Turkish Restaurant in Chingford, London - Profitable, Well-Established, Includes Training & Fittings
Chingford, LondonEst. 26 years
- Status
FOR SALE
- Advert ID
629477
- Leasehold: £165,000
- Rent: £23,500 (£1,958 per month)
- Turnover: £624,000 (£12,000 per week)
- Profit: £3,000 (ROI 1.82% • Payback 55 years)
Key Features
- Accounts Available
- Retirement Sale
- Close to Local Amenities
- Fully Fitted
Business Details
Turkish restaurant in Chingford
The Turkish restaurant located in Chingford, London, is now available for sale. This leasehold opportunity is presented with an asking price upon request, showcasing a current turnover of £624,000. The restaurant is strategically positioned in a prime location with an outdoor seating area, making it highly accessible and attractive to customers.
The establishment has been serving its clientele for 25 years, out of which the current owner has managed it for 12 years. The spacious interior offers ample seating capacity, featuring an attractive and stylish décor with traditional elements. Additionally, the well-equipped kitchen boasts modern facilities, catering to the demands of a thriving customer base.
This restaurant has an established customer base and enjoys local popularity, with a positive increase in turnover observed over the years. The lease includes all stocks, fixtures, and fittings, ensuring a seamless transition for the new owner. The current annual rent is £23,500, with additional accounts available for review.
The business is supported by a team of five employees and maintains an active online presence. As part of the sale, the owner is offering training opportunities to the new management to ensure continuity and success. The reason for selling is a planned retirement, providing a rare opportunity for interested buyers.
This fully fitted restaurant is conveniently located near local amenities, making it an ideal investment for individuals seeking a reputed and profitable venture. The profit margin stands at £3,000, contributing to the appeal of this sought-after business opportunity.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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