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WE ARE INFORMED the turnover is in excess of £3,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Gross profit 65% approx.
Price
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES, FITTINGS in the region of £115,000 plus STOCK AT VALUATION.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Features
Wide pavement with potential for tables and chairs (weather permitting).
Attractive Licensed Restaurant, old established as Greek cuisine, which could obviously be continued or indeed in view of the excellent trading position, in our opinion there is potential for other types of cuisine, if desired.
SPACIOUS DOUBLE FRONTED RESTAURANT with woodstrip floor, attractive artificial beams to ceiling. Tables and chairs providing seating for 50 persons. Small bar.
Open plan cooking area with quarry tiled floor. The equipment includes wood/charcoal grill, bain marie, 2 commercial microwave ovens, double deep fryer etc.
Adjoining level kitchen at rear with 4-burner gas cooker, salamander, mixer, 1 chest deep freeze, cold room.
Small wine stockroom
Half tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin.
Staff
The restaurant is at present operated by a husband and wife team with the assistance of their son on a part time basis plus 2 part time staff.
In addition the restaurant is closed for the month of August, 1 week at Christmas time and 1 week at Easter plus all bank holidays.
Outside
Rear parking for 1 car.
Tenure
We understand the premises are held on a secure renewable lease from a private landlord having approx. 3 years unexpired at a rental of £15,000 p.a. exclusive of rates for the remainder of the term.
We are further advised that the landlord will consider a surrender of the existing lease and subject to satisfactory references grant a new 25 years lease at a rental of £15,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.
Uniform Businss Rates: £5,500 p.a. approx. + water rates.
OUTSTANDING OPPORTUNITY TO ACQUIRE AN OLD ESTABLISHED LICENSED RESTAURANT IN THIS EXCELLENT MAIN ROAD TRADING POSITION.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 17 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
