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Greek Restaurant/Takeaway in Selly Oak, Thriving Student Hub, Seeks New Ownership

Selly Oak, West Midlands
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Greek restaurant and take away in selly oak busy student areaGreek restaurant and take away in selly oak busy student areaGreek restaurant and take away in selly oak busy student areaGreek restaurant and take away in selly oak busy student areaGreek restaurant and take away in selly oak busy student areaGreek restaurant and take away in selly oak busy student areaGreek restaurant and take away in selly oak busy student areaGreek restaurant and take away in selly oak busy student areaGreek restaurant and take away in selly oak busy student areaGreek restaurant and take away in selly oak busy student area
  • Status

    FOR SALE

  • Date Submitted:

    20/04/24

  • Advert ID

    610084

  • Leasehold: £74,000
  • Rent: £12,000
  • Turnover: £442,000 (£8,500 Per week)
  • Net Profit: On request

Key Features

  • Accounts Available
  • High Turnover

Business Details

Greek restaurant and take away in selly oak busy student area

Welcome to Greek House! We're a cozy restaurant in a lively student area, serving up delicious Greek souvlaki, gyros, and freshly made coffees. Our place is always buzzing, with all our tables usually full, including indoor and outdoor seating.

**Key Features:**
- Enjoy mouthwatering Greek dishes made with the best ingredients and recipes, along with our freshly made coffees.
- Whether you're dining in, grabbing takeaway, or ordering delivery, we've got you covered.

**Financial Performance:**
- Greek House brings in about £8,500 a week in revenue, and we've got the numbers to back it up with two years of solid financial records.

**Operational Details:**
- In addition to our dine-in experience, we offer speedy takeaway and delivery through popular apps like Just Eat, Uber Eats, and Deliveroo, as well as our own website.

**Market Opportunity:**
- We're in the heart of a student area, so we're always busy, especially when the weather's nice and students hang out in the nearby park.
- Our customers aren't just students; we also serve folks from nearby neighborhoods like Bournville, Stirchley, Harborne, and Edgbaston.

**Lease Information:**
- Our lease runs until 2026, and the landlord and agency are open to renewing it, so you can count on stability.

**Reason for Sale:**
- I'm looking to pass the torch to someone who's as passionate about Greek House as I am.

**Support and Transition:**
- I'll be here to help with training and support to make sure the transition to new ownership is smooth sailing.

**Investment Highlights:**
- Greek House is a great opportunity for anyone looking to take over a successful restaurant with plenty of room for growth.

Read more

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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