Property ID : RESTAURANT LONDON N21
For sale £185,000 - Catering, Coffee/Tea Shops & Cafes, Food, Restaurants
City Business Brokers are pleased to market this authentic lovely Turkish restaurant positioned on a prominent corner of Green Lanes (A105) in the popular and wealthy North London district of Winchmore Hill some 9 miles from Central London and just south of Enfield and the M25.
The restaurant has predominantly sold Mediterranean Cuisine; however, the kitchen is versatile enough in its set up that it could accommodate any cuisine, be it Italian, Greek, Indian or any other.
This top-rated restaurant is now a reluctant sale due to the partners wishes to Diversify into other opportunities
Established for 4 years this stylish 120+ cover restaurant boasts excellent reviews and appeals to locals. Operates on a consistent level of turnover with still plenty of potential for growth and continued on-going cost savings. The sale includes all fixtures, fittings and equipment plus many years of goodwill and loyal staff.
The business would ideally suit a couple or partnership to owner run this business to maximise profit potential. The owner believes there is further great potential for this restaurant to convert the first floor to provide for dual cuisine, e.g. a fish restaurant.
Current turnover is in the region of up to £7000 per week with huge scope to increase.
The premises are being offered Leasehold and we are advised the rent amounts to £45,000 pa and business rates payable currently stand at approximately £12,220 per annum with a Rent Review due on 23.10.2021. We are further advised the lease has 15 years left to expire.
Trading hours: 7days 10am – 10pm Staffing levels are 7 full time and 3 part time
Reason for sale – Family Commitments
PROPERTY DESCRIPTION Fitted and presented to high trade specifications throughout, this substantial and well maintained two-storey freehold corner premises is arranged on ground and upper floor levels. The ground floor which provides the restaurant and WC accommodation with further customer seating outside to the front. With an inviting single-fronted public entrance directly off the main streets into a welcoming customer service and Lounge bar area with prominent menu board which houses a large glass-fronted refrigerated delicatessen-style food display and electronic till/food ordering point and chilled drinks display units. The main customer service area, in turn, affords access through to an attractively furnished and fully licensed restaurant and dining area which may comfortably accommodate up to 80+ covers for the provision of a full and varied menu of classic Turkish food. The first floor provides further seating, kitchen and storage space.
Main points to note
# A prime trading position # Stylish 80+ -cover # Good consistent levels of turnover on 7 day week , Average spend per head £33 .. recently had a £150000 refurbishment Plenty of Potential #
# Long established reputation and regular customer base # Lots of year-round passing trade benefits Valuable inventory of equipment included # Adaptable to host of alternative licensed hospitality styles #
# Priced for quick genuine sale # Early viewing essential #
This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.
A full profile is available once a confidentiality & non disclosure agreement has been signed. All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.
Enquiries to: Kevin Stokes of City Business Brokers O: 0121 452 5133 M: 07775903332 firstname.lastname@example.org
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.