Restaurant/cafe for sale in Wells Terrace, London N4

Business Description for Zoopla:

Viet Pho & Bobaguettes
Location: Finsbury Park, London N4 3JU
Price: Over £85,000

Description:
Take the reins of a thriving and beloved Vietnamese cafe situated in the bustling area of Finsbury Park—Viet Pho & Bobaguettes. This cafe is a local gem, known for serving up authentic Vietnamese dishes such as pho, banh mi, and bubble tea. Positioned just a few steps from Finsbury Park Station, the location guarantees a steady flow of foot traffic, drawing in commuters, students, and locals alike.

Staff & Operations:

Staffing: The business currently employs 1 full-time chef, 1 part-time chef, and 3 full-time waitstaff, with total monthly staffing costs at £8,215.
Stock: The cafe maintains a monthly stock level of over £1,000 to ensure high-quality, fresh ingredients for all dishes.
Utilities: Water costs are approximately £300 per month, with electricity costs yet to be confirmed.
Financials & Lease Details:

Rent: The property is leased at a competitive rate of £26,000 per year (£2,166 per month), with 10 years remaining on the lease.
Rates: The business benefits from a substantial 75% discount on business rates, reducing the annual cost to just £3,000.
Total Monthly Expenses: The overall monthly expense amounts to approximately £11,681, offering a clear overview of operating costs.
Revenue: The cafe generates a revenue of around £14,000 per month, ensuring profitability and a strong return on investment.
Key Features:

Prime Location: Just steps away from Finsbury Park Station, ensuring high visibility and a constant influx of customers.
Authentic Vietnamese Cuisine: Specializes in popular dishes like pho and banh mi, alongside refreshing bubble tea, attracting a loyal customer base.
Modern, Inviting Interior: The cafe boasts a sleek, well-maintained interior with a cozy seating area perfect for both dine-in customers and those on the go.
Strong Financials: With solid monthly revenue and manageable expenses, the cafe presents a lucrative business opportunity.
Growth Potential: The cafe is poised for further growth, whether by extending operating hours, expanding the menu, or increasing delivery services.
Why Invest?
This is a rare opportunity to acquire a well-established business in a vibrant and busy part of London. With a strong customer base, prime location, and room for growth, Viet Pho & Bobaguettes is the perfect venture for someone looking to enter or expand in London’s competitive food scene.

If you’re interested in exploring this opportunity further, please get in touch for more details and to arrange a viewing.