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Reference R9504

Attractive Greek Restaurant in Newmarket For Sale

Register to see map and to make an appointment Excellent shopping centre position, SUFFOLK NEWMARKET

Turnover 7,404
Price 85,000

Features

Attractive Licensed Restaurant

AMPLE PARKING CLOSE BY

At present operated as Greek cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

Front outside area with space for tables & chairs for approximately 10 persons.

ATTRACTIVE DOUBLE FRONTED RESTAURANT with laminated strip floor, wall & ceiling lighting. Tables & chairs providing seating for 40 persons. BAR, 2 group coffee machine, coffee grinder, sink, 2 double door glass fronted counter fridges, 1 3-door glass fronted counter fridge, upright glass fronted wine fridge, ice machine, computerised cash system.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

LEVEL KITCHEN with non-slip floor, tiled walls, 3 door stainless steel counter fridge with refrigerated topping section, gas griddle, stainless steel extractor, electric fan assisted oven, 2 microwave ovens, upright stainless steel deep freezer, small upright deep freezer, dishwasher, double sink & drainer etc.

Turnover

WE ARE ADVISED that the sales year ending 2019 showed 385,000 inclusive of VAT, in our opinion offering further potential to increase in the right hands.

Staff

At present operated by a husband & wife team, the husband is a full time chef, plus 1 assistant chef & 1 kitchen porter. Front of house 2 full time plus casual staff when required at weekends.

Trading Hours

Monday - Saturday inclusive - 10.30 a.m. - 2.30 p.m. & 5.30 p.m. - 11.30 p.m.
NO SUNDAY TRADING

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in 2033 at a rental of 20,000 p.a. exclusive of rates plus VAT up to 2028 with rent to be agreed thereafter.

Uniform Business Rates: Nil payable at present after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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