Commercial property for sale in Chapel Street, Luton LU1, £109,500

109,500.00

Offer Nr.:
65177907
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Property Hive
Phone(s):
01582 936297

* Leasehold
* Weekly Turnover of £7500
* Currenr Rent of £24, 000 pa
* All fixtures and fittings included
* 8 Years remaining on the lease
* 1621 sq ft
**Ground rent (For Leasehold tenure): £24000 per year. **
Located on Chapel Street in Luton, Toprak Restaurant is a popular dining
destination renowned for its exquisite cuisine and welcoming atmosphere. With
a seating capacity of 80 - 100 and 8 years remaining on its lease, this well -
established establishment enjoys a steady stream of customers, contributing to
an impressive annual turnover of £96, 000.
Cuisine and Menu:
Toprak Restaurant offers a diverse menu, focusing on traditional and modern
Turkish cuisine. From savory kebabs to refreshing mezes and rich desserts, the
restaurant caters to a wide range of tastes and preferences. Utilising high -
quality ingredients to craft delicious meals that has helped build repeat
customers and many glowing reviews. Ofcourse the business can be transitioned
to any cuisine that fits the would be buyers vision, It has upper and lower
tier dining. It also has an alcohol license
Location and Foot Traffic:
Situated on lively Chapel Street, in close proximity to other popular dining
and entertainment options, enjoys high visibility and foot traffic. The
convenient location attracts a steady stream of passersby, making it an ideal
choice for both spontaneous diners. With eight years remaining on the lease,
Toprak offers new owners an excellent opportunity to capitalise on its past
and current success and further boost its financial performance.
Potential for Growth:
While already thriving, there are several avenues to explore for growth. With
Luton Town fc entering the premier league the town is set to have an explosion
of visitors and foot traffic through the town centre streets, the restaurant's
location should benefit directly from this. Implementing a robust marketing
strategy, including online presence enhancement and social media engagement,
would attract a broader customer base. Additionally, exploring catering
services and delivery options would extend the reach of the restaurant beyond
its physical location, increasing revenue streams and creating new
opportunities for expansion.
We believe Toprak Restaurant is a highly attractive prospect for entrepreneurs
seeking to enter or expand in the thriving Luton dining scene.

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