Caribbean Restaurant and Takeaway in Sutton For Sale

Situated in a parade, excellent main road trading position, SUTTON, SURREY

Turnover £ 5,000
Price £62,500

Features

Caribbean Restaurant & Takeaway

5 DAYS OPENING
5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 520 ft² WITH ELECTRIC SHUTTERS, wood strip floor, suspended ceiling with spot lights, sales counter, EPOS till. Tables and chairs / breakfast bar providing seating for 16 People, CCTV system (4 cameras, 1 monitor)

Open plan kitchen area, industrial non-slip floor, fluorescent lighting, stainless steel extractor unit, Cooker (Gas 6-burner) with oven, potato oven, 2 microwave, fridge, 2 x freezer, blast chiller, fridge, bain marie (9-pot), cold display fridge.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. (70% Online sales)

Staff

The business is at present operated by the Husband & Wife team with the assistance of 2 part time staff.

Trading Hours

5 Day week
TUESDAY - SATURDAY 12 noon - 9pm

Outside

Rear yard for bin

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £16,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £62,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 31,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote