Status: For Sale
Tenure: Leasehold
Leasehold Rent: £96,000 per annum
Turnover: £116,597
Fine Dining Restaurant North LondonFine Dining Restaurant North LondonFine Dining Restaurant North LondonFine Dining Restaurant North LondonFine Dining Restaurant North LondonFine Dining Restaurant North LondonFine Dining Restaurant North LondonFine Dining Restaurant North London
£370,000 + SAV

Fine Dining Restaurant North London

For Sale
  • Reference: 14078 J
  • Location: London, City of London
Hilton Smythe are delighted to offer to the market Cornelius Restaurant, one of north London's finest dining experiences. Established by our client in 2016 and now offered to the market due to him and his family moving abroad.

The breath-taking restaurant has undergone a £300,000 refurbishment by our client, who has also developed a menu of modern European and Mediterranean cuisine.

The very large restaurant has an open plan dining room to the ground floor and additional dining room areas and events rooms to the first floor. They take bookings for dinner, wedding parties, corporate events, christenings and private parties.

Any new buyer could continue the successful menu introduced by our client or add their own.

The premise is licenced till 12 during the week and at 2am at weekends.

The business has an exceptional interactive website. This boasts ample information and also includes a photo gallery and menu. Bookings can also be taken via the site. The site can be found at www.restaurantcornelius.co.uk.

TENURE

Long leasehold business opportunity.

20 years originally.
16 years remaining as of 2017.
Rent £96,000 per annum.

Rates are £20,000 per annum.

HOURS

Monday: closed
Tuesday to Thursday: 2pm - 11pm
Friday: 2pm - 1.30am
Saturday: 12pm - 1.30am
Sunday: 12pm - 11.45pm

STAFF

The restaurant is run by a manager, plus 4 full time and 6 part time members of staff.

FINANCIAL PROFILE

As per the 2016 accounts the business reports turnover in the region of £117,000.

Asset value over £360,000.
Cornelius Restaurant occupies a truly unique trading position within a former water pump house on river avenue, in the heart of Hornsey, north London. The highly desirable location sits on the cross section of Hornsey High Street, Church Lane, the A103 and centrally positioned between Crouch End in the south and Wood Green in the north.

The pump house is a distinctive quadruple height former Victorian pumping station and sits on the new river which leads up to Alexandra Palace and Park.

Hornsey main line station is located minutes away and the A10 link road from Essex to the centre of London is less than a 5 minutes' drive.

A contemporary mix of houses and apartments have been built directly behind the restaurant, popular with professionals working in the city which is just 7 miles south.

There is a private off-road car park for approximately 15 cars.
Hilton Smythe are delighted to offer to the market Cornelius Restaurant, one of north London's finest dining experiences. Established by our client in 2016 and now offered to the market due to him and his family moving abroad.

The breath-taking restaurant has undergone a £300,000 refurbishment by our client, who has also developed a menu of modern European and Mediterranean cuisine.

The very large restaurant has an open plan dining room to the ground floor and additional dining room areas and events rooms to the first floor. They take bookings for dinner, wedding parties, corporate events, christenings and private parties.

Any new buyer could continue the successful menu introduced by our client or add their own.

The premise is licenced till 12 during the week and at 2am at weekends.

The business has an exceptional interactive website. This boasts ample information and also includes a photo gallery and menu. Bookings can also be taken via the site. The site can be found at www.restaurantcornelius.co.uk.

Contact us today for more information

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