The Concourse London, N9

LOCATION:
BTC is pleased to offer this restaurant business located in North London in one of the prime location with lots of hustle and bustle. The business benefit from excellent transport links for both customers and employees, with the nearby station just 0.2 miles away, a bus stop 0.4 miles from the shop, and a school located only 0.1 miles away. This location provides a dynamic mix of residential and commercial development, making it an ideal choice for commercial ventures and for foot traffic.

The surrounding area is known for a variety of shops, services, and restaurants, ensuring a steady flow of potential customers. Additionally, with the presence of major retailers, local businesses, and essential services, this location is well-positioned to support business growth.

Genuine retirement sale.

OVERVIEW:
Opportunity to acquire a well-established restaurant that has been successfully operated by the current owner for the past 14 years. The restaurant is a popular local destination for social gatherings and small meetups, boasting a loyal customer base and an excellent reputation in the area. It has earned outstanding online ratings, particularly on Google.

The restaurant has a seating capacity of 75 covers and is fully equipped with all necessary appliances for smooth operation. The kitchen includes a 4-hob cooker, two large chillers, a fridge, a chip fryer, a wood-fired pizza oven, a coffee machine, air conditioning, CCTV cameras, and other essential equipment, ensuring the business runs efficiently.

The premises has modern d?cor and stylish furnishings and offers a welcoming ambiance. The new owner can step in immediately, with no further investment required, as the business is fully set up and ready for operation. It is currently listed on popular delivery platforms, including Deliveroo, Uber Eats, Just Eat, and its own website, all with excellent customer ratings and reviews. The business enjoys a good profit margin, making it a promising opportunity for a new owner.

SIZE: Total size approx. 1600 sqft
Shop floor approx. 1100 sqft
kitchen and storage approx. 500 sqft

POTENTIAL:
The business has great potential for growth. Currently, the restaurant specializes in Turkish cuisine but there is an opportunity for the new owner to expand the menu by adding other types of cuisine. Introducing new dishes could help attract a broader customer base and further boost the business.

TURNOVER: £10,000 Per week approximate.

RENT: £31,000 Per Annum plus VAT.

RATES: No business rates currently.

Tenure Leasehold (1 years remaining, renewable lease).

License: Alcohol license.

TRADING HOURS: 8 am to 11 pm (All days).

ADDITIONAL POTENTIAL:
There is a great opportunity for oncoming buyer to expand the business by offering additional service hours with a alcohol license allowing the restaurant to stay open until midnight, extending the hours could attract a wider customer base, boost sales, and contribute to overall business growth and increased profits.

The business is marketed for £125,000 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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