Licensed Turkish Restaurant in West London For Sale

Situated in a Parade, excellent main road trading position, residential and commercial area, WEST LONDON

Turnover £ 10,500
Price £299,000

Features

Immaculate, Staff Run, Licensed Turkish Restaurant

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 1,300 ft², CCTV (6 cameras), Laminate flooring, sound-proof ceiling with spotlights, wall and pendant lighting.

Customer waiting area.

Tables and chairs seating 56 customers (could be increased.)

BAR - Touch screen (EPOS) cash registers. Under counter fridges, glass washer, 2 group coffee machine (on lease), grinder (on lease), wash hand basin, sound system.

Ladies cloak room 2 cubicles and wash hand basin.

Gents 1 cubicle and 1 urinal.

OPEN PLAN KITCHEN - Stainless steel extractor, burner hob with oven beath, Falcon grill, double basket deep fat fryer, Rationale Oven, microwave, bain marie, toaster, 3 tall fridges, under counter fridge, ice cream freezer, dish washer, double sink and drainer, hand wash basin, stainless steel preparation table, etc

Walkin Fridge.

Stairs to BASEMENT in the region of 689 ft², used for private functions.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the Manager with the assistance of 5 full time and 2 part time staff.

Trading Hours

7 Day week
MONDAY 11 a.m. - 9 p.m.
TUESDAY - FRIDAY 11 a.m. - 10 p.m.
SATURDAY 9 a.m. - 10 p.m.
SUNDAY 9 a.m. - 1 p.m.

Outside

Parking for 2 vehicles.

Bin store.

Shed (dry goods storage).

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 2023 with reviews every 4 years (next review 2027) at a current rent of £39,000 p.a.

Business Rates from April 2025 £12,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024 AND OFFERED SOLELY FOR SALE DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £299,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 149,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote