An excellent opportunity to acquire an established and well-performing Greek restaurant in a
prominent coastal position in Peacehaven. Established in 2023, the business has quickly developed a loyal local customer base and currently generates an impressive turnover of approximately £7,000–£8,000 per week, with around 80% takeaway and delivery sales and 20% eat-in trade. The business also operates its own delivery service, with a delivery bike included in the sale. The premises enjoy excellent visibility from the coastal road, with readily available on-street parking, and provide approximately 45 internal covers plus a further 30 covers to the front. The premises have been newly refurbished and the business is operated under full management, offering a genuine turnkey opportunity. Held on a secure lease, the property also benefits from additional side space with potential for further outside seating, subject to planning consent. The premises are also well suited to a variety of different food concepts, offering flexibility for an incoming purchaser looking to continue
the existing Greek restaurant or introduce an alternative cuisine and trading model. The business is being sold only to allow the current owner to focus on other business interests, presenting an attractive opportunity to acquire a modern, well-established operation with further scope for growth.
- Asking Price:
- £95,000
- Turnover:
- £364,000
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
The premises is held on a full repairing and insuring lease at a current rental of £21,000 per
annum. The lease has approximately 14 years unexpired and rent reviews take place every 5 years
- Leasehold Rent:
-
£21,000 per annum
- Location:
-
The restaurant occupies a prominent position on the coastal road in Peacehaven,
enjoying excellent visibility from the main road and benefiting from readily available on-street
parking.
- Premises Details:
-
The restaurant occupies a prominent position on the coastal road in Peacehaven,
enjoying excellent visibility from the main road and benefiting from readily available on-street
parking. The premises provide a well-appointed and practical layout, with approximately 45 covers internally and a further 30 covers to the front, providing an attractive outdoor seating area. The restaurant benefits from an open-plan commercial kitchen, which is well
equipped for the current
style of operation and
includes two kebab grill stands, contact grills, a chilled salad server and double fryer. Adjacent to the main cooking area is a reparation station with
an upright chilled drinks fridge. To the rear of the premises is a separate washing-up area, equipped
with a double sink and dishwasher, together with a further preparation area providing additional
refrigeration and useful workspace. There is also one customer toilet to the rear of the premises. The near preparation area provides access to the office, where the CCTV monitoring system is located.
Further to the rear is access to a dry store and
walk-in freezer, providing excellent storage facilities for the ongoing operation. A particularly attractive feature is the substantial additional area to the side of the premises, which is included within the lease. The current owner had intended to utilise this
space to create further outside seating, subject to obtaining the necessary planning consents. This offers a purchaser clear potential to enhance the existing customer seating capacity and further develop the business.
- Planning Consent:
-
The sale of retail alcohol between the hours of 12pm – 11pm, Monday – Sunday.
Business Operation
- Management type:
- This business has absentee ownership.
- Trading hours:
-
Trading six days a week,
the restaurant opens from 5pm to 9pm Monday to
Thursday, 12pm to 10pm on Fridays and Saturdays,
and 12pm to 8pm on Sundays
- Employees:
- full management, supported by an established and experienced team comprising a full-time manager, two full-time kitchen staff and two part-time kitchen staff.
- Years established:
- 1
