Turkish Grill Restaurant in Middlesex For Sale

Semi-detached property, excellent main road trading position, residential, office and commercial area, Middx.

Turnover £ 11,000
Price £185,000

Features

Licenced Turkish & Bar & Grill Restaurant

DOUBLE FRONTED PREMISES in the region of 2,265 ft² with laminated strip floor, suspended ceiling with spot and hanging lighting, Air conditioning with hot air. Bar, EPOS till. Tables and chairs providing seating for 90-100 People, CCTV system (2 cameras, 1 monitor).

Kitchen, stainless steel extractor unit, charcoal grill, dishwasher (commercial), 3 x fridge.
Walkin coldroom, Oven, pizza oven (2-deck), 2 x freezer, double sink and drainer.

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

Disabled Toilet with w.c. and wash hand basin.

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 / £12,000 p.w. with a Gross profit of 65% approx. (10% DELIVERIES)

Staff

The business is at present operated by the vendor with 1 full time & 4 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12noon - 10pm

Outside

Parking space for 2/3 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £36,000 p.a. + VAT

Business Rates from April 2024 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £185,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 92,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote