Turkish Restaurant for Sale in Southampton with 35 Covers and 17-Year Lease
Southampton, Hampshire
- Status
FOR SALE
- Advert ID
647136
- Leasehold: £89,950
- Rent: £19,000 (£1,583 per month)
- Turnover: £182,000 (£3,500 per week)
- Profit: £15,000
Key Features
- All equipment included
- Long-term lease agreements
- Fully fitted and equipped
- Fully fitted and maintained premises
Business Details
Turkish Restaurant for Sale in Southampton
ESTABLISHED TURKISH RESTAURANT FOR SALE – SOUTHAMPTON
Asking Price: £89,950
Location: 265 Highfield Lane, Southampton, SO17 1NR
Business: Mevlana Turkish Kitchen
Tenure: Leasehold
Remaining Lease: Approx. 17 years
An excellent opportunity to acquire an established Turkish restaurant in Southampton.
Mevlana Turkish Kitchen is a fully operational restaurant with an established customer base and is offered for sale as a going concern. The premises provide approximately 35 covers and benefit from a long remaining lease, making this an attractive opportunity for an owner-operator or an experienced restaurant business looking to expand.
Key Business Information
* Approximately 35 covers
* Current weekly turnover: approximately £3,500–£4,000
* Estimated annual turnover: approximately £182,000–£208,000
* Annual rent: approximately £20,000
* Business rates: approximately £200 per month
* Approximate annual profit: £15,000–£20,000
* Approximately 17 years remaining on the lease
* Established trading location in Southampton
* Fully operational restaurant
* Suitable for continuation as a Turkish restaurant or, subject to landlord/planning requirements, potentially another food concept
Reason for Sale
The business is being offered for sale by the owner. Further information regarding the business, lease and financial performance can be provided to genuine and financially qualified buyers.
Asking Price
£89,950 for the leasehold business.
Serious offers will be considered.
Viewings are strictly by appointment. Please do not approach staff or customers directly.
Genuine enquiries only. Proof of funds may be requested before detailed confidential business information is released.
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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