Restaurant for sale

Sofalino, 1390 High Road Whetstone, London, N20 9BH

Guide Price £95,000

Property Description

Commercial information

  • Business for sale

Key features

  • Established since 2011
  • Prominent frontage
  • C. 50 internal covers, GIA 1,025sq ft
  • Fitted catering kitchen
  • External seating to the front (15)
  • Italian offering with potential to change. Energy Rating D

Full description

Tenure: Leasehold

Description

This modern restaurant has been established by our clients since 2011 and offers good quality Italian food. It is a great opportunity to have a compact restaurant with good catering facilities within a prominent parade on the High Road. Due to the modern interior the restaurant lends itself to any change of offering without huge expense.

Location

Whetstone is within the London Borough of Barnet and is east of Totteridge - the area is known together as Whetstone and Totteridge. The High Road, the main road in the area, is the A1000 and part of the traditional Great North Road from London to Edinburgh. The restaurant is prominently located on this road within a busy shopping parade.

A short distance to the Totteridge & Whetstone Tube Station, Sofalino's location on the High Road also provides accessible bus routes. The restaurant is also only five minutes away from Oakleigh Park train station, which can take you to the city in 20/25 minutes.

Internal Details

Glazed frontage with bifold doors giving the opportunity to bring the outside in during the sunny weather and opening onto the external seating area with an awning above to give some shade.
Main restaurant with large bar servery and counter with modern seating including high back chairs, bench seating and modern tables (35)
Private dining/function area located at the rear with seating for up to 15 covers.

Fixtures & Fittings

We are advised all trade fixtures and fittings at present in the property are included within the sale, with the exception of one or two items which may be subject to lease or hire purchase agreements.

External Details

The premises currently has a pavement licence form the local council to have external seating to the front of the restaurant with an awning over (15).

Owner's Accommodation

This is a lock up unit.

The Opportunity

This is a great opportunity to obtain a modern well fitted and established Italian restaurant in the busy footfall area in this prominent position on the High Road in the centre of Whetstone, North London.

Staff

The proposed purchaser will be required to offer continuity of employment in accordance with the Transfer of Undertakings (Protection of Employment) Regulations. Prospective purchasers should complete their own enquiries and due diligence to satisfy themselves as to the rights, contracts and obligations that may run with the Property and business, and also the registrations, licences, permits and certificates required to trade.

Trading Information

Net turnover Y/E September 2017 £217,558 and Y/E September 2016 £202,187. Further accounting information will be given to buyers following a formal inspection

Trading Hours

Opening hours: 11am to 3pm and then 5pm to 10.30pm Mon, Wed, Thur, Sun. Fri & Sat 11am to midnight (closed Tuesdays).

Business Rates

The Rateable Value from April 2017 is £22,000 with rates payable circa £7,500.

Regulatory

Premises Licence


Nearest stations

  • Totteridge & Whetstone (0.3 mi)
  • Oakleigh Park (0.5 mi)
  • New Barnet (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Totteridge & Whetstone (0.3 mi)
  • Oakleigh Park (0.5 mi)
  • New Barnet (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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