Hazellville Road, London, N19

Commercial Lease Assignment for The Oak Chinese – 75 Hazellville Rd, London N19 3NB.

We are delighted to offer the lease assignment for The Oak Chinese, a highly regarded and profitable takeaway business, located at 75 Hazellville Rd, London N19 3NB. This is a unique investment opportunity for entrepreneurs looking to take over a well established takeaway with dual revenue streams in a vibrant and highdemand area of North London.

Key Details:
Goodwill Premium: £79,995 (Open to realistic offers)
This price includes the established reputation of The Oak Chinese, the loyal customer base, and all equipment, walk in fridge and freezer, including the integration of a pizza oven for additional revenue opportunities.

Commercial licence: Class E licence

Lease Term: 8 years lease remaining
The premises benefit from a secure lease with 8 years remaining, providing stability for the long term.

Annual Rent: £18,000 Per Annum.
The competitive annual rent reflects excellent value for the area, ensuring low operational costs relative to the business's income potential.

Turn over: We have been advised that the business is turning over approximately £7,000 to £9,000 per a week.

Premises & Business Overview:
The Oak Chinese is a well-established and fully operational takeaway offering a wide range of Chinese dishes. The business also features an integrated pizza oven, allowing for the operation of a second, complementary food offering alongside the Chinese menu. This dual-business setup opens up additional revenue streams and the potential to cater to a broader customer base, including those who prefer pizza.

The premises are fully equipped with a modern kitchen, serving counter, and customer collection area, all of which are in excellent condition. The business benefits from an established name and a loyal following, with great potential for continued success.

Area Overview:
The business is situated in the bustling Archway area of North London, surrounded by residential housing, local shops, and schools, ensuring a steady flow of foot traffic and potential customers. The area has undergone significant development in recent years, making it an increasingly attractive location for businesses.

The strong transport links, including the Northern Line at Archway Underground Station and numerous bus routes, provide easy access to the area, further boosting the location's desirability for customers. With the demand for quality takeaway food continuing to rise, this is an excellent location for continued business growth.

Investment Potential:
This lease assignment offers an exciting opportunity to take over a turnkey business with the unique advantage of a pizza oven, which adds versatility to the existing Chinese takeaway business. The ability to serve both Chinese cuisine and pizza gives the new owner an edge in catering to a wide range of tastes, increasing the potential for growth and profitability. Additionally, the long lease and competitive rent make it a sound investment.
With strong local demand, a loyal customer base, and opportunities to expand marketing and menu offerings, this business has significant room for future growth.

For further info, please feel to contact us: Chris Anthony Estates, Sole Agents.