London N12

LOCATION:
BTC is pleased to present an exciting opportunity to acquire a well-established Indian restaurant located in North London, in a posh area known for its vibrant mix of residential, commercial, and retail spaces. This area offers excellent accessibility, with public transport links providing quick access to Central London within approximately 30 minutes via the nearby Underground Station.

Several bus stops are within a 5-minute walk from the restaurant, making it easily accessible for both customers and staff. The restaurant is situated in one of North London's most sought-after areas, surrounded by local convenience stores, supermarkets, and shopping centers, all just a short stroll away. This bustling area not only serves the daily needs of local residents but also offers great retail opportunities for businesses.

Genuine retirement sale.

OVERVIEW:
Opportunity to acquire a well-established Indian restaurant that has been successfully running for the past 18 years, with the current owner operating it for the last 8 years. Known in the area for hosting get-togethers and small meetups, the restaurant has built a loyal customer base and enjoys a strong reputation. The restaurant has a seating capacity of 70, and fully Equipped Kitchen that includes a 6-hob cooker, tandoori oven, grill machine, fryer, pot burner, microwave, 3 fridges, 1 walk-in fridge, 1 walk-in chiller, mixer, CCTV cameras, and all other necessary equipment to operate the business efficiently.

The restaurant features modern d?cor and elegant furnishings, with a stylish ambiance that has been created through significant investment in recent refurbishments. The new owner can step in with no additional investment needed, as the restaurant is fully set up and ready to operate. Currently, the restaurant is listed on Deliveroo, Uber Eats, Just Eat, and its own website, with excellent customer ratings and reviews.

SIZE: Total size 1600 sqft Approximately.
Shop Floor 1,000 sqft Approx.
Kitchen & Storage Approximately 600 sqft (Additional Facilities Two separate toilets)

POTENTIAL:
The business has great potential for growth. Currently, the restaurant only serves Indian cuisine. This presents an opportunity for the new owner to expand the menu by adding other types of cuisine, Due to the large Turkish community, Oncoming buyer can introduce a Turkish menu could help attract more customers and further boost the business. The restaurant already has a website, which can be used to improve its online presence and grow the delivery side of the business, reaching more customers, With an alcohol and music license, the new owner could offer drinks, live music, or even karaoke nights to attract more people and increase sales.

TURNOVER: £9,000 per week

Rent £34,000 per annum

Rates £6,000 per annum

Tenure Leasehold (4 years remaining, renewable)

License Alcohol license and music license.

TRADING HOURS: Friday & Saturday 5:00 PM - 10:30 PM, Sunday 3:00 PM - 9:00 PM, Tuesday to Thursday 5:00 PM - 9:30 PM, Monday Closed

ADDITIONAL POTENTIAL:
The restaurant currently has limited working hours, which creates a great opportunity for the new owner to grow the business by offering more service times. By adding breakfast, lunch, and late-night dining, the restaurant can attract more customers throughout the day and evening. Extending the hours would help reach a wider customers and increase sales, leading to overall business growth and higher profits.

The business is marketed for £150,000 plus SAV, which includes all the fixtures and fittings.

For further details or to arrange a viewing, please contact the BTC Commercial & Investment team on 0208 889 7474 or via email at commercial@btcint.com.

Tenure: Please confirm with BTC Group Limited Commercial whether this property is freehold or leasehold

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