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Greek Seafood Restaurant with Takeaway in Camden Town For Sale

Greek Seafood Restaurant with Takeaway in Camden Town For Sale
Buy a Greek Seafood Restaurant with Takeaway in Camden Town For Sale Sell a Greek Seafood Restaurant with Takeaway in Camden Town For Sale

Register to see map and to make an appointment Situated end of parade, occupying a corner position, sought after commercial and residential area, North West London CAMDEN TOWN

Turnover 15,000
Price 235,000

Features

Most Attractive Superbly Fitted Licensed Restaurant Plus Hot Food Takeaway & Delivery

Outstanding opportunity to acquire a superbly fitted Licensed Restaurant at present Greek cuisine plus seafood, which could obviously be continued, or indeed there is potential for other types of cuisine, if desired. The present owner has recently refurbished and modernised the premises at considerable expense.

Attractive patio area in front of Restaurant providing space for tables and chairs for approx. 20 persons.

Entrance to ground floor Restaurant with attractive stonework, marble type floor with wood strips. Tables and chairs providing seating for 35 persons. The walls of the restaurant have attractive stonework, which must be seen to be fully appreciated. Bar with wooden servery. Double door glass fronted counter fridge, upright glass fronted drinks fridge, sink and drainer, optics, shelving for glasses, wine rack.

Ceramic tiled ladies' cloakroom with w.c. and wash hand basin
Ceramic tiled gentlemen's cloakroom with w.c. and wash hand basin

To the front of the ground floor restaurant is a staircase to additional basement Restaurant, again with attractive stonework to the walls. Tables and chairs providing seating for an additional 30 persons.

Small stockroom

Ground Floor - to the rear of the Restaurant is a level kitchen, all newly fitted to a very high standard, including stainless steel extractor unit, 6-burner gas cooker, large charcoal grill, 5 fridges, 3 deep freezes etc.

Turnover

WE ARE INFORMED the turnover averages in the region of 15,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit in excess of 65%.

Staff

The Restaurant is at present operated by the vendor with the assistance of 3 full time plus 2 part time staff. In our opinion with an active husband and wife team, the wage bill could be reduced.

Trading Hours

Monday - Friday inclusive 12 noon - 3 p.m. & 5 p.m. - 12 midnight
Saturday & Sunday - 12 noon - 12 midnight

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over, is at present let on a shorthold tenancy and provides a rental income of 300 p.w. however, we understand that vacant possession can be given on completion. The accommodation, all modernised and with FULL GAS FIRED CENTRAL HEATING, comprises:

1 double bedroom
Bathroom with bath, w.c. and wash hand
Large lounge
Kitchen

Tenure

We understand the premises are held on a secure renewable lease from a private landlord the present lease having approx. 6 years unexpired at a rental of 34,000 p.a. exclusive of rates until July 2018, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 7,000 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 235,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 117,500 (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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