Restaurant for sale

London N1

Restaurant for Sale in Upper Street, Islington

Property id: Rps-23164

proof of funds required: All interested buyers must be able to provide proof of funds before requesting viewing.
Main details


Premium opportunity to acquire a newly granted Fri lease
Situated in a prime, high-footfall location on Upper Street, Islington
Bustling area with exceptionally strong passing trade
Surrounded by established operators including Nando's, Sainsbury's & Caffe Nero
Circa 994 sq. Ft (spread over ground floor & basement)
Highly versatile space, ideal for cafes, alternative cuisines, or current operations
Benefits from gas, extraction, three phase & premises licence
Well-appointed restaurant comfortably accommodating circa 38 covers

landlord’s requirements

Guarantor required (subject to references)
6 month’s rent deposit required (subject to references)
Standard commercial background and financial checks will be carried out
Lease details


Grant of a new lease (exact terms to be mutually agreed)
Rent: £58,800 per annum exclusive
Rent review: Every 4 years
Premium: £99,000 (Includes business goodwill, lease, and fixtures & fittings)
The premises


Total Size: Circa 994 sq. Ft. Spread over ground floor & basement
Seating Capacity: Circa 22 covers on the ground floor and 16 covers in the basement
Fully equipped with commercial gas, high-capacity extraction, three-phase electricity and premises licence
Rateable Value: 49,000
Payable Rates: Circa £18,718 per annum (interested parties are advised to verify with the local council)
The business


Financials: Generates a steady gross revenue of circa £360,000 per annum (£7,000/week) on highly condensed hours.
High Growth Potential: Currently operating only 5 days a week (lunch on weekends only)
due to the owner's lifestyle choice. Huge scope to instantly increase turnover by extending trading hours.
Proven Track Record: Previously achieved an annual turnover of circa £700,000 when operating full-time (7 days, lunch & dinner), proving the exceptional market demand for this location.
Management: Efficiently run by the owner (Chef) with 5 full-time and 1 part-time staff members.
The location


Coveted Upper Street address in the heart of Islington, N1
Strategically located just a few minutes' walk from Angel Station
Viewings & confidentiality


All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

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.