Restaurant/cafe for sale in Crouch End, London N8

Restaurant for Sale in Crouch End, North London

Main features

Circa 28 Covers Restaurant
Busy Location and High Passing Trade
Fully Fitted Commercial Kitchen
Gas & Extraction in Place
On & Off Licence in Place

landlord’s requirements

Personal Guarantor Required (Subject to references)
6 Months Rent Deposit Subject to References
Accountant’s references
Trade references

Lease details

Lease: Ending Mar 2032 (Inside the Act of 1954)
Rent: £34,000 pax
Rent Review: Every 5 Years
Next Rent Review: Feb 2027
Premium: £85,000 (Business, Lease & ff&E) + sav

The premises

Circa 800 sq. Ft
Circa 28 Covers
Payable Business Rates: Circa £11,726/annum (Rateable Value: £23,500)
Fully Fitted Commercial Kitchen
Gas & Extraction in Place
On & Off Licence in Place

The business

Gross Revenue: We have been informed that the business generates gross revenue of circa £156,000 per annum (£3,000/week).
Trading as Restaurant & Cafe

The location

Crouch End, N8
Several independent cafes & restaurants Nearby

Viewings & confidentiality

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

Disclaimer

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.