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New operator sought for central London restaurant

Aiko, a well-established restaurant, centrally located in London, has been brought to the market via Christie & Co, with an asking price of £80k on a leasehold basis.

The business currently trades as an Italian-Japanese fusion restaurant and takeaway.

Aiko occupies the ground and basement floors of a building located in a prime position on Chancery Lane. The ground floor comprises a dining space, counter and well-equipped kitchen which benefits from extraction. The basement level features a second dining space and bar, bathrooms and storage area.

The current owners have operated the business since 2005, and since signing a new 16-year lease this year, have decided to sell their interest in the property and business to move onto new career paths.

The sale of Aiko provides an exciting opportunity for an operator to acquire a well-established Asian restaurant and takeaway, which benefits from a central London location and a premises license to trade until midnight.

At present, the current owners trade during limited hours throughout weekdays, so there is scope for the new owner to extend trading hours and to trade over the weekends, to drive revenue growth.

James Laskowski, Assistant Broker at Christie & Co is handling the sale and commented, “Aiko offers prospective purchasers an opportunity to operate a busy takeaway and restaurant, with strong potential for future revenue growth, in the heart of London; retaining the current Asian offering or introducing a new concept .

'The size of the unit, its lease, premises license and location will undoubtedly attract a large number of corporate and independent operators.”