Licenced Turkish Restaurant in Middlesex For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Middlesex, Greater London.

Turnover £ 9,000
Price £180,000

Features

Well Established Licenced Turkish Restaurant


4 STAR HYGIENE RATING

SINGLE FRONTED AIR CONDITIONED PREMISES, in the region of 731 ft², WITH ELECTRIC SHUTTERS, Wood style synthetic flooring, suspended ceiling with spot lights.

Tables and chairs seating 60 people.

Bar - Touch screen cash register, under counter fridges, coffee machine, etc.

Ladies cloakroom with toilet and wash hand basin


Open Kitchen - Stainless steel extractor, oven, 6 burner, 2 deep fat fryers, 2m charcoal grill, 2 microwaves, Chest freezer, meat fridge, meze fridge, double sink and drainer, stainless steel preparation table, etc.

Walkin chiller.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w.- £10,000 p.w. with a Gross profit of 50% approx.

Staff

The business is at present operated by the 2 partners with 2 full time and 6 part time staff employed.

We are informed the wage bill averages £3,000 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 10 pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above;

First floor;

Fitted kitchen.
2 double bedrooms.
1 single bedroom.

Stairs to . .

Second floor.
2 double bedrooms.
Toilet with wash hand basin
Shower room - Shower, toilet and wash hand basin

Outside

Parking to rear.
Bin store

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2015 with reviews every 5 years (next review 2025) at a current rent of £32,000 p.a.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015 AND OFFERED FOR SALE SOLELY DUE TO THE VENDORS MOVING AWAY.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 90,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote