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Restaurant With Accommodation In Enfield For Sale

Enfield, London
Asking Price:
£295,000 Furniture / Fixtures included
Sales Revenue:
£442,000
Cash Flow:
£100K - £250K

30 Years in same hands. On high street, in town centre taking £8,500 pw @65%/&0% gp. 3 rooms let to staff. Secure renewable lease. Rent £30,000 pa. Rats only £6,500 pa.

Property information

Property:

Leasehold

Lease Terms:

Renewable lease with 9 years remaining on the current lease with 5 yearly rent reviews

Living Accommodation:

Separate self-contained 3 rooms to the rear with shower and wc wish is currently used by staff.

Location:

The town is on the Piccadilly line with excellent transport connections, surrounded by 3 universities and many golf courses in a mainly residential area. Situation in the town centre on the high street opposite the outdoor shopping mall with its major multiples such as Cafe Nero, HMV, Halifax, HSBC, TK Maxx, Lidl, Nandos, etc

Premises Details:

In the same hands over 30 years run with 8 full time and 2 part time staff taking £8,500 pw @ 65%/70% g.p. Owners now plan to retire.

Size in square feet:
750
Planning Consent:

A3

Business Operation

Reasons for selling:

Genuine Retirement.

Trading hours:

6 pm to 11 pm. Lunch only on Sundays.

Employees:
8 full time and 2 part time staff
Years established:
30

Contact Information

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