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Turkish Restaurant in North London For Sale

Turkish Restaurant in North London For Sale
Turkish Restaurant in North London For Sale Buy a Turkish Restaurant in North London For Sale Sell a Turkish Restaurant in North London For Sale Turkish Restaurant in North London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, busy road, NORTH LONDON

Turnover 8,000
Price 221,000

Features

Spacious Licensed Turkish Restaurant

SPACIOUS SINGLE FRONTED RESTAURANT with woodstrip floor, wall lighting, ceiling lighting plus 1 chandelier. Tables & chairs providing seating for 90 persons. Cool display serveover counter with refrigerated storage section, Dispense bar.

OPEN PLAN KITCHEN AREA with tiled walls, stainless steel extractor plus 1 small stainless steel extractor, 1 kebab machine, large charcoal grill, deep fryer, 4-pot bain marie, sink etc.

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

Stairs to large basement with tiled floor, 2-deck pizza oven, 2 chest deep freezers, 2 fridges, walk-in coldroom, gas cooker

In our opinion the basement area has potential for development as an additional seating area for customers, subject to the necessary planning permission.

Turnover

WE ARE INFORMED the turnover averages 8,000/10,000 p.w. including takeaway, in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending March, 2018 showed 352,000 with a gross profit of 256,000.

Staff

The business is at present operated by a husband & wife team with the assistance of 2 full time and 3 part time staff.

Trading Hours

11.30 a.m. - 2 a.m. seven days per week

Outside

Service road at rear of parade for deliveries

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 16 years unexpired at a rental of 28,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 8,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 16 YEARS AND THERE ARE GENUINE REASONS FOR SALE

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS RESTAURANT IN THIS EXPANDING AREA

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of 221,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 110,500 (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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