Modern Turkish Restaurant in Eltham For Sale

Excellent main road trading position, SE LONDON ELTHAM

Turnover £ 20,000
Price £320,000

Features

Modern Turkish Restaurant & Takeaway

TRIPLE FRONTED PREMISES in the region of 2,905 ft² trading as a Restaurant and adjoining Takeaway - CCTV (20 cameras.)

RESTAURANT. Marble tiled flooring, contemporary pendant lighting with industrial style air conditioning. Tables and chairs seating 120 people.

BAR. Stools seating 7 persons. Cash register, coffee machine, 6 hand pumps for draft beer, under-counter fridges, ice machine, glass washer.

Ladies' cloakroom with toilet, sink and mirror

Gentlemen's cloakroom with toilet and sink

OPEN PLAN KITCHEN. Stainless steel extractor. Charcoal grill, double basket deep fat fryer, cooker, bread oven, 2 doner machines, hot cabinet, large display chiller, single door fridge, under-counter fridges, chest freezers, double sink and drainer, stainless steel preparation tables.

Staff toilet with wash hand basin

Storeroom

Office

Walk-in cold room

TAKEAWAY SECTION. Customer waiting area with seating. Sales counter. Television, display chiller.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £20,000 p.w. with a gross profit of 60% approx.

Staff

The business is at present operated by 3 partners with 3 full time staff employed plus the assistance of 4 part time staff.

Trading Hours

7 Day week

Restaurant
MONDAY - SUNDAY 11 a.m - 11 p.m

Takeaway section
11.30 a.m. - 11 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2022 with reviews every 3 years (next review 2025) at a current rent of £55,000 p.a.

Business Rates from April 2023 £9,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES AND FITTINGS £320,000 o.n.o. plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 160,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote