Fixed price
£270,000
(£135.00/sq. ft)
Retail premises for saleRestaurant Business For Sale, Enfield EN1
From 2,000 - 3,000 sq. ft
Business
About this property
Business Sale
Prime Location
Residential Income
High Turnover
£400,000 refurbishment | New 20 year lease | 2 X residential rental apartments | low effective rent | fully fitted restaurant
AgentLocal are delighted to present this outstanding fully refurbished restaurant and brand opportunity located within the busy North London area of Enfield.
This is not simply a restaurant sale, this is a fully developed hospitality site with substantial investment already completed, including approximately £400,000 spent on refurbishment and fit-out, creating a turnkey opportunity ready for immediate operation.
The business benefits from a valuable 20-year lease alongside a full alcohol licence and currently trades across dine-in and delivery platforms including Deliveroo and Just Eat.
Importantly, the opportunity also includes two self-contained 2-bedroom residential apartments above the premises currently generating approximately £44,400 per annum in rental income. Against the total building rent of £55,000 per annum, this creates an effective net commercial rent of approximately just £10,600 annually, an extremely rare position for a hospitality business within London.
The premises extend to approximately 200 sq metres and offer seating for over 60 covers alongside a fully fitted commercial kitchen, bar area, customer seating and additional basement storage.
The business has traded for less than 12 months and is being offered for sale due to partner differences, creating a rare opportunity for a buyer to acquire a recently developed hospitality venue at a fraction of the original setup and refurbishment cost.
The site would suit:
Restaurant operators
Franchise
Shisha lounge operators
Cocktail/bar concepts
Franchise operators
Dessert brands
Takeaway operators
Investors seeking a hospitality and residential income combination
The premises also offer potential for alternative concepts including off-licence or hybrid models subject to the relevant approvals.
The current owners have also professionally developed the brand including trademark registration and established social media presence, however a new owner may equally introduce their own concept with all infrastructure already in place.
Opportunities offering a long lease, premium fit-out, residential income and low effective rent within London are exceptionally difficult to source.
Asking Price: £270,000
Strictly confidential sale. All enquiries and viewings through AgentLocal only.
AgentLocal are delighted to present this outstanding fully refurbished restaurant and brand opportunity located within the busy North London area of Enfield.
This is not simply a restaurant sale, this is a fully developed hospitality site with substantial investment already completed, including approximately £400,000 spent on refurbishment and fit-out, creating a turnkey opportunity ready for immediate operation.
The business benefits from a valuable 20-year lease alongside a full alcohol licence and currently trades across dine-in and delivery platforms including Deliveroo and Just Eat.
Importantly, the opportunity also includes two self-contained 2-bedroom residential apartments above the premises currently generating approximately £44,400 per annum in rental income. Against the total building rent of £55,000 per annum, this creates an effective net commercial rent of approximately just £10,600 annually, an extremely rare position for a hospitality business within London.
The premises extend to approximately 200 sq metres and offer seating for over 60 covers alongside a fully fitted commercial kitchen, bar area, customer seating and additional basement storage.
The business has traded for less than 12 months and is being offered for sale due to partner differences, creating a rare opportunity for a buyer to acquire a recently developed hospitality venue at a fraction of the original setup and refurbishment cost.
The site would suit:
Restaurant operators
Franchise
Shisha lounge operators
Cocktail/bar concepts
Franchise operators
Dessert brands
Takeaway operators
Investors seeking a hospitality and residential income combination
The premises also offer potential for alternative concepts including off-licence or hybrid models subject to the relevant approvals.
The current owners have also professionally developed the brand including trademark registration and established social media presence, however a new owner may equally introduce their own concept with all infrastructure already in place.
Opportunities offering a long lease, premium fit-out, residential income and low effective rent within London are exceptionally difficult to source.
Asking Price: £270,000
Strictly confidential sale. All enquiries and viewings through AgentLocal only.
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