Fast Food Restaurant in Kingston Upon Thames For Sale

Situated in a parade, excellent main road trading position, not far from the University, KINGSTON-UPON-THAMES, SURREY.

Turnover £ 6,500
Price £149,950

Features

Fast Food Café / Restaurant Specialising In Pizzas, Painins and Burgers

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 600 ft², WITH ELECTRIC SHUTTERS, CCTV (7 cameras), Tiled flooring, suspended ceiling with pendant and tube lighting.

Tables and chairs seating 18 people.

Sales counter, EPOS cash register, soft drinks fridge, etc.

Customer cloakroom with toilet and wash hand basin.

KITCHEN - Stainless steel extractor, Grill, double basket deep fat fryer, Rational oven, painini press, pizza oven (gas), microwave, dough mixer, fridge, under counter fridge, salad fridge, chest freezer, pizza making station, double sink and drainer, wash hand basin, stainless steel preparation tables, etc

Walkin freezer.
Walkin fridge.

Customer cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with the assistance of 6 part time staff.

We are informed the wage bill averages £2,500 p.w. approx.

Trading Hours

7 Day week
MONDAY - THURSDAY 11 a.m. - 1 a.m.
FRIDAY, SATURDAY 11 a.m. - 2 a.m.
SUNDAY 11 a.m. - 1 a.m.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING we understand can be let if not required for personal use for approximately £1,800 per month. The FLAT comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Rear access providing shared parking.

2 Garages.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £36,000 p.a.

Business Rates from April 2025 £650 approx. after small business relief (Please contact local authority to confirm)

N.B. The Purchaser is to be responsible for the Landlord's costs.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024 AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S FAMILY COMMITMENTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote