Restaurant specialist Sidney Phillips is delighted to announce instructions to market for sale a long-established and successful restaurant in the Russell Square area of London.
Cosmoba is situated in the Russell Square area of London, an area that plays host to a number of educational facilities including the University of London, University College of London, London School of Hygiene & Tropical Medicine and RADA. The area is awash with medical and research staff based in the neighbouring Great Ormond Street Hospital and nearby University College Hospital.
Russell Square has a strong concentration of small, medium and large hotels surrounding the British Museum which draws strong trade to the neighbouring hospitality business.
Cosmoba occupies a ground floor and basement lock up unit of a Grade II listed property, measuring in the region of 1,041 sq ft (GIA), situated along the pedestrian Cosmo Place, nestled between Southampton Row and Queen Square Gardens. It benefits from two dining areas with seating for 40 to 45 diners, which could well be extended by a further 20 covers by utilising a former basement restaurant area. The premises also benefits from an attractive covered trade patio for 16 customers to the front of the property.
The business has been under the same ownership since the 1980's and during this time has developed a strong reputation as an authentic and popular family run Italian eatery. Custom is predominantly sourced from visitors staying in the numerous nearby hotels, as well as doctors and workers from the neighbouring hospitals and city workers utilising the nearby rail connections at Russell Square, Holborn, Euston and St Pancras International.
Regional Valuations Manager Robert Cockayne said: “This is a great opportunity for an experienced operator or a first time buyer alike, who could take over the already well established and profitable business and further turnover with an extended marketing campaign. Although the business is currently run on a ‘hands on’ basis, it does provide flexibility to be run under management if desired.”
The leasehold interest of Cosmoba is available to purchase off an asking price of £185,000.
For further information about this restaurant for sale, other restaurants for sale or how to buy a business please call Sidney Phillips on 01892 725900.