Sovereign is delighted to bring to the market this exceptionally managed and profitable, 45 cover Mediterranean restaurant, on a leasehold basis.
The business has been under the careful ownership of our client for over 12 years, acquiring an excellent local reputation and an extensive & loyal client base. The business is now for sale due to our client’s wish for a change in business direction after many successful years of trading.
The business is currently operating as a contemporary and upmarket Mediterranean restaurant. The inviting menu offers a range of delicious and authentic Turkish, Middle Eastern and Mediterranean cuisine, fresh fish and seafood. The restaurant further benefits from having an alcohol licence in place and serves a selection of beers, wines & spirits for diners.
There is further scope to increase turnover by undertaking a robust marketing campaign via local press & social media. There is further scope to update the dedicated website already in place. Revised opening hours could also be considered in order to capture passing lunchtime trade in this high footfall location. There is the possibility of introducing a buffet served at various times of the day and evening.
Finally our client is willing to offer a handover period to the new owner, enabling a smooth transfer. This restaurant would be a great opportunity for any purchaser with experience in the trade.
- Business ID: 2775
- Weekly Turnover in excess of £2,500 / High GP
- Highly Sought After Central Location
- Close to Many Complimentary Businesses
- Loyal Customer Base with Seating for up to 45
- Quality Inventory & Well-Equipped Kitchen
- Competitive New Lease Terms Available
- Early Viewing Highly Recommended
Business ID: 2775
Price: £45,000 +SAV
Annual Turnover: £130,000
Business Category: Bars & Restaurants
Location: Greater Manchester
Living Accommodation: No
EPC Rating: Awaiting Cert
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