For Sale
Newly established multi-faceted business for sale
Greater London, City of London
- Asking Price: £130,000 +SAV
-
Turnover:
Full financials can be made available upon further request.
Please quote reference B06617
- Tenure: Leasehold
Please quote reference B06617
Hilton Smythe is delighted to present to the market a new and inspiring multi-faceted business opportunity located centrally on a very sought after road in North London.
The hard work and level of investment is clear to see in the business photos attached and they have recently been voted as the Best Shop on Wood Green Road!
The fully licensed premises were purchased by our client in 2020 who embarked on a complete transformation of the very tired off licence business which had not been modernised since it opened in 1986!
The work carried out included -
Complete rewire of the shop (including a new hub box)
- New boiler with all the gas pipes
- New floor tiles
- New wall tiles
- New ceiling
- New kitchen
- New bathroom
- New toilet facilities
The business originally opened as a Butchers and Deli offering excellent fresh cut meats, homemade burgers and fresh deli items. This quickly developed to offering more grocery, specialty wines, fresh pasta, seafood salads, freshly made sandwiches, daily specials all with a distinct Lebanese and Italian flavour!
They have recently added freshly cooked rotisserie chickens, available throughout the day.
The popularity of the business began to grow and as a result our client decided to transform the unused rear yard space into a Mediterranean haven to accommodate the new cafe and restaurant side of the business.
The 30 cover dining space can be used as a daytime cafe/coffee shop, evening restaurant or bar with a alcohol licence in place until 1am.
There is a breakfast, lunch, dinner and after hours menu in place.
As you can see from photographs attached and videos available on their Instagram page, the new space is private from the main shop and also includes a separate rear entrance. The space includes a new bespoke bar, new roof and tiles flooring, new lighting, planting and decoration.
The sale of the business includes the following -
- 2 Freezers
- 1 Fridge
- 1 Big stone oven for pizza and bread.
- 1 Big grill for meat
- 2 Industrial extractors
- 50 Big serving plates
- 50 Small serving plates
- 50 Mugs for tea and coffee
- 12 Tea pots
- 1 Pizza preparing table
- 1 Industrial pizza dough maker
- 1 Industrial pizza spreading machine
- 10 Solid wood tables and 22 chairs
- 2 Made to measures sofas (5sqm)
We believe there is no other space available on Wood Green Road like this and advise the instant demand for the space will steadily increase through 2022.
** Our clients have recently added a late licence for live music until 1am.
Our client admits that due to her other full time career, she is unable to give the full amount of time the business needs to continue with its growth. This is the main reason she is now looking to sell at this early stage.
Key selling points -
- Newly refitted unit with large secluded restaurant space
- Very long lease in place with low rent
- Nil business rates
- Full business handover offered
- Average weekly sales of £7,000
- Opportunity to extend the current trading hours
- Option to add a food delivery side
- Excellent experienced butcher on site
- Italian and Lebanese recipes to be included
- Late alcohol and music licence til 1am
- Early stages of growth
- Desirable location
We are advised that the business has 3 full-time members of staff.
The business hours are -
Monday – 9:00am – 11:00pm
Tuesday – 9:00am – 11:00pm
Wednesday – 9:00am – 11:00pm
Thursday – 9:00am – 11:00pm
Friday – 9:00am - 1:00am
Saturday – 9:00am - 1:00am
Sunday – 9:00am – 11:00pm
Carmen Cafe/Restaurant/Butchers/Deli occupies a highly desirable trading position on Wood Green Road in North London.
The multi-faceted business sits along a very busy parade of independent stores, takeaways, solicitors, estate agents as well key High Street brands such as Sainsburys, Tesco and William Hill.
Wood Green Road is a very busy link road leading from South Tottenham through the heart of Harringay and up to Wood Green.
The area is a very busy residential area with excellent footfall throughout the day and night with very good transport links into central London.
There is a very good choice of local schools including two nearby parks - Downhills Park and Chestnuts Park.
The business sits in between two underground stations - Turnpike Lane and Seven Sisters.
Ground floor -
- Retail shop with Deli and Grocery area
- Newly fitted kitchen
- Storage/Staff area
- Toilet facilities
- Rear Restaurant/cafe space (min 30 covers) including new bar servery
Tenure
We are advised that the business is being sold on a Leasehold basis, with 19 years remaining on the 20 year lease. The rent is £2,850 per month.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
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
Rates may differ as they are dependent on individual circumstances. Subject to status.
