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Reference R2044

Turkish Restaurant in South London For Sale

Turkish Restaurant in South London For Sale
Turkish Restaurant in South London For Sale Buy a Turkish Restaurant in South London For Sale

Register to see map and to make an appointment Situated in a Parade, excellent main road trading position, residential, office and commercial area, SW London

Price £150,000

Features

Old Established Licensed Turkish Restaurant

5 STAR HYGIENE RATING
6 DAYS OPENING

Established Over 30 years

The business currently trades as a licensed Turkish restaurant, which could obviously be continued or in our opinion there is massive potential for other types of cuisine, if desired.

SINGLE FRONTED PREMISES recently refurbished in the region of 950 ft² WITH CANOPY, tiled floors, suspended ceiling with spot and hanging lights plus wall lighting, cool display counter with refrigerated storage section, 3 doner machines, deep fryer, charcoal grill. Full length display counters with LED lighting. Bespoke oak tables and chairs/benches providing seating for minimum 44 covers, CCTV system (8 cameras, 1 monitor), Speaker system, Fire Alarm System, Daikin air-conditioning.

BASEMENT in the region of 800 ft².

Walkin coldrooms (fridge/freezer)

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

Office.

Turnover

WE UNDERSTAND the vendor enjoys a good turnover and it can easily achive £6,000 to £7,000 a week, full details of which will be discussed upon inspection.

Amazing potential to increase turnover as we have a late night license and can operate if desired to expand menu to serve breakfast, lunch and dinner.

Staff

The business is at present operated by family members.

Trading Hours

6 Day week
SUNDAY, TUESDAY - THURSDAY 5pm - 10pm
FRIDAY 12pm - MIDNIGHT
SATURDAY 5pm - MIDNIGHT

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE at terms to be agreed with a starting rent in the region of £30,000

Business Rates from April 2023 £3,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2001, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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