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Turkish & Mediterranean Restaurant In Central London For Sale

Central London,London,UK, ID 139910

Turkish & Mediterranean Restaurant In Central London For Sale 1
Turkish & Mediterranean Restaurant In Central London For Sale 1
Asking price:
GBP £85 000
Turnover (per year): £156 000 gbp
Owner
Owner's representative
179 business for sale

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Description

Double-fronted premises extending to approximately 1,140 sq ft and fitted with electric shutters. The interior includes wooden flooring, which requires attention, along with spot and tube lighting. Tables and chairs provide seating for 25 customers. Fixtures include a chilled glass-fronted display, electric cash register, cake display stand, double refrigerator, two contact grills, and a wash hand basin. Additional tables and chairs offer seating for a further 23 customers, with scope for expansion. A toilet is provided with WC and wash hand basin. The first floor comprises two rooms currently used for storage. Stairs lead to a basement with a large walk-in cold room and additional storage.

Kitchen facilities include a stainless-steel extractor, two stainless-steel preparation tables, a six-burner gas cooker with oven, commercial mixer, electric oven, microwave, two chest freezers, an upright freezer, an upright fridge, double sink with drainer, and a wash hand basin. A cloakroom is also provided with a toilet and wash hand basin.

Location: Situated within a parade in an excellent trading position, serving residential, office, and commercial areas, and located close to Underground stations in the City of London.

Turnover: It has been advised that, when trading, the business achieved turnover of approximately £3,000 per week, with a gross profit of around 65%. No delivery services are operated.

Staffing: The business is currently run by the vendor on a part-time basis, supported by one full-time and one part-time member of staff.

Price: £85,000 to include the secure, renewable lease, goodwill, fixtures, and fittings, plus stock at valuation. A substantial loan may be available to an approved applicant.

Details

Real Estate: Lease
Employees (ppl): 3
Square m2: 105.9
Asking price: 85 000 gbp
Turnover (per year): 156 000 gbp

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