Licensed Greek Restaurant in Wolverhampton Centre for Sale - Expensively Fitted, Trades 25hrs/wk
Wolverhampton, West Midlands
- Status
SOLD / WITHDRAWN
- Date Submitted:
22/02/12
- Advert ID
73394
- Reference
R26161K / Rightbiz
- Call Agent:
- Leasehold: £80,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
GREEK RESTAURANT – WOLVERHAMPTON CENTRE
Licensed Greek Restaurant - Wolverhampton
Superbly Presented & Expensively Fitted
Very Spacious Premises with c.2600 square foot Customer Area
Only Trades for 25 Hours per week
Also Ideal For Other Trades
£80,000 Leasehold
Description:
A popular and well established Restaurant having a desirable City Centre location. It has been in the present owner's hands since 1996.
The business only trades four evenings per week and is fitted out in a tasteful and authentic style.
Premises:
An Entrance Area leads to the very spacious Restaurant Seating Area (17m x 12m) which is superbly presented having a suspended ceiling and discreet spot and pin lighting. The flooring is part newly carpeted and part expensive terrazzo type.
There is seating for up to 200 persons and it has a raised Stage Area for performers, singers, groups etc.
The adjoining attractively presented open plan Bar Area (12m x 4m) has seating and an authentic design roof over the bar.
There are well presented separate ladies, gents, and disabled w.c and washroom facilities.
There is an expensively fitted Kitchen having terrazzo type flooring.
Fixtures and fittings include 10 hob commercial oven, triple charcoal grill, double deep fat fryers, two bain maries, two microwaves, chest freezer, cake fridge, double upright fridge, single upright fridge, dish washer machine, washing machine, insect killer unit, double deep bowl sinks, hand wash basin, ample work surfaces and stainless steel preparation tables etc.
There is an Office (5.4m x 4.2m) and a Boiler Room.
Stairs down to spacious Beer Cellar, Staff Cloakroom/Stock Room, three Stock Rooms, and four further Unused Rooms.
Comments:
A very spacious and expensively fitted business having a desirable city centre trading location, which would also be suitable to change to any other type of restaurant or trade. There is tremendous scope to open every evening and to introduce daytime opening.
This business and premises really needs to be viewed in order to fully appreciate.
Our Client Informs Us That:
Takings and Profitability:
The owner will discuss the turnover and profits of the business with serious applicants.
Trading Hours:
6.00pm - 11.30pm Wednesday & Thursday
6.00pm - 1.00am Friday & Saturday
Closed Monday, Tuesday, Sunday
Tenure:
Leasehold. Held on a 20-year lease from 2008, with 5 yearly reviews, at a present rent of £24,000 per annum.
Price:
£80,000 plus stock at valuation for the lease, business, fixtures fittings and equipment.
REALISTIC OFFERS ARE INVITED
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01543 411036.
Contact Agent
Listing Statistics
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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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