Business for sale

Business description

We are informed the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profi 65% approx.


Price: OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT


Features: Established by the present owner approx. 23 years ago as Greek cuisine, which could obviously be continued and in our opinion, in view of the excellent main road trading position, situated with several clubs and restaurants close by, there is potential for other types of cuisine, if desired.

Spacious Restaurant. Front bar area, carpeted. Seating. Bar with 1 hand pump.

Rear Restaurant with tables and chairs providing seating for approx. 80 persons.

Commercial kitchen with industrial non-slip floor. Fully equipped including 1 6-burner gas cooker, deep fryer, doner kebab machine, stainless steel extractor unit, 4 fridges, deep freeze, stainless steel tables, double sink and drainer.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with w.c. urinal and wash hand basin


Staff: The business is at present operated by a husband and wife team with the assistance of his family.


Opening Hours: Monday - Saturday inclusive - 6.30 p.m. - 12 midnight - 6 evenings per week
On Friday & Saturday the Takeaway Section of the business is open until 3 a.m.

It should be noted that the business can remain open for Takeaway until 3 a.m. each day and with several clubs in the area, there is potential in this direction, if desired.


Accommodation The accommodation in the form of a SELF CONTAINED MAISONETTE over, comprises:

4 Bedrooms (3 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Additional Lounge
Kitchen


Outside First Floor Patio area at rear


Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of £35,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Alternatively should the accommodation not be required, the vendor subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease in resepct of the Restaurant only (excluding the accommodation) at a rental of £30,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £6,900 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R7508