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Established Mediterranean Restaurant In Plymouth City Centre For Sale

Plymouth, Devon, UK
Asking Price:
On request Furniture / Fixtures included
Turnover:
On request
Net Profit:
On request

Rare opportunity to acquire a well-established Mediterranean restaurant in the heart of Plymouth city centre.

The restaurant has built an excellent reputation for high-quality Mediterranean cuisine, generous portions and exceptional customer service. The business enjoys a loyal customer base, excellent online reviews and a strong local reputation.

Located in a prominent position with high footfall, the restaurant benefits from both local residents and visitors.

The restaurant offers seating for 65 guests and is fully equipped with a modern commercial kitchen, licensed bar, quality fixtures and fittings, refrigeration, EPOS system, website and active social media accounts. The business is ready for a new owner to continue trading immediately with no additional investment required.

Key features include:

  • Prime city centre location
  • Established and recognised local brand
  • Approximately 6 years remaining on the lease
  • Rent only £1,600 per calendar month
  • Fully equipped commercial kitchen
  • Lunch and dinner service
  • Strong potential to increase revenue through takeaway, delivery, corporate catering and private events

The business is being offered for sale due to the owner’s health issues.

This is an excellent opportunity for an owner-operator, experienced restaurateur or investor looking to acquire a successful, fully operational restaurant in one of Plymouth’s busiest locations.

Property Information

Property:

Leasehold

Lease Terms:

Leasehold premises with approximately 6 years remaining on the current lease. Annual rent is £19,200 (£1,600 per calendar month). The lease is assignable to a suitable purchaser, subject to the landlord’s appro

Leasehold Rent:

£19,200 per annum

Location:

Prime city centre location on Cornwall Street, one of Plymouth’s busiest commercial areas. Surrounded by national retailers, offices, entertainment venues and residential developments. Excellent footfall throughout the day and evening, with easy access to public transport and nearby parking. The business benefits from both local regular customers and visitors to the city.

Premises Details:

Well-presented ground floor restaurant with seating for approximately 65 guests. Fully fitted commercial kitchen, licensed bar, customer toilets, food preparation areas, storage rooms and staff facilities. The premises are maintained to a high standard and are ready for immediate operation with no significant capital investment required.

Planning Consent:

The premises benefit from the appropriate planning consent for restaurant use. No recent planning applications or extensions have been undertaken by the current owner

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Excellent opportunity to increase turnover by extending delivery and takeaway services, expanding corporate catering, hosting private parties and events, strengthening online marketing and social media, introducing additional seasonal promotions and developing partnerships with local businesses and hotels. There is significant potential for a motivated owner to further grow the business.

Competition / Market:

The restaurant operates in a busy city centre hospitality environment alongside a variety of independent and national food businesses. Zeus Restaurant has built a strong reputation over many years through high-quality Mediterranean cuisine, excellent customer service and a loyal customer base, allowing it to compete successfully within the local market.

Reasons for selling:

The business is being offered for sale due to the owner’s health issues. This is a genuine sale of a well-established and fully operational restaurant. The business continues to trade successfully and offers an excellent opportunity for a new owner to build on its strong reputation and loyal customer base

Trading hours:

11.30-22

Employees:
11
Years established:
27

Other Information

Furniture / Fixtures value:
£55,000 - included in the asking price