Turkish Restaurant & Takeaway in Stoke Newington For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, NORTH LONDON STOKE NEWINGTON

Turnover £ 6,000
Price £99,000

Features

Turkish Restaurant & Takeaway

DOUBLE FRONTED PREMISES 635ft² with canopy. Tiled floor. Tables and chairs providing seating for 40 persons . Illuminated menu display sign, cash register, cool display counter with refrigerated storage section, kebab machine, double deep fryer, fridge, 2 freezers, glass fronted drinks fridge (owned), Meza fridge, double door vegetable fridge, stainless steel extractor unit, 1 charcoal grill, oven, etc.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 1 full time and 3 part time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY 12pm - 11pm
FRIDAY - SATURDAY 12pm - 12am
SUNDAY 12pm - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2019 with reviews every 4 years (next review 2023) at a current rent of £18,000 p.a.

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote