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Reference R3548

Greek Restaurant in Wolverhampton For Sale

Greek Restaurant in Wolverhampton For Sale
Buy a Greek Restaurant in Wolverhampton For Sale Sell a Greek Restaurant in Wolverhampton For Sale

Register to see map and to make an appointment Situated in a parade, busy road, City Centre, WEST MIDLANDS WOLVERHAMPTON

Turnover 5,000
Price 85,000

Features

Spacious Licensed Restaurant

LARGE CAR PARK AT REAR (PAY & DISPLAY)

The Restaurant has been in the same hands for approximately 20 years and trades as Greek cuisine, which could obviously be continued, and in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.

Full Gas Fired Central Heating 2 new boilers approximate 2 years ago.

SPACIOUS RESTAURANT recently redecorated inside with 4 windows, front area fully carpeted. Rear section ceramic tiled floor. Ceiling with inset lighting. Tables & chairs providing seating for 140 persons (can be increased to accommodate 165/175 persons). Stage (live music on Friday & Saturday). LONG BAR with wooden top, 2 hand pumps, glasswasher, ice maker, sink, 3 double door counter fridges, mirror-backed shelving, computerised cash register.

Fully tiled ladies' cloakroom with 4 w.c's, 3 wash hand basins
Fully tiled gentlemen's cloakroom with 2 w.c's, urinal, 2 wash hand basins
Disabled cloakroom with w.c. & wash hand basin

LEVEL COMMERCIAL KITCHEN with quarry tiled floor, tiled walls, stainless steel extractor, 10-burner gas cooker with 2 ovens, double door stainless steel upright fridge, single door upright fridge, small chest deep freeze, double sink & drainer, wash hand basin, 4 stainless steel tables, 1 domestic plus 1 commercial microwave oven, large charcoal grill, double deep fryer.

Large cellar

Turnover

WE ARE INFORMED the turnover currently averages 5,000/6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Staff

The Restaurant is at present operated by the vendor with the assistance of his son. Staff employed 2 chefs, 1 kitchen porter, 3 waiters plus 1 barman in respect of the restaurant area.

Trading Hours

4 evenings per week - Wednesday & Thursday - 6 p.m. - 11.30 p.m.
Friday & Saturday - 6 p.m. - 1 a.m.
THE BUSINESS IS AT PRESENT CLOSED ON SUNDAY, MONDAY & TUESDAY
In our opinion there is potential for additional opening hours, if desired

Accommodation

Available as an optional extra is a SELF CONTAINED APARTMENT over available on a shorthold tenancy at 65 p.w. The APARTMENT comprises:

1 Double Bedroom
Shower room with shower, w.c. & wash hand basin
Living Room with kitchen area

Tenure

We understand the Restaurant is held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of 24,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 9,250 p.a. approx.

AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (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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