Business for Sale Overview:
Based on a successful formula started by the owners at their other premises 14 years ago this traditional, fully licensed restaurant has been under the current ownership since establishing in 2002. Specializing in authentic Portuguese and other European dishes this business, the only restaurant for several miles around, has been a firm favorite for serving authentic, well-cooked and reasonably priced food to its predominantly local Clientele.
The premises are very prominently situated in a very busy well known North London High Street close to Finsbury Park underground station. The positioning ensures high levels of awareness amongst the thousands of motorists that pass by every day. Alongside this is the busy shopping and market area locally, and the major influx of thousands during a premiership game at a major venue within walking distance. The decor is warm, welcoming and comfortable and customers enjoy a clean, relaxed and friendly atmosphere in which to dine.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Leasehold with 12 years left on current let. The premises comprises approximately 600 square feet of Restaurant space, including food preparation area. There is seating outside for around 10 covers. There are both male and female toilets downstairs, and a food storage area and office space. On the upper floors of the building there are 3 studio flats, and 4 double bed-rooms currently let.
The rent for the lease is circa £30,000. Rent is circa £6,500
Rent received from the upstairs property is also circa £30,000.
Market Competition and Expansion:
Situated in a very prominent location and having been established since 2002 this business has little need of advertising. There is a single free listing in the Yellow Pages. A direct marketing campaign including leaflets and a focused effort with the local press, might yield a new burst of trade, which can be capitalized on over the long term.
Reason for Selling:
are looking to enjoy a more relaxed
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.