Turkish Restaurant & Takeaway in North London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, NORTH LONDON

Turnover £ 6,000
Price £50,000

Features

Turkish Restaurant & Takeaway

DOUBLE FRONTED PREMISES 635ft² with canopy. Tiled floor. Tables and chairs providing seating for 40 persons. Illuminated menu display sign, cash register, cool display counter with refrigerated storage section, kebab machine, double deep fryer, fridge, 2 freezers, glass fronted drinks fridge (owned), Meza fridge, double door vegetable fridge, stainless steel extractor unit, 1 charcoal grill, oven, etc.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 1 full time and 3 part time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY 12pm - 11pm
FRIDAY - SATURDAY 12pm - 12am
SUNDAY 12pm - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2019 with reviews every 4 years (next review 2023) at a current rent of £18,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote