Licensed Turkish Restaurant in Purley For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, PURLEY, Surrey.

Turnover £ 10,000
Price £85,000

Features

Long Established Licensed Turkish Restaurant

5 STAR HYGIENE RATING

DOUBLE FRONTED AIR CONDITIONED (WARM & COLD) PREMISES in the region of 1,000 ft², CCTV (3 cameras), Ceramic tiled flooring, plasterboard ceiling with pendant lighting.

Tables and chairs seating 60 people.

Bar - Electric cash register, coffee machine (bean to cup), 2 undercounter friges, ice maker, glass washer, wash hand basin.

Ladies cloakroom with toilet and sink.
Gentleman's cloakroom with toilet and sink.

KITCHEN - Stainless steel extractor, Charcoal grill, double baset deep fat fryer, bain marie (3 pot), 2 microwave, 2 burner hob, salamander, meze fridge, 2 single door full height fridges, Foster undervcounter freezer, undercounter (poultry) fridge, 2 under counter fridges, 2 upright single door freezers, mincer, stainless steel preparation tables, double sink and drainer, dish washer, etc.

Store room to rear.

Walkin cold room,

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,500 p.w. - £11,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed. with the assistance of 3 part time staff.

Trading Hours

7 Day week
MONDAY 5pm - 10 pm
TUESDAY - SUNDAY 12 noon - 10 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £35,000 p.a. plus VAT

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

Business Rates from April 2024 £5,500 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2003, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote