills, two microwave ovens, salad preparation area, two kebab machines, commercial gas oven, chipper, and peeler. The above equipment has not been tested by Rosens. A full inventory will be provided prior to completion.
Special Remarks: This is a long-established and popular business with a strong reputation for quality, achieving excellent pricing and requiring no immediate additional expenditure, which will be evident upon inspection. The sale is genuine and due to other commitments, and the business would be well suited to a capable family team looking to further develop the operation. A superior double unit that is extremely well presented.
Personally inspected by the sole selling agents. This well-established and popular business enjoys a strong reputation for quality, commands excellent prices, and requires no further expenditure, as will be apparent upon inspection. The sale is genuine due to other commitments and would suit a capable family team seeking to take the business to the next level. A superior double unit that is extremely well presented.
