Business for sale

Business description

We are informed the turnover averages £1,300 p.w. in our opinion offering tremendous potential for further development in the right hands. We are further advised that the sales year ending November, 2007 showed £64,702 with a gross profit of £42,152.


Price: TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features Front area with space for 2 tables and 4 chairs.

Outstanding opportunity to acquire a well fitted Licensed Restaurant at present Greek cuisine, which could obviously be continued, and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.

SINGLE FRONTED RESTAURANT with laminated strip floor. Tables and chairs providing seating for 30 persons. Bar with glass fronted counter fridges.

Large level kitchen with non-slip floor, gas cooker, large double grill, deep fryer, sink and drainer, dishwasher, 1 fridge, 3 upright deep freezes, 1 chest deep freeze, stainless steel work surfaces, wine cooler etc.

Fully tiled ladies' and gentlemen's cloakrooms


Staff The Restaurant is at present operated by the vendor with the assistance of his son and family help plus part time waitresses when required.


Opening Hours CLOSED ALL DAY SUNDAY & MONDAY
Tuesday - Saturday inclusive - 12 noon - 10 p.m.
In addition, during the summer months, the business opens from 5 p.m. - 10 p.m.


Accommodation The spacious living accommodation is at present let and provides a rental income of £17,000 p.a. however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

4 Bedrooms (all large doubles, 1 with en suite bathroom with bath, w.c. and wash hand basin)
Additional bathroom with bath, wash hand basin
2 Separate w.c's
Large full fitted kitchen


Outside To the rear of the Restaurant is a Courtyard paved and with tables and chairs providing seating for 16 persons (can be increased). It will be appreciated upon inspection that the premises have a large basement, which in our opinion has potential to develop into an additional Catering Business, subject to the necessary planning permission.


Tenure We understand the premises are held on a secure renewable lease having approximately 17 years unexpired at a rental of £14,000 p.a. exclusive of rates up to September, 2008, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £3,400 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R8586