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Established Restaurant - Liverpool For Sale

Liverpool, Merseyside, UK
Asking Price:
£79,950 Furniture / Fixtures included
Turnover:
£66,338
Net Profit:
Available on request

Prominent Main Road Location
Accounts Available Year End 31st December 2020
Annual Turnover £66,338
Gross Profit £33,658
Accounts Available After Viewing
Established 1998
Seating For 90
First Floor Function Room
New Lease Available
Five Star Food Hygiene Rating
Fantastic Online Reviews
Potential For Delivery Service
Scope To Extend Opening Hours
EPC - D

REF 7865 – Leasehold Restaurant

Blacks Brokers are pleased to bring to the market this leasehold restaurant located in Old Swan, Liverpool.

INTRODUCTION

Retsina Greek Restaurant & Taverna was established in this busy residential area of Liverpool in 1987 with our client taking ownership in 1998. The business offers a range of authentic, freshly prepared Greek cuisine. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor and Facebook. Retsina Greek Restaurant & Taverna has a comprehensive website in place and active social media presence.

LOCATION

Retsina Greek Restaurant & Taverna occupies a main road trading position within a bustling residential area. The area is well populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Asda and Tesco Express. There are also a number of amenities nearby including schools, hotels, pubs and more. The area is well linked by the M62 and M57 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement plans, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease runs at a cost of £346 per week and is due for renewal in 2023. Our client has advised us that the landlord is willing to provide a new lease for a new owner.

STAFF

The business operates with four part time staff in employment supporting our client working on a part time basis.

FINANCIAL DETAILS

Retsina Greek Restaurant & Taverna has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st December 2020 show annual turnover of £66,338 and gross profit of £33,658. Full financial information is available upon request.

SUMMARY

This popular and long established business occupies an enviable trading position in a sought after and busy area of Liverpool. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours – the business is currently managed to suit our client’s busy lifestyle. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - WED: CLOSED
THU: 17:00 - 21:30
FRI & SAT: 17:00 - 22:30
SUN: 16:00 - 21:30

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