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£0 £1000000

Well established Greek restaurant for sale

City of London, City of London

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For Sale

£240,000 +SAV

Ref: B06450

Leasehold

Overview

Please quote reference B06450

Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing, turnkey Greek restaurant with an excellent reputation gained from long standing quality service and produce.

Trading since 1997, Sappho Meze Bar has been under the ownership of the current owner. Only now has the business come to the market as our client looks to move back to his home country.

This popular restaurant offers a warm and friendly environment for guests to enjoy their evening meal with the business offering a quality Greek dining experience with the main restaurant area being able to cater for 45 covers.

There is genuine scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website.

This is a highly desirable business and would be a very attractive proposition for either an experienced operator looking for an additional business with an attractive income stream or an individual looking for an established & risk free entry into the sector.

Reasons to buy:

  • Extremely well-established business with an enviable reputation and many existing repeat customers
  • Beautifully presented creating the ultimate dining experience
  • Ideal owner managed, family ran or partnership business
  • All fixtures and fittings included making this a real Turnkey business opportunity
  • Current owner would be happy to offer a handover to ensure the continued success
  • Little or no competition locally
Very rarely do businesses of this calibre come to the open market therefore, early viewing would be highly recommended to avoid disappointment.

Turnover
We are advised that the business generates a turnover in the region of £200,000. Full financials can be made available upon further request. 

Please quote reference B06450

We are advised that the business has 2 full-time and 2 part-time members of staff. 

The business hours are -

Monday - 10:30 - 23:30
Tuesday - 10:30 – 00:00
Wednesday - 10:30 – 00:00
Thursday - 10:30 – 00:00
Friday- 10:30 – 00:00
Saturday - 10:30 – 00:00
Sunday - 10:30 – 00:00


The restaurant occupies a fantastic trading position on one of the main retail streets in this very busy modern shopping town centre.

Benefiting from car parking in the proximity and surrounded by complementary businesses ensuring heavy footfall in the area throughout the day.

The restaurant is in a large 2 storey terrace, with excellent eye-catching signage.

Upon entrance is the main seating area with access behind the bar area to the kitchen.

The kitchen is fully equipped to suit the trade and stainless-steel washing area.

To the rear of the kitchen there is a storage area and separate WC.

Tenure
We are advised that the business is being sold on a Leasehold basis, with 2 years remaining on the 9 year lease. The rent is £1,950 per month and has £231 rates payable per month. 

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