Modern 60-Cover Restaurant, Central London
LondonFood & Hospitality
Financial summary
- Asking price
- £395,000
- Annual turnover
- £980,000
- Net profit / cash flow
- £145,000
- Tenure
- Leasehold
- Business type
- Established business
- Employees
- 14
- Established
- 2018
- Seller
- Business broker
About this business
A contemporary 60-cover restaurant occupying a ground floor and basement unit in a well-known central London side street. The business trades six evenings a week plus weekend lunches with an emphasis on a short seasonal menu. The premises were comprehensively fitted out in 2018 and include a full commercial kitchen, bar, and basement dining room. A late licence permits alcohol sales until midnight Thursday to Saturday. A head chef and general manager are in place, so the business is not owner dependent. The sale is offered as a going concern including all fixtures, fittings and goodwill.
Business details
Reason for sale
The owners are consolidating their interests into a second site outside London.
Premises
Ground floor and basement totalling approximately 2,400 sq ft, seating 60 plus a 12 seat bar.
Lease information
New 15 year lease available at £84,000 per annum with five yearly reviews.
Growth opportunities
Lunch trade is currently limited to weekends. Private hire of the basement room is not actively marketed.
Assets included
Full commercial kitchen, bar equipment, furniture, EPOS and booking system.
Training and support
Four weeks of structured handover from the current management team.