Turkish Restaurant in West Midlands For Sale

Prominent position in prestigious SHOPPING CENTRE locality, West Midlands.

Turnover £ 5,000
Price £95,000

Features

Fast Food Restaurant and Takeaway Specialising In Turkish Cuisine

5 STAR HYGIENE RATING.

OPEN PLAN, MODERN SPACIOUS PREMISES (approximately 2,450 sq ft) - CCTV 8 cameras.

Allocated seating for 120 customers.

Wooden flooring, LED lighting.

Sales counter, 5 x 55inch menu screens, EPOS cash register, warm display serve over unit, display fridge.

Open plan kitchen - Stainless steel extractor. Grill, elctrric three phase oven, doubt basket deep fat fryer, chip dump, Henny Penny chick warmer, rice cooker, microwave, bean to cup coffee machine, salad fridge, soft drinks fridge, double sink and drainer, stainless steel preparation tables,

Walking cold room

Walkin freezer

Store room.

Turnover

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

Staff

The business is at present operated by the manager with 2 full time and 5 part time staff employed.

We are informed the wage bill averages £1,600 p.w. approx.

Trading Hours

7 Day week
MONDAY - SATURDAY 8.30 am - 6 pm
SUNDAY 10 am - 4.30 pm
We are advised evening deliveries are permitted.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £50,000 p.a. plus VAT

In addition we understand there is a Service charge of £25,000 p.a. plus VAT approx. £2,000 approx. after small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE NOVEMBER 2023 AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S BUSINESS INTERESTS IN OTHER SECTORS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote