Business for sale

Business description

We are informed the turnover averages £2,500/£3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.


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


Features: The Restaurant has been in the same hands for the past 20 years and is at present Greek cuisine, which could obviously be continued and in our opinion there is potential for other types of cuisine including Italian, Mexican, Spannish, if desired.

ATTRACTIVE FRONT WALLED PATIO AREA providing space for tables and chairs.

RESTAURANT with carpet tiled floor. Tables and chairs providing seating for 50 persons. Large bar with double door counter fridge, ice machine, double sink.

Ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. urinal and wash hand basin

Level kitchen with quarry tiled floor. The equipment includes 6-burner gas cooker, double deep fryer, charcoal grill, 6-pot bain marie, dishwasher, walk-in coldroom, 1 upright deep freeze, 1 chest deep freeze etc.

Small storeroom


Staff: The Restaurant is at present operated by the vendor who is a chef with the assistance of his daughter plus 1 part time chef and 2 part time waiters at weekends.


Opening Hours: 6 evenings per week Monday - Saturday inclusive - 6 p.m. - 10 p.m.
CLOSED ALL DAY SUNDAY
It will be appreciated upon inspection that there is potential for lunch time opening, especially on Saturday & Sunday.


Accommodation Optional SELF CONTAINED 2 bedroom FLAT over, with FULL GAS FIRED CENTRAL HEATING. We understand available on a shorthold tenancy at a rental of £700 per month.


Tenure The vendor, subject to satisfactory references, is prepared to grant a new 7 years Under-lease in respect of the Restaurant at a rental of £13,000 p.a. exclusive of rates for the first 3 years, with rent to be agreed thereafter.

Uniform Business Rates: £3,600 p.a. approx.

THIS OLD ESTABLISHED RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R8943