Attractive Greek Restaurant in Newmarket For Sale

Excellent shopping centre position, SUFFOLK NEWMARKET

Price £75,000

Features

Attractive Licensed Restaurant (closed 2020)

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.

Trading Hours

When trading
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, FIXTURES & FITTINGS £75,000 subject to contract
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote