Halal Turkish Restaurant in North London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, NW LONDON

Price £230,000

Features

Halal Turkish Restaurant

5 STAR HYGIENE RATING
LATE LICENCE
ALCOHOL LICENCE (Not utilised)

DOUBLE FRONTED PREMISES in the region of 1,250 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with spot and hanging lighting. Bar, 2 EPOS tills, Tables and chairs providing seating for 80 People, CCTV system (16 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, cool display counter with refrigerated storage section, charcoal grill, flat grill, grill, deep fryer (2 pan), 2 kebab machine, bain marie,, refrigerated making table, hot plate

Separate rear Kitchen with stainless steel extractor unit, Deep fryer, bain marie, preparation table, Cooker (Gas 6-burner), Large fridge, under counter fridge, 4 x freezers, cake fridge, mixer, double sink and drainer.

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

Office.

Turnover

WE UNDERSTAND the business enjoys a good turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by 2 Fmaily members with 2 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 11am - 12 Midnight
SUNDAY 11am - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on 2 SECURE RENEWABLE lease (private landlord) granted for 16 years in 2014 with reviews every 4 years (next review 2030) at a current rent of £47,500 p.a. (combined rent)

Business Rates from April 2025 £9,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £230,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 115,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote