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Greek Restaurant with Alcohol License and Free Parking in Peterborough City Centre for Sale

Peterborough, Cambridgeshire
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  • Status

    FOR SALE

  • Advert ID

    618030

  • Leasehold: £75
  • Rent: £9
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Attractive Business
  • Large Business for Sale
  • Fully Fitted
  • Established Business
  • Ideal for Full Refurbishment
  • Town Centre location
  • Potential for Alternative Use
  • Prime Location
  • With Car Park
  • Adjacent to Multiple Retailers
  • Company for Sale
  • New Lease
  • Close to Local Amenities
  • Retirement Sale

Business Details

Greek restaurant for sale

A licensed A3/A5 Greek restaurant, situated in the heart of Peterborough City Centre, is currently for sale. The establishment is located at 18 Viersen Platz PE1 1EL and comes with a privilege of 2 hours free parking.

The premises are also licensed for alcohol sale. The restaurant, being a new establishment in a high-street location, has a huge potential for business growth. The annual rent is £9,000 and the lease can be renewed every 3 years. Currently, there are 5 months remaining on the existing lease.

The asking premium for the property is £75,000. Despite being a new venture, the restaurant has been generating a weekly turnover between £6,000 to £8,000. However, this is likely to increase with the right advertising and high-quality products, promising a much higher and promising profit margin.

The restaurant's interior is entirely new, including all the equipment and a full extraction unit. It also has a backyard with space for parking one vehicle. The restaurant comprises ample seating with 12 tables and a capacity to accommodate 50 chairs. Furthermore, its strategic location on a bustling high street, surrounded by plenty of shops and proximal to A1139 road, adds to the restaurant's promising scope and potential for exponential growth.

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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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