Cafe & Licensed Turkish Restaurant in Southampton For Sale

Situated in a parade, excellent main road trading position, residential area, close to train station, HAMPSHIRE. SOUTHAMPTON

Turnover £ 6,000
Price £120,000

Features

Daytime Cafe & Turkish Restaurant with Bar (full On Licence)

NEWLY FITTED 2021

PREMISES extended in excess of 1,000 ft²

SINGLE FRONTED Air conditioned premises with tiled floor. BAR area with 3 group coffee machine, cash register. Tables and chairs providing seating for 55 persons.

OPEN PLAN KITCHEN stainless steel extractor unit, electric cooker, 3 commercial microwaves, 2-pan deep fryer, 3 stainless steel fridges, 4 stainless steel freezers, preparation table, double sink and drainer.

Stock room

Disabled toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 65% approx. We understand the split of turnover is 50% café & 50% restaurant.

Staff

The business is at present operated by the vendor with assistance of 1 full chef, 2 servers and 1 part time servers at the weekends.

Trading Hours

CAFÉ SECTION
MONDAY - SUNDAY 7am - 3pm

RESTAURANT SECTION
MONDAY - SUNDAY 4pm - 11pm

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT with Gas Fired Central Heating, Double-glazed windows in GOOD CONDITION over 2 floors:

3 Bedrooms (1 double, 2 Single)
Shower room with shower, w.c. and wash hand basin
Lounge

Outside

Rear garden

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2013 with reviews every 5 years (next review 2023) at a current rent of £12,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote