Property photos
Just added
Business
£219,999
Restaurant for sale
Lambeth, United Kingdom SW9Local area information
Property location
Nearby amenities
- Reay Primary School 0.2 miles
- Ashmole Primary School 0.2 miles
- Oval 0.2 miles
- Vauxhall 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Bostall Heath And Woods, Kennington and Newington to find out more about the local area.
Features and description
Business
Please quote reference B09360
Cogogo is delighted to bring to the market an established and well-regarded Eritrean restaurant located on the vibrant Brixton Road in South London.
The business has been under the current family ownership since April 2017, with the restaurant itself trading for over four decades and enjoying a strong reputation within the local community and beyond.
Known for its authentic cuisine and cultural dining experience, the restaurant benefits from repeat custom, strong word-of-mouth referrals, and consistent trade.
The sale is prompted by a change of direction, presenting an excellent opportunity for a new owner to build on a proven and profitable concept in a sought-after London location.
Early viewing is highly recommended.
Location
Situated on Brixton Road, the restaurant occupies a prominent position within a busy and diverse area of South London. The location benefits from strong footfall, excellent transport links, and proximity to residential and commercial hubs.
Premises
The business operates from two adjacent leasehold units, offering well-presented dining and kitchen facilities. The premises are suitably equipped for the current operation and maintained to a good standard.
Tenure
The business is offered on a leasehold basis. The current lease is for 10 years, with approximately 15 months remaining. The combined rent for the premises is £5,940 per annum.
Hours
Trading hours are set by the owners and offer flexibility for future adjustment.
Staff
The restaurant is currently operated with the support of 2 staff members.
Financial Profile
We are advised that the business generates a turnover of £414,980 with an adjusted net profit of £61,078. Additional rental income is received from two adjoining units, each producing approximately £25,000 per annum. Business rates are nil.
Please quote reference B09360
Cogogo is delighted to bring to the market an established and well-regarded Eritrean restaurant located on the vibrant Brixton Road in South London.
The business has been under the current family ownership since April 2017, with the restaurant itself trading for over four decades and enjoying a strong reputation within the local community and beyond.
Known for its authentic cuisine and cultural dining experience, the restaurant benefits from repeat custom, strong word-of-mouth referrals, and consistent trade.
The sale is prompted by a change of direction, presenting an excellent opportunity for a new owner to build on a proven and profitable concept in a sought-after London location.
Early viewing is highly recommended.
Location
Situated on Brixton Road, the restaurant occupies a prominent position within a busy and diverse area of South London. The location benefits from strong footfall, excellent transport links, and proximity to residential and commercial hubs.
Premises
The business operates from two adjacent leasehold units, offering well-presented dining and kitchen facilities. The premises are suitably equipped for the current operation and maintained to a good standard.
Tenure
The business is offered on a leasehold basis. The current lease is for 10 years, with approximately 15 months remaining. The combined rent for the premises is £5,940 per annum.
Hours
Trading hours are set by the owners and offer flexibility for future adjustment.
Staff
The restaurant is currently operated with the support of 2 staff members.
Financial Profile
We are advised that the business generates a turnover of £414,980 with an adjusted net profit of £61,078. Additional rental income is received from two adjoining units, each producing approximately £25,000 per annum. Business rates are nil.
More information
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