A range of eateries are up for sale within or near the Hampstead area.
Entrepreneurs wishing to get their hands on a commercial property are in luck with several restaurants, pubs and cafes on the market.
Here are some of the venues real estate agents are offering to potential new businesspeople.
The New Inn, St John’s Wood
The New Inn was given a new lease of life after is closure in November 2021, as it reopned under new ownership as a restaurant.
Now it is on the market again.
In the announcement for the initial closure in 2021, the former owners wrote: “It’s with a heavy heart that we have to inform you we have closed down.
“We would like to thank all of our loyal patrons for your customs and wish you good luck for the future.
“Covid-19 changed the world as we know It and we held on as long as we could for to bounce back, bun unfortunately unable to.”
Located in Allitsen Road, the 4,611sq ft Victoria-style pub is on the market as well as its six hotel rooms.
The pub also has pavement seating for 24 people and is available for freehold for £3,500,000.
https://www.sidneyphillips.co.uk/business-detail/93424
Nayla Café, Finchley Road
Established in 2020, the café is on the market due to a change in personal circumstances, commercial estate agent Hilton Smythe has said.
The business was taken over soon after its launch in 2021.
It operate all week and reportedly generates a turnover of around £260,000 per annum, with a high gross profit margin.
A description of the listing reads: “We feel there is scope to increase the turnover by extending the opening hours and pushing outside catering.
“This is an excellent opportunity for a new owner to take this already thriving business, with massive growth potential to the next level; therefore, early viewing must come highly recommended to avoid disappointment.”
It includes a service area with seating and a floral décor, as well as a kitchen area including storage, stainless steel sink and handwash area.
According to Hilton Smythe, the turnover in 2021 was £260,000.
The listing boasts of the café’s social media following and high online ratings on Google, Deliveroo, Uber Eats and Just Eat.
It is being sold on a leasehold basis, with three years remaining on the five-year lease. The rent is £22,000 per annum and the asking price is £79,995.
https://hiltonsmythe.com/businesses-for-sale/highly-rated-cafe-business-for-sale-6984/
Coffee Bank, High Road, East Finchley
This café is located close to East Finchley station and is currently owned by a married couple who spent “considerable money” in setting up the business.
The listing explains: “The business is now being sold, albeit reluctantly and with heavy hearts only due to the owners wishes to pursue a change of direction and spend more time with their young family.
“The vendors are keen to see their beloved coffee shop / café / pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.”
It holds an alcohol licence, but the menu mainly serves hot and cold drinks, breakfasts, sandwiches, smoothies, milkshakes, cakes, pasta and baked goods.
According to Hilton Smythe, the turnover is around £246,000.
The business is being sold on a leasehold basis, with seven years remaining on the 10-year lease. Rent is £45,000 per annum and rates are around £15,000 per annum.
It has an asking price of £89,999.
Polly’s, South End Road, Hampstead Heath
This café has a floor area of 968sq ft and is located just by Hampstead Heath station.
Of a 20-year lease, 11 years remain and the business in South End Road benefits from a restaurant drinks licence.
It includes two fridges, a domestic fridge/freezer, a chest freezer, small fridge, ice machine, industrial microwave oven, domestic cooker, hot cupboard, bain-marie, and two stainless steel preparation tables.
The takeaway section has a cappuccino coffee machine, display fridge, double door fridge, single door fridge, cash register, two blenders, milk shake machine, coffee grinder, hot water urn.
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