FANTASTIC LICENCED RESTAURANT, NORTH LONDON Reference No: E7647J

Price: £ 95,000
Description

LOCATION: Bordered by New Barnet, Cockfosters and Southgate, the town is in one of the largest London Boroughs where this business occupies a very prominent, enviable, unopposed corner position in the local shopping street as well as residential, (Majestic wine warehouse, Tesco express and Sainsbury, Pure Gym).

DESCRIPTION:   A well fitted 1,200 ft2 (111 m2) premises across 2 floors  and a further 440 ft2 (41 m2) outside, 163 ft2 (15 m2) covered by a well maintained pergola. The restaurant is fitted out to a very high standard across 2 floors with an outside terrace. The front entrance leads to the 2 ground floor dining rooms 425 ft2 (39.5 m2) with a capacity of 26 + 10 covers. The French doors open fully to extend the restaurant onto the covered terrace with a current capacity of 15 covers. This can be easily extended if desired. There are 2 rooms on the ground floor with welcome area by the front door and a fitted bar in the main dining room. The bar also has a small area that stocks a wine fridge and also leads to the second rear dining room. At the rear is a fully equipped 215 ft2 kitchen and wash up area. The rear door leads to a 265 ft2 (24.5 m2) yard and bin store with a walk in cold room and an upright freezer, which is partially covered and holds a stainless steel preparation bench and decarboniser.

The 1st floor is a large 469 ft2 (43.5 m2) dining area with a capacity of 30 covers. There is an outside balcony 133 ft2 (12 m2) with fully opening French doors. Behind the upstairs dining area there are 2 separate single toilets. There is also a storage area located here that holds dry stock, a wine fridge and a chest freezer. A total of 66 covers across both floors + 15 outside which can be extended.

BUSINESS: A family business in the same hands for over 35 years. Run with 4 full time and 1 part time staff taking £5,000 per week (closed 3 to 4 weeks a year). Genuine retirement sale.

HOURS:   Tuesday: 18:30 to 21:30, Wednesday - Friday: Noon to 2 pm, 18.30 to 21:30. Saturday 18:30 to 21:30.

EQUIPMENT: Fully equipped with full air-conditioning, electric heaters, a 6 burner Imperial gas oven, large salamander, 7 ft stainless steel preparation with a Bain Marie, a Williams stainless steel 3 door preparation fridge, an industrial DC series, a dishwater, a water softener, 4 stainless steel preparation tables, a Polar upright stainless steel fridge, a walk in cold room, a decarboniser, furniture, etc.

TENURE: Renewable 20 year FRI lease from 24 June 1999 with 3 yearly rent reviews @ £16,500 pa rent. Rates £7,700 pa payable.

COMMENTS: Freehold may be available. 2 bed house next door also available to offer the entire corner property. Excellent development project.

VIEWINGS: By appointment only.

NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES on 020 7935 3939

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