Modern Turkish Restaurant in Middlesex For Sale

Sought after trading position, close to the river, MIDDLESEX

Turnover £ 11,000
Price £135,000

Features

Modern Licensed Turkish Restaurant

FORECOURT WITH SEATING FOR 40 PEOPLE.

DOUBLE FRONTED PREMISES, laminated strip floor, spot lights & Hanging lights, Bar, 5 x drinks display fridge (glass fronted upright), EPOS till, Tables and chairs providing seating for 65 People, CCTV system (9 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, charcoal grill, induction cooker, 2 x Deep fryer, hot plate, bain marie, 5 x fridge, 3 x freezer, preparation table, dishwasher, microwave.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,000 p.w. with a Gross profit of 65% approx. (30% VIA PORTALS)

Staff

The business is at present operated by 2 partners with 4 full time staff employed.

Trading Hours

7 Day week
FRIDAY - MONDAY 12 noon - 10.30pm
TUESDAY - THURSDAY 4pm - 10.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 12 years in 2022 with reviews every 4 years (next review 2030) at a current rent of £30,000 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 IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 67,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote