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Profitable - 5 Year Established Turkish/ Mediterranean Restaurant For Sale

Kensal Rise, London
Asking Price:
£185,000
Sales Revenue:
£200K - £500K
Cash Flow:
£50K - £100K

Authentic Turkish Restaurant- SHISHLIQUE
- Recently voted as one of Londons Best BYOB Restaurants
https://www.standard.co.uk/go/london/restaurants/londons-best-byob-restaurants-a3894231.html

Extremely low rent of £20k per year
- Alcohol License
- Great affluent Location
- Open for almost 5 years
- Even takings of Restaurant and takeaway
- Very good Clientele
- Is and Has always been in profit
- 30 seats Inside
- 10 Seats Outside
- Fully Refurbished
- Deliveroo and Uber Eats
- 2 Bedroom flat under the shop that has been rented for staff accommodation or potential future extension of business. Can be kept or given back to landlord (separate lease to the shop)

Selling due to relocation to the U.S.

Property information

Property:

Leasehold

Lease Terms:

2 years on the current lease but landlord has agreed to extend this for a further 15 years on sale of Business to the new owner. The lease extension will be done before to the sale of the Business.
So in total will have 17 years

Leasehold Rent:

£20 per annum

Living Accommodation:

there is a 2 bedroom flat under the shop that we have rented from the landlord and can be passed onto anyone that takes the shop if required. This is on a separate lease to the shop

Location:

On a High road close to Kensal Rise train station and Bus garage with a very good client

Premises Details:

recently fully refurbished and extended

Size in square feet:
1,000

Business Operation

Expansion Potential:

there is potential to extend the shop

Competition / Market:

there is no other Turkish Restaurants within the catchment

Trading hours:

Monday to Sunday 12-11.30pm

Employees:
5
Years established:
2014

Other Information

Support & training:

can provide support and trading if need be. Also all staff can be retained and stay if required.

Furniture / Fixtures value:
£100,000
Inventory / Stock value:
£10,000
Website:
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Contact Information

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