Prime High Street Turkish Restaurant with Function Room and Outdoor Seating in Palmers Green London
Palmers Green, London
- Status
FOR SALE
- Advert ID
629581
- Rent: £63,000 (£5,250 per month)
- Turnover: £780,000 (£15,000 per week)
- Net Profit: £150,000 (20% Profit margin)
Key Features
- High Turnover
- With Car Park
- Fully Fitted
- Large Business for Sale
Business Details
Turkish Restaurant with Funtion Room in Enfield Palmers Green
The Turkish Restaurant in Palmers Green boasts a prime location on the high street, ensuring excellent visibility. With its cozy and inviting ambiance, coupled with modern decor, it offers a pleasant dining experience. The restaurant features large storefront windows that showcase its vibrant interior, with additional outdoor seating available for guests who prefer al fresco dining.
Financially, the restaurant is quite promising. It has a yearly rental cost of £63,000 and currently generates a weekly revenue of £15,000. Moreover, it includes a separate function room with a capacity of 70 people, bringing in an additional income of £40,000 to £45,000 annually. This makes it a lucrative business proposition. The lease terms are also appealing, with a 20-year renewable agreement providing long-term stability.
The establishment has been serving the community for 14 years, under current ownership for the past 5 years, supported by a team of 8 employees. Its prominent signage ensures easy identification, making it a well-known spot in Palmers Green.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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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