Licenced Greek Restaurant in West London For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, WEST LONDON

Turnover £ 15,000
Price £250,000

Features

Licenced Greek Restaurant

5 STAR HYGIENE RATING
FORECOURT WITH SEATING 12 PEOPLE

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, tiled floor, ceiling with hanging lights, Bar, EPOS till, Coffee Machine (2 Group), coffee grinder, 2 under counter fridge, freezer, glass washer, Tables and chairs providing seating for 60 People, CCTV system (6 cameras).

Ladies' & gentlemen's Toilet with w.c. and wash hand basin. (one disabled)

Open plan kitchen area, stainless steel extractor unit, Gas 4-burner Cooker, large charcoal grill, deep fryer (2 pan), flat plate grill, bain marie (4-pot), 2 x kebab machine, hot display serveover counter, cool display with refrigerated storage section, under counter fridge, etc.

Preparation room, dishwasher (commercial), large sink and drainer, 2 x microwave, sink, 2 x stainless steel preparation table, 2 x fridge, shelving.
Walkin coldroom.

2 Stock rooms.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £15,000 p.w. with a Gross profit of 65% approx. (50% DELIVERIES)

Staff

The business is at present operated by the vendor with 4 full time staff employed. with the assistance of 1 part time staff.

Trading Hours

7 Day week
SUNDAY - THURSDAY 11am - 10pm
FRIDAY & SATURDAY 11am - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2021 with reviews every 4 years (next review 2025) at a current rent of £45,833 p.a. + VAT

Business Rates from April 2024 £3,850 approx. (Please contact local authority to confirm)

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote