Turkish Restaurant and Cafe in North London For Sale

Situated in a parade, main road trading position, expanding area, not far from Football Ground, NORTH LONDON

Turnover £ 4,500
Price £59,500

Features

Licenced Fast Food Resturant

6 DAYS OPENING
FORECOURT WITH SEATING FOR 8 PEOPLE

SINGLE FRONTED PREMISES in the region of 705 ft² WITH ELECTRIC SHUTTERS AND CONOPY, tiled floor, ceiling with spot lights and hinging lights. Bar, EPOS till, Tables and chairs providing seating for 36 People, CCTV system (6 cameras, 1 monitor)

Cool display counter with refrigerated storage section, stainless steel extractor unit, charcoal grill, kebab machine, fridge's, freezer's, dish washer.

First Floor in the region of 110 ft².

Preparation room with fridges and feezers, double sink and drainer.

Walkin coldroom.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx.

Staff

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

Trading Hours

6 Day week
MONDAY - FRIDAY 9am - 7pm
SATURDAY 9am - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2010 with reviews every 4 years (next review 2026) at a current rent of £30,000 p.a.

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 £2,580 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

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote