Traditional Greek Restaurant in Ramsgate For Sale

Situated in a parade close to harbour, RAMSGATE, KENT RAMSGATE

Turnover £ 6,500
Price £100,000

Features

Traditional Greek Restaurant & Takeaway

5 DAYS OPENING

FORECOURT with room for 3 Tables

DOUBLE FRONTED PREMISES in the region of 430 ft² with canopy. Laminated strip floor, ceiling with spotlights. Sales counter, cash register.

OPEN PLAN KITCHEN. Stainless steel extractor unit, oven, 2 grills, preparation table, fridges, freezer.

Preparation room, freezer, fridge, sink, preparation table.

Stairs to first floor (additional 250 ft² approx)......

Staff toilet with w.c. and wash hand basin

Office

Store room (could but utilised as additional seating)

Included in the sale is a Vauxhall Zafira

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. with a gross profit of 65% approx. (60% DELIVERY)

Staff

The business is at present operated by a husband & wife team with the assistance of 1 part time staff as required plus 2 delivery drivers.

Trading Hours

5 Day week
TUESDAY - SATURDAY 12 noon - 9pm

During the summer months (May - October) the business opens on a Sunday

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 5 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £7,920 p.a.

*** WE UNDERSTAND THE LANDLORD WILL GRANT A NEW LEASE IF REQUIRED ***

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote