- Listing ID: 858858
- (Seller ref: R9885)
Attractive North London Licensed Restaurant For Sale
- Location:
-
- UK
- > North London
- Category:
- Type:
Listed by:
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Summary
- Asking price:
- £135,000
- Turnover:
- £260,000
- Net profit:
- Available on request
- Employees:
- The business is at present operated by a lady vendor with the assistance of her husband plus family plus 1 full time chef plus 2 part time kitchen staff and 3 waitresses.
)
Business description
Attractive Licensed Restaurant at present Turkish cuisine, which could obviously be continued and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.
SINGLE FRONTED RESTAURANT with woodstrip floor, wall and ceiling lighting. Tables and chairs providing seating for 55/60 persons. Bar with glasswasher, fridge.
Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Level kitchen with industrial non-slip floor. The equipment includes 1 4-burner gas cooker, charcoal grill, single deep fryer, 2 fridges, 2 deep freezes, double sink and drainer etc.
Property information
- Property:
- Leasehold
- Lease terms:
- We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £17,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £6,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
- Location:
- Situated in a parade, excellent main road trading position, LONDON, N
Other information
- Expansion potential:
- WE ARE INFORMED the turnover averages £5,000/£5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
- Reasons for selling:
- TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
- Trading hours:
- 12 noon - 11.30 p.m. seven days per week
- Financing available:
- SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Contact the seller
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