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Turkish Restaurant In Norbury For Sale

Norbury, London
Asking Price:
£115,000
Turnover:
Under £50K
Net Profit:
£50K - £100K

1,000 sq ft air conditioned restaurant with a custom terrace to front and canopy, taking £7,000 pw on 6 day trading, Spent over £110,000 on refit. Secure renewable lease with 5 yearly reviews @ £12,500 pa. No rates.

Property information

Property:

Leasehold

Lease Terms:

Renewable lease with 5 yearly reviews at a current rent of £12,500 pa.

Leasehold Rent:

£12,500 per annum

Location:

Situated between Norbury and Thornton Heath stations within a 10 minute walk from the main shopping area, close to Croydon and Streatham.

Premises Details:

Fully air conditioned and equipped with a large charcoal grill, a Parry 4 pot Baine Marie, a 3 door stainless steel preparation fridge, a pizza oven Multifaci, a Polar ice machine, a Hobart dishwasher, a 6 burner gas cooker/oven, a Daewoo industrial microwave oven, a 2 chest freezer, an industrial mixer, a walk in cold room, a mincer, a cappuccino machine and grinder, 2 double bar fridges, a glass washer, cash register, furniture, etc.

Size in square feet:
The business is family run taking on average £6,500/£7,000 pw at 65% gp. The owner proposes to semi retire.

Business Operation

Competition / Market:

The business is family run taking on average £6,500/£7,000 pw at 65% gp. The owner proposes to semi retire.

Reasons for selling:

The owner proposes to semi retire.

Trading hours:

Tuesday to Sunday noon to 11 pm. Closed on Mondays.

Contact Information

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