New Row, London, WC2N

Restaurant ~ New instructionReference ID: 3445

£230,000 (£53,077 PW)

Description

Indian Restaurant & Cafe Business for Sale near Leicester Square in West End, Central London

A lucrative opportunity to acquire a high-spec Indian restaurant and cafe in the heart of London's vibrant Covent Garden (WC2N). This exceptional establishment boasts a prime location with a strong trading history and significant growth potential.

Note: It is compulsory for prospective enquirers to have an existing business with strong accounts.

Key Features:

  • Impressive Weekly Sales: Generating £13,000-£15,000 per week, with sales increasing to £18,000 during peak season, combining both restaurant and catering revenue. This translates to an approximate annual turnover of £780,000 - £936,000.
  • Prime Covent Garden Location: Situated in one of London's most sought-after and high-footfall areas.
  • Planning Use Class: Operates under Class E (Commercial, Business and Service), which incorporates the former A3 (Restaurant and Cafe) use class, allowing for the sale of food or drink for consumption on the premises.
  • High-End Fit-Out: Fully fitted out to an exceptional standard, with a complete new kitchen and equipment, all still under warranty until July 2025. A significant investment of approximately £600,000 was made in the upscale fit-out.
  • Spacious Premises: Spanning 1273 sq ft, the layout includes:
  •  
    • Ground Floor (805 sq ft): Seating for 40 patrons indoors, complemented by outdoor seating for 10, and a fully equipped bar area.
    • Basement (468 sq ft): Comprising male & female W/C facilities, a modern kitchen, cold storage, an office, general storage, and a changing/locker room for staff.
  • Favourable Lease Terms: 5 years remaining on a renewable lease, with rent at £96,000 per annum or 12% of turnover over £800,000, whichever is higher.
  • Rates: £28,500 per annum payable.
  • Service Charge: £20,000 per annum plus VAT.
  • Established Trading Hours: Open Monday to Thursday from 11 am to 9 pm; Friday to Saturday from 11 am to 10 pm; and Sunday from 11 am to 8 pm.
  • Experienced Staff: A dedicated team of 7 full-time and 3 part-time staff members ensures smooth operations.
  • Reason for Sale: The current owner is divesting due to commitments with other businesses.
  • Asking Price: £230,000.

This is an ideal acquisition for an experienced restaurateur with an existing business and strong financial accounts, looking for a turnkey operation in a prime London location with a proven track record and considerable scope for further development.


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Map & nearby

Primary
Soho Parish CofE Primary School
Primary Distance: 0.27m
College
City Lit
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Primary
St Clement Danes CofE Primary School
Primary Distance: 0.41m
Primary
St Josephs Primary School
Primary Distance: 0.42m
College
Fashion Retail Academy
College Distance: 0.45m
College
The Mary Ward Centre (AE Centre)
College Distance: 0.70m
Primary
All Souls CofE Primary School
Primary Distance: 0.72m
Primary
St George the Martyr Church of England Primary School
Primary Distance: 0.90m
Secondary
London Nautical School
Secondary Distance: 0.93m
Primary
St Alban's Church of England Primary School
Primary Distance: 0.95m
Primary
St George's Hanover Square CofE Primary School
Primary Distance: 0.96m
Primary
St Matthew's School, Westminster
Primary Distance: 0.99m
Nursery
Thomas Coram Centre
Nursery Distance: 1.01m
Primary
Christopher Hatton Primary School
Primary Distance: 1.03m
Primary
Oasis Academy Johanna
Primary Distance: 1.04m
Secondary
Westminster City School
Secondary Distance: 1.05m
Secondary
The Grey Coat Hospital
Secondary Distance: 1.11m
College
Westminster Kingsway College
College Distance: 1.14m
Leicester Square (Stop J)
Bus Distance: 0.08m
Leicester Square Underground Station
Tube Distance: 0.08m
Leicester Square (S-bound)
Bus Distance: 0.08m
Leicester Square (Stop L)
Bus Distance: 0.09m
St James', St Martin's Place (Stop K)
Bus Distance: 0.10m
Soho, Cambridge Circus (WC2) (Stop M)
Bus Distance: 0.13m
Charing Cross, Bedford Street (Stop J)
Bus Distance: 0.17m
Covent Garden Underground Station
Tube Distance: 0.17m
Trafalgar SquareCharing Cross (Stop G)
Bus Distance: 0.17m
Charing Cross (Stop H)
Bus Distance: 0.19m
Soho, Cambridge Circus (WC2) (Stop D)
Bus Distance: 0.20m
Soho, Cambridge Circus (WC2) (Stop B)
Bus Distance: 0.20m
London Charing Cross Rail Station
Train Distance: 0.23m
Charing Cross Underground Station
Tube Distance: 0.26m
Piccadilly Circus Underground Station
Tube Distance: 0.32m
Embankment Underground Station
Tube Distance: 0.33m
Tottenham Court Road Underground Station
Tube Distance: 0.40m
Holborn Underground Station
Tube Distance: 0.52m
Temple Underground Station
Tube Distance: 0.53m
Westminster Underground Station
Tube Distance: 0.68m
Oxford Circus Underground Station
Tube Distance: 0.72m
London Waterloo Rail Station
Train Distance: 0.79m
London Waterloo East Rail Station
Train Distance: 0.90m
London Blackfriars Rail Station
Train Distance: 1.00m
City of London, City Thameslink Rail Station
Train Distance: 1.01m
Farringdon Rail Station
Train Distance: 1.11m
London Euston Rail Station
Train Distance: 1.22m
London Victoria Rail Station
Train Distance: 1.34m
King's Cross, London Kings Cross Rail Station
Train Distance: 1.38m
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Information

Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.

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Contact agent

Jaz Babbar
Jaz Babbar
Galaxy Real Estate

Details about

New Row, , WC2N

£230,000
(£53,077 PW)
  • Restaurant
  • 0 Reception
  • 1 Bathroom
  • Studio Bedroom
  • Garden: Yes
  • Parking: Yes
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Key features

  • Business for Sale
  • 5 mins from Leicester Square Station
  • Central London
  • Seating for 40 pax
    • Fully Fitted Restaurant
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