Mediterranean Restaurant in Essex For Sale

Situated in a parade, busy road, ESSEX

Turnover £ 1,000
Price £55,000

Features

Recently Re-opened Restaurant

6 DAYS OPENING

RENT £9,600 p.a.

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 560 ft², WITH ELECTRIC SHUTTERS, Tiled flooring, plaster board ceiling and pendant lighting.

Tables and chairs for 22 customers.

Sales counter, electric cash register, 2 group coffee machine, grinder, under counter fridge, iced coffee machine, etc,

Kitchen - Stainless steel extractor, 2 double basket deep fat fryer (gas and electric), oven, 4 burner hob, microwave, small oven, 2 grills, 2 chest freezer, single door freezer, single door fridge, double sink and drainer, stainless steel preparation table, etc.

Customer cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,000 p.w. (increasing) with a Gross profit of 65% approx.

Presently the restaurant does not serve liquor, but, subject to planning permission the sales of beers, wines and spirits could be introduced further boosting sales.

Staff

The business is at present operated by 2 patners and 1 full time staff.

Trading Hours

6 Day week
TUESDAY - THURSDAY 11 a.m. - 9 p.m.
FRIDAY & SATURDAY 11 a.m. - 9.30 p.m.
SUNDAY 12 noon - 6 p.m.
CLOSED MONDAY

Outside

Secure store to rear.

Parking for 2 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £9,600 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025 AND OFFERED FOR SALE DUE TO FAMILY COMMITMENTS.

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