Turkish Restaurant in North London For Sale

Situated in a parade, main road trading position, residential and commercial area, N.W. LONDON

Turnover £ 21,000
Price £405,000

Features

Licenced Turkish Restaurant

Alcohol licence not utilised
5 STAR HYGIENE RATING.

DOUBLE FRONTED CORNER RESTAURANT in the region of 1,475 ft² with tiled floor, hanging lights, cool display counter with refrigerated storage section, charcoal grill, 2 x kebab machine, EPOS till, CCTV system (12 cameras, 1 monitor), Tables and chairs providing seating for 64 People.

Kitchen with stainless steel extractor unit, Oven, deep freezes, fridge, double sink and drainer.

Walkin coldroom.

Store room.

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

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £21,000 p.w. with a Gross profit of 65% approx. (£5,000 via portals)

Staff

The business is at present operated by the 1 of the partners with 7 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 11am - 5am

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 2019 with reviews every 5 years (next review 2029) at a current rent of £55,000 p.a.

Business Rates from April 2026 £14,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2006, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £405,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 202,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote