Extremely Busy Greek Restaurant in North London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, NORTH LONDON

Turnover £ 13,500
Price £190,000

Features

Extremely Busy Greek Restaurant

LATE LICENCE 3am
FORECOURT WITH SEATING FOR 12 PEOPLE

SINGLE FRONTED PREMISES in the region of 725 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED lights, cool display counter with refrigerated storage section, EPOS till, stainless steel extractor unit, 3 Gyros kebab machines, grill, deep fryer (2 pan). Tables and chairs providing seating for 15 People, CCTV system (4 cameras, 1 monitor).

Preperation Kitchen, fridges, freezers, Oven, double sink and drainer.

2 Small Stock room.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 - £15,000 p.w. with a Gross profit of 65% approx. (40% ONLINE SALES)

Staff

The business is at present operated by the vendor (part time) with 4 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY - 11am - 3am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £28,000 p.a.

Business Rates from April 2025 £3,560 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £190,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 95,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote