Licensed Greek Restaurant in South London For Sale

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

Turnover £ 7,000
Price £120,000

Features

Licensed Greek Restaurant

6 DAYS OPENING
PATIO TO THE FRONT WITH SEATING FOR 25 PEOPLE
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,025 ft² WITH SLIDING WINDOWS, wood strip floor, ceiling with hinging and wall lights, Air conditioning with hot air. Bar, cash register. Tables and chairs providing seating for 65 People, CCTV system (6 cameras, 1 monitor), coffee grinder, Coffee Machine (2 Group).

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

Kitchen stainless steel extractor unit, Gas 6-burner Cooker, charcoal grill, deep fryer (2 pan), 4x fridge, 2x freezer, dishwasher (commercial), glass washer, 2 microwaves, 2x double sink and drainer, stainless steel work top with 4 fridge undercounter fridges, stainless steel preparation table, etc..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor with 2 full time chefs, 1 kitchen hand, 1 barman & 2 waiters

Trading Hours

5 Day week
WEDNESDAY - SUNDAY 12 noon - 3pm then 5pm - 10.30pm

Potential and demand for increased opening.

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 2024 with reviews every 4 years (next review 2028) at a current rent of £35,000 p.a.

Business Rates from April 2024 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1986, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote