High Class Licensed Restaurant in Surrey For Sale

Sought after courtyard position, primary Town Centre location, wealthy SURREY TOWN

Turnover £ 14,500
Price £190,000

Features

Immaculate High Class Licensed Mediterranean Café / Restaurant

Outside seating for 26 customers.

5 STAR HYGIENE RATING

PATIO SEATING FOR 30 PEOPLE

IMMACULATE DOUBLE FRONTED AIR CONDITIONED PREMISES, Hardwood and tiled flooring, plasterboard ceiling with a mixture ot pendants and spotlights.

Tables and chairs seating 100 people.

Bar - EPOS cash register, coffee machine (3 group), grinder, knock out draweer, under counterfridges, under counter freezer, wash hand basin, glass washer, spiirits display shelving.

Disabled cloakroom with toilet and wash hand basin

Open plan kitchen - Stainless steel extractor, 6 burner hob, oven, twin basket deep fat fryer, charcoal grill, griddle, painini press, salmander, microwave, 2 triple door under counter fridges, 3 single under counter fridges, under counter freezer, double sink and drainer, salad fridge, etc.

Stairs to first floor

Ladies Cloakroom with toilets and wash hand basin.

Gentleman's cloakroom with toilet and wash hand basin.


Fully fitted kitchen - stainless steel extractor, 6 buner hob, oven deep fat fryer, ice machine, pass thropugh dish washer, double sink and drainer, wash hand basin, 3 chest freezers

Walkin cold room

Office.

Staff room.

Turnover

Lucrative WE ARE INFORMED by the owner the turnover currently averages £14,000 - £15,000 p.w. with a Gross profit of 65% approx. (10% VIA PORTALS)

Staff

The business is at present staff run operated by 6 full time & 2 part time staff.
We are informed the wage bill averages £3,800 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 9 am - 11 pm

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 £55,000 p.a. + VAT

Business Rates from April 2023 £11,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £190,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

We understand the sale, subject to contract, is to be by way of share transfer of the company.

Finance

Subject to status, you maybe able to borrow up to £ 95,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote