For Sale
Fine Dining Restaurant And Bar For Sale
London, Greater London
- Asking Price: £349,995 +SAV
-
Turnover:
We are advised that the business generates a turnover in the region of £530,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07916
CoGoGo welcomes to the market Bramleys Restaurant LTD T/A Bramley Restaurant, a highly rated fine dining restaurant and bar based in Oakwood, North London.
This well respected family run business opportunity was established by our client in 2022, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews (4.8 rating with over 900 reviews on Google), the restaurant is extremely popular within the area.
Bramley Restaurant has now come to the open market due to our clients desire to move on and focus on other businesses.
Their focus is to use the freshest seasonal produce. Their kitchen works with local suppliers in order to minimise wastage as much as possible, while caring for the environment. The ultimate goal is to extract as much as they can from every single ingredient while creating a unique, flavoursome menu.
The food is paired with an exclusive wine list as well as some amazing cocktails, mocktails, spirits and drinks in general.
Key selling points -
- Outstanding reputation
- High footfall location
- Staff in place
- Beautiful decor throughout
- Alcohol licence in place
- Increase advertising and marketing
- Use more social media
- Host more private events
- Introduce a delivery service
- Open earlier
We are advised that the business is run and managed by our client, with the help of 2 full-time and 2 part-time staff members.
The current trading hours are -
Monday to Thursday - 5:00pm to 11:00pm
Friday to Saturday - 5:00pm to 12:00am
Sunday - 1:00pm - 10:00pm
Bramley Restaurant is located on Bramley Road in Oakwood, North London.
Due to its corner position, it is easily seen from all angles and receives regular levels of footfall and passing trade.
Tenure
We are advised that the business is being sold on a Leasehold basis.
As our client owns the Freehold, they have said that they will negotiate a mutually acceptable lease with the buyer. The rent is £40,000 per annum.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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