Authentic Greek Restaurant in Durham

Sunderland, Durham
REF: R05800

Asking Price:
£44,950
Annual Turnover:
£76,932
Annual Net Profit:
TBC
REF: R05800

Overview

Tenure:
Leasehold
Established:
2014
  • 5 star food hygiene rating
  • Central location
  • High quality food
  • Large premises
  • Outstanding reputation

This is a brilliant opportunity for an interested buyer to take on a popular Greek bistro within the county of Durham.

For close to 5 years, the Greek bistro has enjoyed great success through offering a selection of varied and delicious Greek dishes to students, professionals and families.

The family-run business prides itself on delivering attentive and friendly customer service to diners and possesses a coveted 5-star food hygiene rating as well as an alcohol licence. The restaurant also hosts Greek themed nights and offers function hire to large parties. A takeaway menu is available for diners during lunchtime

.

With the owner-operator seeking retirement, the new owner is provided with a sizeable restaurant which boasts a brilliant reputation amongst its clients.

Operating from a traditional Victorian terrace building, the restaurant has been fully refurbished to a very high standard. The large open plan restaurant houses hardwood tables and chairs accommodating 30 covers. An open flame fire place gives the restaurant an inviting and homely atmosphere. As well as the main dining area, the basement also holds a large counter serving area and small kitchen encompassing various equipment such as a cooker, fridges, freezers and grills.

Its informative website displays its menus, events and contact details as well as its certificate of excellence awards from Tripadvisor for the past three years. Its Facebook page boasting 2,576 likes also aids promotion.

The business is ideal for a current restaurant owner looking to expand their repertoire or an individual with a background in catering or hospitality.

Opportunities for further expansion are ready for a new owner to exploit. Extending opening hours to Sunday would enable the restaurant to take full advantage of busy weekend trade. Implementing an outside catering or delivery service would also do much to increase takings.

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  • City centre location
  • Student area
  • Close to complementary businesses
  • Parking nearby
  • Minimal competition
Rent
£6,000
Rates
TBC
Lease Term
Rolling lease, 28 days
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
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Number of Employees
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