Renowned American Diner in Sutton For Sale

Situated in a parade, main road trading position, sought after residential area, SURREY SUTTON

Turnover £ 5,000
Price £85,000

Features

Renowned Licensed American Diner

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 660 ft² with ELECTRIC SHUTTERS. Tiled flooring, suspended ceiling with LED lighting. Tables and chairs for 38 persons. Sales counter, electric cash register, 1 beer pump, under-counter fridges, soft drinks fridge, milkshake machine, ice cream display freezer, hand wash basin, menu board.

Customer cloakroom with toilet and sink

OPEN PLAN KITCHEN. Stainless steel extractor, grill, 2 double basket deep fryers, hob, oven, 2 microwaves, long freezer with stainless steel top, fridge/freezer, fridge, beer fridge, wash hand basin.

Preparation room / store. Double sink with drainer, shelving, 3 freezers

Dry good store

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. (30% delivery) with a Gross profit of 65% approx.

Staff

The business is at present operated by 2 partners with 1 full time staff plus the assistance of 4 part time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 11 a.m - 10.30 p.m

Outside

Parking for 2 cars to the rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2011 with reviews every 5 years (next review 2026) at a current rent of £18,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote