Turkish Restaurant & Cocktail Bar in Chatham For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, CHATHAM, Kent.

Turnover £ 23,000
Price £250,000

Features

Modern Turkish Restaurant & Cocktail Bar

4 STAR HYGIENE RATING

Outside seating for 50 people.

Striking sheer glass frontage - Air Conditioned premises (3,000 sq ft approx.) - Tiled flooring, suspended ceiling with chataracter pendants.

Tables and chairs (internally) seating 90 people

Bar - 2 EPOS Tills - 2 double door undercounter fridge, 3 stainless steel undercounter fridges, ice machine, glass washer, coffee machine (2 group), grinder, knock out drawer, wash hand basin.

Customer cloakrroms (2 toilets and wash hand basins).

Disabled access cloakroom with toilet and wash hand basin.

Open plan front kitchen - Stainless steel extractor, Charocoal grill, 2 double basket deep fat fryers, doner machine, 4 deck pizza oven (electric), 2 microwaves, 3 counter top fridges, fridge, stainless steel work surfaces, wash hand basin, sink, etc,

PREPARATION KITCHEN - Stainless steel work surfaces, double sink and drainer, counter top freezer, double door fridge, etc,

Store room

Walkin Chiller

Walkin Freezer

Beer cellar

Staff room / changing facility.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £23,000 p.w. with a Gross profit of 75% approx.

Staff

The business is at present operated by the Manager with the assistance of 2 full time and 6 part time staff employed.

We are informed the wage bill averages £4,250 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY inclusive Midday - 10 pm

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 2021 with reviews every 5 years (next review 2026) at a current rent of £65,000 p.a. plus VAT

Business Rates from April 2024 £7,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote