Licensed Greek Restaurant in North Wales For Sale

Situated in a parade, excellent trading position, residential, office, and commercial area, close to University, GWYNEDD

Turnover £ 4,250
Price £55,000

Features

Licensed Greek Restaurant

6 DAYS OPENING

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,150 ft² with ELECTRIC SHUTTERS. Laminated strip floor, suspended ceiling with spotlights. Sales counter, EPOS till. Tables and chairs providing seating for 36 persons (can be extended to 50+). 4 cameras CCTV system.

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, griddle, electric oven, 3 kebab machines, microwave, double fridge, 4 freezers, etc.

Stockroom.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,250 p.w. with a Gross profit of 65% approx. (40% Deliveries)

Staff

The business is at present operated by 3 full time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12 noon - 10 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £14,000 p.a. plus VAT

Business Rates from April 2023 £2,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote