Mediterranean restaurant for sale in Essex

This well-established Mediterranean restaurant, located in the heart of Essex, presents an exceptional opportunity for aspiring business owners. With 16 years of successful operation, this venue not only boasts a loyal customer base but also a prime location in a bustling town centre. The premises are spacious, featuring an unused cellar, a dedicated staff area, and an office on the first floor, all ready for rebranding or expansion under new ownership.

The restaurant is currently offered on a leasehold basis for £160000; the price is negotiable reasenable offers will be considered, with an impressive turnover of £900,000. Despite the annual rent being set at £72,500, the competitive pricing of the business makes it an attractive investment opportunity.

Opportunity for a new lease with terms and rent to be negotiated for the right candidate

Accessibility and Amenities

Situated in a vibrant area, the restaurant benefits from proximity to various amenities, including shops, restaurants, and public services, all of which help to draw in customers. The location serves as a commuter hub, allowing the business to tap into a steady stream of visitors each day. Moreover, the venue is renowned for its extensive bar area and comprehensive beverage selection, catering to a wide range of tastes and preferences.

Turnkey Operation

Included in the sale are numerous fixtures and fittings, ensuring that the new owner can seamlessly continue the operations. The restaurant’s ongoing commitment to compliance with food safety standards and local regulations enhances its appeal as a community-focused dining experience. With the existing staff of 16, including both full-time and part-time employees, the transition to new ownership can be smooth and efficient.

Opportunities for Growth

Digitally, the restaurant is well-positioned with online booking and ordering options already in place. There are significant opportunities for expansion in the online order market that the new owner could capitalise on, further increasing the restaurant's turnover. The community recognition that the establishment has achieved over the years highlights its local popularity, making it a sound choice for someone looking to invest in a business deeply embedded in the area.

Reasons for Selling

The current owner is seeking to retire, providing an excellent chance for a motivated entrepreneur to take over a successful operation. Offers are invited and will certainly be considered, making this an opportune moment to invest in a thriving restaurant that holds a strong reputation and community presence.