Turkish Restaurant in Surrey For Sale

Situated in a parade, prominent main road trading position, close to station, office and commercial area, SURREY

Turnover £ 5,500
Price £225,000

Features

Licensed Turkish & Mediterranean Restaurant

CONTEMPORY GLASS AND ALIMINIUM FRONTED PREMISES. 2 SETS OF TRIPLE BIFOLD DOORS. Potential for alfresco dining. Pendant lights, wood laminate floor. Reception area. Tables and chairs seating 80 persons (could be increased.)

KITCHEN. Tiled floor, led tube light. Stainless steel extractor, gas steak grill, 4-burner hob, salamander, double pan chip fryer, 2m barbeque pit, plate warmer, 3 under-counter fridges, 3 upright fridges, 3 chest freezers, 2 display counter fridges, mincer machine, stainless steel preparation tables, double sink and drainer, washing machine, dishwasher, wash hand basin.

3 ladies' cloakrooms, 1 gentlemen's cloakroom all with disabled facilities

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by a manager with 4 full time staff employed plus the assistance of 3 part time staff. We are informed the wage bill averages £3,000 p.w. approx.

Trading Hours

7 Day week
Sunday - Thursday - 12 noon - 10 pm
Friday & Saturday 12 noon - 11 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2012 with reviews every 5 years (next review 2027) at a current rent of £55,000 p.a. plus VAT. In addition we understand there is a Service charge of £3,000 p.a. approx.

Business Rates from April 2021 £22,800 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £225,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 112,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote