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COMMERCIAL

High Rd, London, N2

Guide Price
£185,000
Finchleys, Finchley
PROPERTY TYPE

Restaurant

SIZE

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Key features

  • Weekly turnover of £8,000–£10,000
  • £42,000 annual rental income from upper floors
  • Quality 3+1 pan Preston & Thomas frying range
  • Prime North London high street location
  • Affluent residential catchment
  • Partly staff-run operation
  • Genuine sale due to other commitments

Description

About the Business

An excellent opportunity to acquire a long-established fish and chip takeaway located on a prominent North London High Street. The business enjoys a loyal customer base, strong weekly takings and additional income from the self-contained upper-floor accommodation, making it an attractive proposition for owner-operators and investors alike.

The takeaway currently generates weekly sales in the region of £8,000–£10,000, with income derived from both walk-in customers and a consistent level of deliveries through popular online ordering platforms as well as the business's own ordering system. The current owner has the business operating with the support of staff, offering scope for a hands-on operator to further improve profitability.

A significant benefit of this opportunity is the self-contained accommodation above the premises, which is currently fully let and produces £42,000 per annum in rental income. With the commercial rent standing at £38,000 per annum, the rental income effectively covers the lease cost while generating a surplus.

Trading Hours

Open seven days a week from 11:30am to 10:00pm.

Premises

The business occupies a substantial and highly visible premises with an attractive glazed frontage and illuminated signage, ensuring excellent exposure to passing trade. The customer area is well presented, featuring wooden flooring, partially tiled walls, a suspended ceiling and a small seating area.

The serving area is centred around a quality 3+1 pan Preston & Thomas frying range, with the cooking facilities positioned beneath a commercial extraction canopy. To the rear is a fully equipped preparation kitchen, together with a dedicated potato preparation area, walk-in freezer and access to a rear service yard.

Equipment

The sale includes a comprehensive range of commercial catering equipment, including a Preston & Thomas 3+1 pan frying range, EPOS till system, refrigeration units, freezers, bain-marie, charcoal grill, commercial gas oven, kebab machines, salad preparation station, microwave, potato chipper and peeler, together with a walk-in freezer. A full inventory will be supplied during the sales process.

Lease

Held on a 25-year lease commencing in 2016, with a current passing rent of £38,000 per annum.

Accommodation

The upper floors comprise self-contained accommodation arranged as four rooms with a kitchen and bathroom. The accommodation is currently tenanted and produces an annual rental income of £42,000.

Location

Situated in a sought-after North London location, the business benefits from a busy high street position close to an Underground station and surrounded by established retailers, residential properties and other local businesses. The area enjoys a large and affluent catchment population, providing strong year-round demand.

Summary

This is a genuine resale opportunity offered due to the owner's other business commitments. The business has built an excellent local reputation, is presented to a high standard and requires minimal further investment. Combining strong weekly turnover with valuable rental income from the upper floors, it represents an excellent opportunity for an experienced operator or family-run business seeking a profitable and well-established takeaway with further growth potential.

High Rd, London, N2

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • East Finchley Station0.2 miles
  • Highgate Station1.1 miles
  • Finchley Central Station1.5 miles

About Finchleys, Finchley

11 - 11a Station Road, London, N3 2SB
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1

Since opening our office in Station Road, Finchley Central, North London in 2009, Finchleys have become a well-respected independent Estate Agent specialising in Sales, Letting and Property Management.

We have built ourselves an enviable reputation for experience and service with Landlords, Tenants, Vendors and Purchasers.

It is reassuring to know that one company has retained its identity and still believes in the traditional values of achieving results through our customer service and experience.

The staff at Finchleys are a committed team who believe that customer care is the ultimate priority.

Notes

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