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Award Winning Greek Restaurant

Leeds, West Yorkshire
Leasehold Price:
£59,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
242915
Reference
B05227 / Rightbiz
01204556300

Details

Business
Hilton Smythe is delighted to introduce to the market Amalthea Greek Cafe Bistro & Deli, a multi award winning and extremely highly rated, Greek eatery located at The Crescent, Leeds.

The restaurant was originally founded in 2016 and has been under the careful ownership of our client since inception, only now does the business reluctantly come to the market due to our client’s desire to return to Greece.

Our clients have worked extremely hard to establish the business, and the restaurant now boasts an outstanding reputation. The business offers a fine dining experience, with a menu of authentic Greek dishes of the highest quality. TripAdvisor reviews state ‘Great quality food, clean and tidy restaurant with lovely staff and great service. My family and I have visited several times and will continue to. Would definitely recommend’ and ‘We've been coming to Amalthea on a frequent basis for over a year now and absolutely love the place. The food is absolutely sublime, and we've never had a meal we didn't like from the very extensive menu.’


Awards won by the restaurant include:

  1. Best Suburban at the Oliver Awards 2018
  2. Best Suburban at the EAT Awards 2017 of the H&N magazine
  3. Best Suburban at the EAT Awards 2018 of the H&N magazine
  4. Best Mediterranean Restaurant in Leeds Award from the Yorkshire Enterprise Awards
  5. The Most Authentic Greek Restaurant in Leeds from the LUX Magazine and the Global Excellence Awards
  6. Certificate of Excellence 2019 from TripAdvisor
  7. Best Mediterranean Restaurant in Leeds by the Northern Enterprise Awards
The 56 cover restaurant is uniquely styled with bespoke wall décor and lighting, creating a warm and friendly ambiance for diners. There is also space at the front of the restaurant for a further 24 covers in the warmer months.

There is also ample scope to increase, the already thriving turnover, such as attending food fairs, markets, pushing advertising, leaflet drops, acquiring an alcohol licence, offering a local delivery service, etc.
This is a profitable and ready to walk in business opportunity not to be missed. Early viewing is highly recommended as our client is hoping for a quick sale and is also offering a hand over period

Location
Amalthea Greek Cafe Bistro & Deli is surrounded by a wealth of complimentary shops, eating establishments and an abundance of residential homes, located on the A660 businesses benefits from a high volume of footfall and passing trade. The business further benefits from free parking facilities.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The area is also well served by the A-roads, with the A6102 being within easy driving distance of the business, which links to the M1 motorway network

Premises
The premises were fully renovated to a high quality in 2016 with bespoke décor and lighting. Located in such an affluent and highly sought for area, the business attracts not only local trade, there are ample word of mouth recommendations and customers traveling from other towns to visit the restaurant.

Service area  
large open plan restaurant with 56 internal and 24 external covers, coffee machine, large display storage cabinets, till and card terminal.


Kitchen
Fully Equipped commercial kitchen, fridges, pot wash sink, commercial ovens, gas hob, grill, Baine Marie, stainless steel preparation tables, stainless steel sink, ample storage and crockery.


WC  
Stock at value is in the region of £3,000

Tenure
Leasehold with 2 years remaining on the current lease. Annual rent of £19,500. 

The landlord is happy to extend the lease for the buyer of the business. 



Hours
Monday Closed
Tuesday – Thursday 17:30 - 22:30
Friday & Saturday 12:00 - 23:00
Sunday    12:00 - 22:30




Staff
The business is family run with 1 full time and 1 part time staff member

Financial Profile
The business reports a turnover for the last year of approximately £176,749 with a gross profit of 62%



Seller Details
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Listing Details
Leasehold Price: £59,995
Tenure: Leasehold
Marketed By: Hilton Smythe
Sector: Restaurants
Financials
Annual Turnover: £176,749
Location Statistics
What's nearbyi:
Rainbow International Ltd (approx. 0 mile)
All Bar One Millenium Square Leeds (approx. 0 mile)
Both Arms (approx. 0 mile)
The Film House (approx. 0 mile)
Nelson Mandela Gardens (approx. 0 mile)
Be At One Leeds (approx. 0 mile)
The Art Gallery Shop (approx. 0 mile)
Calverley Street (stop Y12) (approx. 0 mile)
Information & Research Library (approx. 0 mile)
merrion center (approx. 0 mile)
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