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Turkish Restaurant In Tyne & Wear

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Status
FOR SALE
Advert ID
196259
Reference
05014 / Rightbiz

Details

    Excellent reputation

    Large premises recently refurbished

    Year of year growth

    Utility bills shared with landlord

    Very good growth potential with minimal outlay

Intelligent Business Transfer are delighted to offer this fantastic opportunity to secure an established Turkish restaurant business with an excellent reputation, in a busy location, with spacious and recently refurbished premises but with good scope for further growth. This opportunity would suit a first time buyer or someone experienced in the industry looking for a low risk investment, as the business has low rent and consistent weekly turnover with year on year growth. There are existing staff already in key roles and the current owner is leaving a well-drilled and healthy business model in place. It is felt that the business could benefit from exploiting its already thriving online presence; it has received good Trip Advisor reviews, and enjoys some social media activity which could be developed. The business has an easy-to-use website which could also be improved, as could its previous use of radio advertising. To the rear of the premises is an outside yard which could be developed for extra seating and a beer garden in the summer. It is also felt that there is scope to start takeaway deliveries, as there are no similar outlets offering this cuisine in the area. Finally, as the business enjoys lots of repeat custom from a loyal local customer base, it is possible that some kind of loyalty card scheme could bring many benefits.
Listing Details
Tenure: Freehold
Tenure: Leasehold
Tenure: Other
Sector: Catering Businesses, Restaurants
Financials
Annual Turnover: £400,000
Annual Net Profit: £65,000
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