No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£95,000
Added > 14 days

Restaurant for sale

High Street, Potters Bar
Save
Restaurant
0 bed
0 bath

Property description & features

  • Tenure: Leasehold
  • Restaurant
  • Great Location
  • Tastefully Presented Throughout
  • Internal Viewings Recommended
  • Off Street Parking x 2
  • 1,500 Sq Ft
ESTABLISHED GOURMET BURGER RESTAURANT AND TAKEAWAY BUSINESS FOR SALE. SINGLE FRONTED PREMISES 1,500 sq. ft. Attractive high ceiling, chandeliers. Tables and chairs providing seating 70 persons. Counter to left. Fully Integrated EPOS till system with delivery platforms and Kitchen Display Unit (KDS) in place. 2 group coffee machine, ice cream cabinet, milkshake machines, under-counter fridges and freezers. Second counter, convection oven, (croissants & pastry), panini machine, microwave, under-counter fridges, hand wash basin.

Open Plan Kitchen
Industrial non slip, LED strip lights. Stainless steel extractor, 2 large electric griddles (Blue seal), pull drawer fridges beneath, salamander, 2 double basket fryers (stand alone full length), Baine Marie, panini griddle, Counter top fridge x2, dishwasher, double sink and drainer.

PREPARATION area with sinks, stainless steel counters. Large double fridge, under-counter fridge with stainless steel top.
Walk-in freezer.
Ladies' & gentlemen's toilets
Disabled toilets
First Floor office
Large basement providing storage

Turnover
We have been informed by the owner the turnover currently averages £8,000 p.w. with a gross profit of 65% approx.

Commercial Mexican Kitchen in place offering additional menu online via UBER EATS, JUST EAT and DELIVEROO. Eat in 40%. Delivery 60% Uber, Deliveroo and JustEat vendor uses his own drivers.

Staff
The business is at present operated by 2 partners with the assistance of 2 full time staff & 2 part time staff employed.

Trading Hours
7 Day week
Sunday - Thursday inclusive 12 noon - 9.30 p.m.
Friday & Saturday - 12 noon - 10 p.m.

Parking / External
Yard with parking for 2 cars

Tenure
We have been informed by the vendor that the premises are held on a Secure Renewable lease from a private landlord, granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £30,400 p.a.

Business Rates from April 2023 £2,400 approx. after small business relief (Please contact local authority to confirm).

Price
To include Secure Renewable Lease, goodwill, fixtures and fittings £95,000 plus stock at valuation.

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Places of interest

    Request viewing/info
    Started in 1991 by Paul and Elsa Raine the company has always strived to be at the forefront of the estate agency market with an emphasis on high levels of service, communication, honesty, friendliness and a reputation to be proud of. By making sure that they employ some of the best people with the same values and high levels of work ethics, Raine and co has ensured success in every field. In the property market location is the key and Raine and Co covers most of Hertfordshire from our modern, prominent offices located strategically to support each other in busy positions in Potters Bar and Hatfield. Over the years Raine and Co has successfully expanded into Residential Lettings, Property Management, Block Management, Land Sales, Development, New Homes, Property Investment, Financial Services, Commercial Sales, Commercial Lettings and International properties with their very own Raine International office located in Nueva Andalucia, Spain while always making sure that the same core values and high service levels are met and exceeded. The Directors of Raine and Co strongly believe that the profession should be regulated and as a result are members of The National Association of Estate Agents, The Association of Residential Letting Agents, The National Approved Letting Scheme and The Ombudsmen for Estate Agents. Raine and Co is a member of The Property Ombudsman Scheme and Client Money Protection Scheme.

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    *DISCLAIMER

    Property reference 10003594_RAIN. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Raine and Co - Hatfield.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.