Long-Standing Authentic Greek Restaurant in Essex

Upminster, London
REF: R06281

Asking Price:
£130,000
Annual Turnover:
£242,268
Annual Net Profit:
£7,911
REF: R06281

Overview

Tenure:
Leasehold
Established:
1984
  • Long-standing
  • Extremely warm, friendly service offering authentic cuisine
  • £40k worth of equipment included
  • Three-bedroom apartment included
  • Alcohol license
  • Huge scope for growth

Established in 1984, the business for sale is an authentic, fully licensed Greek and steakhouse restaurant, with a three-bedroom apartment included.

Situated in Upminster, London, the current owner has worked hard over the span of 30 years to build a loyal customer base. They achieved this by creating delicious, home-made dishes, made with the utmost care and attention. Customers value the authentic Greek flavours and the restaurant’s comfortable, welcoming environment.

With a fully-fitted premises and great reputation online and amongst locals within the area, the new owner would be well-prepared to grow the business further and enable it to reach its potential.

The business operates from large premises, featuring a bar area, tables and chairs and a coffee station. The dining area is a perfect space for a large number of diners, seating 75/80 customers approximately. At the rear of the restaurant is the kitchen, fully fitted with commercial catering equipment. Also on this floor are two W/Cs – one male, one female.

On the first floor there is a maisonette with two large rooms which are currently utilised for stock. On the second floor there is an apartment with a sitting room, three bedrooms, a bathroom and kitchen. All equipment is included within the sale, in particular, the commercial kitchen alone has £40,000 worth of equipment.

The current owner is willing to stay on for a transitional period.

This is an excellent opportunity to take on a reputable Greek restaurant which possesses loyal local clientele and a growing customer base.

Ideal for a current restaurant owner looking to grow through acquisition or a first-time buyer looking for a profitable, expandable venture, any new owner could develop the business further to increase the overall sales turnover.

Additional advertising through other social media would also help to widen its reach and attract new customers.

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  • Village location on the outskirts of London
  • Residential area
  • Great public transport links
  • Other local businesses nearby
  • High footfall
Rent
£25,000
Rates
£6,000
Lease Term
20
Lease Expiry
11 years remaining
Square Footage
TBC
Accommodation Included
No
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
XXXX
Number of Employees
XXXX

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