Search more Greek Restaurants for sale in Borth
Reference R1937

Greek Restaurant and daytime Cafe Sandwich Bar in Borth For Sale

Greek Restaurant and daytime Cafe Sandwich Bar in Borth For Sale
Buy a Greek Restaurant and daytime Cafe Sandwich Bar in Borth For Sale Sell a Greek Restaurant and daytime Cafe Sandwich Bar in Borth For Sale

Register to see map and to make an appointment Prominent position opposite the Pier and overlooking the sea WEST WALES BORTH

Turnover 4,800
Price 75,000

Features

Attractive & Spacious Licensed Restaurant Plus Takeaway

Opened in June, 2006 as a Licensed Greek Restaurant and during the daytime serving sandwiches, baguettes, jacket potatoes, lunches, teas and coffees.

The Restaurant is situated in a sought after position. Aberystwythe is a University town and benefits from a large student population.

Full Gas Fired Central Heating

ENTRANCE TO GROUND FLOOR RESTAURANT plus TAKEAWAY ENTRANCE with quality varnished oak strip floor, ceiling with spotlighting. Attractive stonework to 1 wall. Tables and chairs providing seating for 15 persons (can be increased) plus Takeaway Section. Bar, 4 group Rancillo coffee machine, coffee grinder, 1 3-double door glass fronted counter fridge, 1 single door glass fronted counter fridge, electronic cash register, sink.

Stairs to first floor providing additional RESTAURANT AREA with seaviews. Original stone fireplace. Oak strip floor, artificial beams to ceiling. Tables and chairs for 31 persons (can be increased).

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

From the ground floor there is a staircase to a basement commercial kitchen with tiled floor. The equipment includes stainless steel extractor, 6-burner gas cooker with oven, double deep fryer, brick based gas oven (used for bread making), 3 stainless steel single door fridges, 1 additional fridge, 1 upright deep freeze, 3 chest deep freezes, 1 small deep freeze, large mixer, 1 flat grill, 1 additional grill, commercial dishwasher, large sink and drainer plus additional sink.

Addition area with glasswasher, sink.

Staff cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages 4,800 p.w. in our opinion offering terrific potential for further increase in the right hands. Gross profit 65% approx. We are further advised that the minimum winter turnover is in the region of 2,500 p.w. increasing in the height of the season to 8,000 p.w.

Staff

The Restaurant is at present operated by the vendor who is a chef with the assistance of his wife plus in the kitchen area 1 full time & 1 part time staff. Restaurant area operated by the vendor's wife with 5 waiters/waitresses.

Trading Hours

Winter months i.e. end of October - Easter
CLOSED ALL DAY MONDAY opening 6 days per week 11 a.m. - 10 p.m.

Summer months - 10.30 a.m. - 10 p.m. seven days per week

Accommodation

The private living accommodation situated on the second floor with FULL GAS FIRED CENTRAL HEATING, comprises:

Large Lounge
1 Double Bedroom
Kitchen (at present being utilized as an additional bedroom)

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 22 years unexpired at a current rental of 29,900 p.a. exclusive of rates. We are advised if the rent is paid on time the Landlord is prepared to accept 425 per week (22,100 pa.) We understand the rent is increased on an annual basis, linked to the cost of inflation.

Uniform Business Rates: 4,600 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL EQUIPPED LICENSED RESTAURANT IN THIS EXCELLENT TRADING POSITION.

AS STATED AT PRESENT GREEK CUISINE WITH OFFERING SANDWICHES, BAGUETTES, JACKET POTATOES, LUNCHES, TEAS & COFFEES DURING THE DAY. IN OUR OPINION THERE IS POTENTIAL FOR OTHER TYPES OF CUISINE, IF DESIRED.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS
75,000 plus STOCK AT VALUATION
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

Search more Greek Restaurants for sale in Borth

Buy a Greek Restaurant and daytime Cafe Sandwich Bar in Borth For Sale on NationwideBusinesses.co.uk