Prestigious Leasehold Restaurant In Bristol Offers Invited For Sale

Business description

Phoenix Business Transfer Agents are delighted to place onto the market this very profitable Greek Cypriot restaurant which has been established by our client for just over 6 years. Our client now wishes to re-locate hence reluctant sale.

The concern provides authentic high quality freshly cooked traditional Greek food to a broad range of clientele including, students, family, couples and those aged between 20 right up to their 50’s.

The concern is run with the aide of 8 staff 4 of which are full time. The owner operates as a chef at present and also works on a full time basis. The fixtures and fittings are of a very high quality and the dinning experience offered is of an exceptionally high standard.

This concern has huge potential. There is ample land to the rear of the property to extend the concern by another 30 - 40 covers which are in demand. The business itself is so popular that many customers are turned away on a Friday & Saturday night.

Our client is available for a business familiarisation period if required.

Property information

Property:

Leasehold

Lease terms:

Tenure: Leasehold
There is a 25 year lease in existence with a rent review every 5 years. The rent is presently £38,000per annum. The rates are £14,500 per annum. The equipment is valued in excess of £60,000.

Living accommodation:

Property Details This very attractively presented high quality premises consist of a large glass fronted prominent location leading to:- Ground Floor A 60 cover restaurant with a large rectangular bar which is fully equipped with 5 fridges, washer, sink and high quality flooring. The restaurant is spectacular and provides a wonderful atmosphere. Downstairs are ladies and gents toilets as well as disabled facilities and a store room. To the rear of the premises there is a large fully equipped kitchen, which includes a 6 hob gas burner, 4 commercial fridges and a very large gas char grill as well as a dishwasher. The total restaurant area is approximately 25ft x 70ft. External To the front there are 16 covers which attracts much passing trade. To the rear is a large yard which is capable of extension and is approximately 30ft x 50ft. Planning permission has already been granted for an extension.

Location:

This concern enjoys an exceptional location being on the main Whiteladies Road in Bristol. This area is very well known for its night life and has a variety of restaurants and bars which attract a huge array of clientele. It is the main area in the City for eating out and there is exceptionally good parking locally.

Bristol itself is very well linked with the M32,M5 & M4motorways.

Other information

Support & training:

Our client is available for a business familiarisation period if required.

Reasons for selling:

Re-location

Trading hours:

The trading hours are 12.00noon – 2.30pm then 6.00pm – 11.00pm Monday to Thursday. Friday 12.00noon – 2.30pm then 6.00pm – 11.30pm. Saturday 12.00 noon till 11.30pm. Sunday 12.00noon – 10.30pm