Turkish Restaurant & Cocktail Bar in Eastbourne For Sale

Situated in a parade, excellent trading position, close to Marks & Spencer, EAST SUSSEX. EASTBOURNE

Turnover £ 12,000
Price £190,000

Features

Turkish Restaurant & Cocktail Bar

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 2,300 ft² with ELECTRIC SHUTTERS. Woodstrip floor, ceiling with spotlights. Bar with seating for 15 persons. EPOS till. Tables and chairs providing seating for 100 persons. CCTV system (12 cameras, 2 monitor).

KITCHEN. Stainless steel extractor unit, 8-burner gas cooker, charcoal grill, bread machine, microwave, dishwasher, double sink and drainer, 3 freezers, 3 double fridges.

Ladies' & gentleman's toilet with w.c. and wash hand basin.

3 walk-in coldrooms

Stockroom / Storeroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 p.w. with a gross profit of 65% approx. (15% DELIVERIES)

Staff

The business is at present operated by a manager with 2 chefs, 1 kitchen hand, barman with the assistance of 3 waitresses

Trading Hours

7 Day week
MONDAY - SUNDAY 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 10 years in 2022 with reviews every 3 years (next review 2025) at a current rent of £40,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £190,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 95,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote