Famous Greek Restaurant in North London For Sale

Situated in a parade, excellent High Street trading position, residential, office and commercial area, North London

Turnover £ 9,000
Price £200,000

Features

Famous Licensed Greek Restaurant

Established 1985
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 975 ft² WITH SHUTTERS, tiled floor, wall lights, Air conditioning with hot air, Bar, 2 fridges, EPOS till. Tables and chairs providing seating for 56 People, CCTV system (6 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 6-burner), fridges, freezers, 2 x microwave, potato chipper and peeler, stainless steel preparation table, deep fryer (2 pan), bain marie, salamander grill.

Walkin coldroom.

Walkin Freezer..

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 - £10,000 p.w. with a Gross profit of 65% approx. (10% online sales)

Staff

The business is at present operated by the vendor with 1 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 12 noon - 10pm
SUNDAY 12 noon - 8pm

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 2013 with reviews every 4 years (next review 2029) at a current rent of £26,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote