Licenced Greek Restaurant in North London For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, NW London

Turnover £ 7,500
Price £150,000

Features

Licenced Greek Restaurant

Outside seating for 15 customers.

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 1,000 ft², - Suspended ceiling with LED lighting, tiled floor, CCTV (7 cameras.)

Tables and chairs seating 56 people.

Bar - Touch screen cash register, under counter fridges, wash hand basin, grill, heated cabinet.

SEPERATE KITCHEN - Stainless steel extractor, oven, 6 burner hob, microwaves, plate warmer, 2 chest freezers, 2 upright fridges, 2 glass washers, ice machine, double sink and drainer, stainless steel preparation table, etc,

Store room.

Ladies cloakroom with toilet and sink.

Gentlemen's cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor and his partners with 3 full time and 2 part timestaff employed.

We are informed the wage bill averages £3,500p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 11 am - 11 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for granted for 16 years in 2023 with reviews every 4 years (next review 2027) at a current rent of £36,000 p.a.

Business Rates from April 2024 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote