Greek and Turkish Restaurant in Kent For Sale

Situated in a parade, prime High Street location, KENT

Turnover £ 12,500
Price £149,500

Features

Turkish & Greek Restaurant

FORECOURT WITH SEATING FOR 12 PERSONS

REAR GARDEN WITH SEATING 30 PERSONS

5 STAR HYGIENE RATING

At present operated as Turkish & Greek cuisine which could obviously be continued, in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS GROUND FLOOR RESTAURANT in the region of 3,350 ft² with quality woodstrip floor, inset spotlighting plus hanging lighting. Air conditioning. Tables & chairs plus upholstered bench seating providing seating for 80 persons. BAR, 2 double door glass fronted counter fridges, 1 single door glass fronted counter fridge, coffee machine, coffee grinder, sink, wine fridge. CCTV system (4 cameras, 1 monitor).

Ground floor disabled cloakroom with w.c. & wash hand basin

LARGE LEVEL KITCHEN with quarry tiled floor, tiled walls, stainless steel extractor. Charcoal grill, 6-burner gas cooker with oven, double deep fryer, meat fridge, double door stainless steel fridge, 4-door counter pizza fridge with refrigerated topping section, 2 double sinks each with drainer, dishwasher, glasswasher, walk-in coldroom etc.

FIRST FLOOR in the region of 1,700 ft²

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

It should be noted that on the first floor is a large area at present used for storage with 2 deep freezers, 1 double door fridge, ice machine. In our opinion this large area has terrific potential for redevelopment, subject to planning permission. We are advised there is potential for 6 studio flats or indeed 2 2-bedrooms flats which if undertaken could provide a substantial rental income, if desired..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 -£13,000 p.w. with a gross profit of 65% approx. (£1,500 DELIVERIES)

Staff

The business is at present operated by the vendor with 3 full time & 4 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 12 noon - 11 p.m
SUNDAY 12 noon - 9.30 p.m

Outside

Rear garden with parking space for 3 cars.

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 2020 with reviews every 5 years (next review 2030) at a current rent of £45,000 p.a.

Business Rates from April 2025 £17,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote