Turkish Restaurant in Croydon For Sale

Situated in a parade, prominent main road trading position, close to station, office and commercial area, SURREY CROYDON

Turnover £ 14,000
Price £175,000

Features

Award Winnng Licensed Turkish & Mediterranean Restaurant 5 Star Hygiene Rating

We understand planning permission has been granted to build 100's of flats within close proximity.

CONTEMPORY GLASS AND ALIMINIUM MODERN FRONTED extending to 78ft. Multiple sets of bifold doors opening up the full restaurant on the broad pavement. Licensed for alfresco dining. RESTAURANT in the region fo 2066 sq. ft. Pendant lights, wood laminate flooring. Reception area. Air conditioning. 26ft long fully fitted bar. Tables and chairs seating 80 persons (could be increased.)

KITCHEN. Tiled floor, LED tube lighting. Stainless steel extractor, gas steak grill, 4-burner hob, salamander, double pan chip fryer, 2m barbeque pit, plate warmer, 3 under-counter fridges, 3 upright fridges, 3 chest freezers, 2 display counter fridges, mincer machine, stainless steel preparation tables, double sink and drainer, washing machine, dishwasher, wash hand basin.

3 ladies' cloakrooms, 1 gentlemen's cloakroom all with disabled facilities

Turnover

WE ARE INFORMED by the owner the turnover currently averages £14,000 p.w. constantly increasing,with a gross profit of 65% approx.

Staff

The business is at present operated by a manager with 4 full time staff employed plus the assistance of 3 part time staff. We are informed the wage bill averages £3,000 p.w. approx.

Trading Hours

7 Day week
Sunday - Thursday - 12 noon - 10 p.m
Friday & Saturday 12 noon - 11 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2012 with reviews every 5 years (next review 2027) at a current rent of £55,000 p.a. plus VAT. In addition we understand there is a Service charge of £3,000 p.a. approx.

Business Rates from April 2021 £22,800 approx. (Please contact local authority to confirm)


REDUCED FOR QUICK SALE. OUTSTANDING OPPORTUNITY TO ACQUIRE AN AWARD WINNING RESTAURANT.

RETIREMENT SALE

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote