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Reference R7814

Mediterranean Turkish Restaurant in Islington For Sale

Mediterranean Turkish Restaurant in Islington For Sale
Buy a Mediterranean Turkish Restaurant in Islington For Sale Sell a Mediterranean Turkish Restaurant in Islington For Sale Mediterranean Turkish Restaurant in Islington For Sale for Sale

Register to see map and to make an appointment Excellent trading position, NORTH LONDON ISLINGTON

Turnover 17,000
Price 340,000

Features

Attractive well Fitted Licensed Restaurant

At present Turkish & Mediterranean cuisine

Front area with space for 4 tables & 8 chairs (We understand a Licence Fee of 800 p.a. is payable)

ATTRACTIVE DOUBLE FRONTED RESTAURANT with woodstrip floor, exposed brickwork to walls, ceiling with spotlighting plus hanging lighting. 2 air conditioning/heating units. Seating 40. BAR SERVERY. The equipment includes 2 group coffee machine, coffee grinder.

OPEN PLAN KITCHEN AREA, stainless steel extractor plus stainless steel cladding to walls, 6-burner gas cooker with oven, double deep fryer, 4 double door stainless steel counter fridges, 2 sinks.

Ladies'/disabled cloakroom with w.c. & wash hand basin
Gentlemen's cloakroom with w.c. & wash hand basin

Stairs to BASEMENT. LARGE KITCHEN/PREPARATION ROOM. 2 walk-in coldrooms, 1 chest deep freezer, double sink

Turnover

WE UNDERSTAND the restaurant commenced trading as Turkish/Mediterranean cuisine approximately 1 year ago & we are informed the turnover currently is in the region of 17,000 p.w.

Staff

The restaurant is at present operated by the vendor with the assistance of her husband (who is a chef) plus 1 full time chef. In addition in the kitchen there is 1 full time & 1 part time staff for preparation. Restaurant area 4 full time waitresses.

Trading Hours

Seven days per week. 12 noon - 3 p.m. & re-opening at 5 p.m. - 12 midnight (We understand the kitchen closes at 11 p.m. each evening)

Outside

Small yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of 20,000 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter.

Uniform Business Rates: 12,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 340,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 170,000 (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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