Licensed Greek Restaurant in Palmers Green For Sale

Situated in a parade, excellent main road trading position, NORTH LONDON PALMERS GREEN

Turnover £ 8,000
Price £120,000

Features

Licensed Greek Restaurant Including Takeaway & Delivery

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES with ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with spotlights. Cool display counter with refrigerated storage section, EPOS till. Tables and chairs providing seating for 18 persons. CCTV system (5 cameras, 1 monitor)

FRONT COOKING AREA with stainless steel extractor, 2 kebab machines, grill, 1 double deep fryer.

REAR KITCHEN with tiled floor, stainless steel extractor, 6-burner gas cooker with single oven, 2 pan deep fryer, 1 upright deep freezer, 1 small deep freezer, walk-in coldroom, double sink & drainer etc.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a gross profit of 65% approx. (10% VIA ONLY PORTALS)

Staff

The business is at present operated by the vendor with 2 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 11 a.m - 10 p.m
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 15 years in 2016 with reviews every 3 years (next review 2025) at a current rent of £21,960 p.a.

Business Rates from April 2022 £1,700 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND SOLELY BEING OFFERED AS THE OWNER IS MOVING AWAY

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote