Modern Turkish Restaurant & Bar in Central London For Sale

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

Turnover £ 1,000
Price £350,000

Features

Modern Licensed Turkish Restaurant and Bar

5 STAR HYGIENE RATING.

SEATING TO THE FRONT FOR 4 CUSTOMERS

BASEMENT PREMISES in the region of 1,076 ft²

SINGLE FRONTED PREMISES, in the region of 900 ft², CCTV (12 cameras), marble flooring, plasterboard ceiling with spot lights.

Tables and chairs providing seating for 45 / 50 customers.

BAR - Electric cash register, coffee machine (2 group), grinder, knock our drawer, under counter fridges, ice maker, wash hand basin.

Ladies' cloakroom with toilet and wash hand basin
Gentlemen's cloakroom with toilet and wash hand basin

SEPARATE KITCHEN - Stainless steel extractor, double basket deep fat fryer, 6 burner hob, oven, charcoal grill, microwave, plate warmer, large meat fridge, drinks fridge, triple door, double sink and drainer, stainless steel table, etc.

Walkin cold room.
Walkin freezer.

Staff room with shower, toilet and wash hand basin.


Stairs to BASEMENT, in the region of 1,076 ft².

FUNCTION ROOM, seating for 40 customers.

BAR, dance floor with lighting, blue tooth speakers.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a Gross profit of 65% approx.

Staff

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

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 (private landlord) granted for 15 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £55,000 p.a.

Business Rates from April 2025 £16,000 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 VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote