Turkish restaurant for sale in Cheltenham on Montpellier Street with cozy dining and bar area
Cheltenham, Gloucestershire
- Status
FOR SALE
- Advert ID
639880
- Leasehold: £35,000
- Rent: £58,000 (£4,833 per month)
- Turnover: £360,000 (£6,923 per week)
- Profit: On request
Business Details
Turkish restaurant for sale in Cheltenham
Exciting Business Opportunity in Cheltenham - Tabouli Terrace for Sale
Tabouli Terrace is strategically located on prestigious Montpellier Street, Cheltenham, adjacent to the well-known Montpellier Wine Bar. The street is bustling with a diverse array of popular bars and eateries, making it a highly desirable area for both locals and visitors.
Cheltenham stands out as a vibrant cultural and tourism center, hosting seven significant horse racing events annually, including the internationally acclaimed Cheltenham Festival. This festival attracts large crowds, significantly enhancing local trade. The town also offers an engaging calendar of events, such as the Literature Festival, Cricket Festival, Science Festival, and Jazz Festival, which collectively contribute to a continuous influx of visitors and patronage.
Due to health reasons, I am seeking to sell this remarkable business opportunity. Please note that Indian restaurants are not permitted, as there is already one in the vicinity. However, this property is ideally suited for an Italian, Lebanese, or Mediterranean restaurant, or even a stylish, trendy bar—concepts that would thrive in this dynamic and affluent area.
For Serious Inquiries Only - Contact Me Today for More Information.
The establishment features:
- A stylish interior replete with modern decor and warm lighting.
- A well-equipped bar area offering a varied selection of wines and spirits.
- Cozy dining spaces designed for intimate gatherings.
- Display shelving to showcase premium beverages.
- Elegantly set tables with meticulous attention to detail.
Key Details:
Years Established: 2
Nearby Amenities: Situated centrally on Montpellier Street, surrounded by numerous bars and restaurants.
Competition: There are no Turkish restaurants in the area, though many other dining options exist.
Reason for Selling: Health issues.
The property, now on the market, is a Turkish restaurant in Cheltenham, Gloucestershire. The leasehold price is £40,000, (reduce to £35000) for quick sale and the current turnover is £360,000, with an annual rent of £58,000. This is a prime location with close proximity to local amenities, making it an attractive business opportunity that is fully fitted and ready for operation.
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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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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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